Posted 2/27/2024, 7:34:00 AM
Rainscreen Cladding Market Poised for Robust Growth, Driven by Urbanization and Innovations in Composite Materials
- Global rainscreen cladding market projected to reach $218 billion by 2030, driven by urbanization and population growth fueling construction demand
- Rainscreen cladding provides moisture protection and durability for building exteriors across sectors
- Commercial segment dominates due to rising industrialization and demand for new construction projects, especially in Asia-Pacific
- Composite materials widely used in cladding for performance and cost savings, market share to rise through 2030
- Key players making strategic acquisitions and launching innovative products to meet cladding market growth