CLADDING SYSTEMS MARKET ANALYSIS

Cladding systems uses various raw materials like aluminum, steel, wood, and stone among others for exterior and interior applications in buildings. However, fluctuations in the prices of these raw materials poses a serious challenge for the market growth.

Such volatility in raw material prices have distressed building contractors and panel manufacturers who cannot determine accurate construction budgets. It often leads to cost overruns impacting their margins and new projects planning. Many contractors have postponed or cancelled building projects until raw material prices stabilized demonstrating reduced demand. This volatility in prices and demand has put a restraint on the anticipated growth projections of global cladding systems market over near future until stabilization in raw material supply and costs.

Market Opportunities: Emergence of new materials

The emergence of new materials is poised to provide significant opportunities for growth in the global cladding systems market. Materials science and engineering are advancing at a rapid pace, yielding innovations that can change the landscape of construction and building envelopes. One such new class of materials is high-performance fiber cement composites. These advanced fiber cement boards offer enhanced durability, workability, and aesthetics compared to traditional cement products. They are highly resistant to impact, cracks, and fractures. Some varieties even mimic the look of wood or stone. This allows architects to achieve unique and distinctive designs for facades.