Metal cladding Market Analysis

Global Metal Cladding Market Overview

Metal Cladding Market Size was valued at USD 32.8 Billion in 2022. The Metal Cladding industry is projected to grow from USD 34.5 Billion in 2023 to USD 51.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.20% during the forecast period (2024 - 2032). The expansion of development projects worldwide and the rising demand for energy-efficient structures are the key market drivers enhancing market growth.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Metal Cladding Market Trends

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  The increase in construction activities across the globe is driving the market growth

  
  

The rise in building activities around the world and the rising need for energy-efficient buildings are anticipated to boost the worldwide cladding industry. With the economy starting to slowly recover and businesses having more confidence, the market is anticipated to increase moderately over the next few years. The device helps a building become more energy-efficient, which reduces the amount of energy needed for heating, ventilation, and air conditioning. One of the key reasons fueling the market's expansion is the rising need for energy-efficient construction solutions.

The demand for cladding materials is anticipated to be positively impacted during the forecast period by rising construction spending in developing nations as a result of population growth and significant economic and industrial advances. Following its recovery, the construction market is anticipated to expand steadily. In terms of pricing, product differentiation, and cladding quality, the cladding sector is very competitive. Players in the market concentrate on enhancing product quality in terms of robustness, visual appeal, and energy efficiency, and mergers and acquisitions are anticipated in order to enhance their positions in domestic and international markets.

Over the next years, it is anticipated that the cladding market will continue to expand steadily due to the expansion of the building industry. A building's energy efficiency is increased by the product, which results in less energy being used for heating, cooling, and ventilation. Demand for energy-efficient construction solutions has increased, which is one of the main drivers fueling market expansion. Cladding is used to suit both aesthetic and functional requirements while maintaining harmony between a building's interior and outside settings. According to the building's operational requirements, cladding is applied. The cladding market is being driven by the expansion of infrastructure and construction projects in both residential and non-residential spaces.

Investments in lightweight and energy-efficient market cladding systems in residential and non-residential structures are also being boosted by strict governmental restrictions, green construction laws, and guidelines like LEED certifications. A developing market exists for cladding systems that are resistant to fire, heat, water, and sound. As consumers have grown increasingly concerned with the environment, innovative, environmentally friendly cladding materials are preferred in the market. The expensive price of the cladding system and components could impede market expansion. In order to create a sustainable yet appealing appearance, customers in the market are choosing to install vertical gardens on their external walls. This is also resulting in the creation of artificial green walls with a natural appearance, which requires less upkeep and watering.

Additionally, the need for construction projects involving renovation and remodeling is increased by the rise in people's standards of living. Additionally, the market expansion is anticipated to be fueled by the rehabilitation and building of existing residential and commercial structures. For instance, the "Renovation Wave" program for public and private buildings was unveiled by the European Commission in 2020 with the intention of considerably raising renovation rates throughout the EU and offering a framework for rehabilitation to encourage green building. According to the plan, an additional investment of almost USD 385 billion per year is required to meet the EU's 2030 energy and climate targets, of which USD 295 billion should go towards residential construction and USD 90 billion should go towards public buildings. As a result, these elements fuel the demand for roof cladding. Thus, driving the Metal Cladding market revenue.June 2023. The takeover bid has been completed by Etex, which is based in Belgium, for UK insulation product manufacturer Superglass. This transaction will see the company further grow its European footprint in sustainable insulation materials as well as complement its existing operations as a producer of glass mineral wool and extruded polystyrene through URSA.

Metal Cladding Market Segment Insights

Metal Cladding Material Type Insights

The Metal Cladding market segmentation, based on Material Type, includes Ceramic, Brick and stone, Metal, Wood, Vinyl, Stucco and Elfs, Fibre Cement, and Concrete and Weatherboard. Metal segment dominated the market in 2022. The growth can be attributed to its robustness, recyclable nature, UV radiation resistance, and quick & simple installation characteristics. These panels enhance the thermal performance of a structure by offering continuous insulation outside the main wall.

Metal Cladding Uses Insights

The Metal Cladding market segmentation, based on Uses, includes Walls, Roofs, Vents, and Gutters. Roof segment dominated the market in 2022. Both residential and commercial structures can benefit from roof cladding because it enhances aesthetic appeal and provides greater insulation. Additionally, it has qualities including thermal insulation, heat resistance, water resistance, durability, and energy saving, which are predicted to increase its uptake over the projection period.

Metal Cladding Application Insights

The Metal Cladding market segmentation, based on Application, includes Residential and Non-residential. Non-residential segment dominated the Metal Cladding market in 2022. The sector covers all types of offices, including public and private ones. In these structures, claddings are employed to improve the building's visual appeal, weather protection, fire resistance, and thermal insulation.

The need for cladding in the residential construction industry is anticipated to rise dramatically as a result of expanding awareness of energy-efficient buildings, the necessity to renovate older structures, an increase in over-cladding operations, and regulatory mandates for green buildings.

Figure 1:  Metal Cladding Market, by Application, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Metal Cladding Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific Metal Cladding market dominated this market in 2022 (45.80%). This is due to an increase in construction activity in emerging economies like China, India, and Japan, as well as rising per capita income, fast urbanisation, and population growth. Moreover, China’s Metal Cladding market held the largest market share and the Indian Metal Cladding market was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2:  METAL CLADDING MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

The North America Metal Cladding Market is expected to register significant growth from 2023 to 2032. This is because residential demand is increasing and governments in the United States and Canada are taking steps to improve social infrastructure. Additionally, raising consumer knowledge of the advantages of weather protection for buildings will help the industry expand. Further, the U.S. Metal Cladding market held the largest market share, and the Canada Metal Cladding market was the fastest growing market in the North America region.

Europe Metal Cladding market accounted for a healthy market share in 2022. This is because commercial construction operations have increased. The demand for the product is also anticipated to increase throughout the projected period due to an increase in the use of cladding to improve a structure's visual appeal. Further, the German Metal Cladding market held the largest market share, and the U.K Metal Cladding market was the fastest growing market in the European region

Metal Cladding Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Metal Cladding market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Metal Cladding industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Metal Cladding industry to benefit clients and increase the market sector. In recent years, the Metal Cladding industry has offered some of the most significant advantages to medicine. Major players in the Metal Cladding market, including Saint Gobain S.A, Dow Du Pont, Tata steel limited, Arconic, Westlake chemicals, Etex group, and James Hardie industries, are attempting to increase market demand by investing in research and development Material Types.

A diverse and integrated steel manufacturer is Tata Steel Ltd. Its operations span the entire value chain, from raw steel production to completed steel products. The business sells bearings, agricultural tools, building materials, and flat goods. It offers services to the automotive, building, general engineering, industrial, and agricultural markets. Additionally, it runs captive iron ore mines and collieries near the Indian cities of Jamshedpur, Kalinganagar, and Dhenkanal. The business is also present in a number of downstream industries that contribute value. It conducts business in Australia, China, Thailand, Singapore, Vietnam, China, the United Kingdom, and the Netherlands. The headquarters of Tata Steel are in Mumbai, Maharashtra, India. A Centre for Innovation in Mining and Mineral Beneficiation was created by Tata Steel in February 2023 at the Indian Institute of Technology (Indian School of Mines), Dhanbad.

A company that manufactures building materials is Kingspan Group Plc (Kingspan). It creates, produces, and sells energy storage products. Rigid insulation boards, insulated roofs, walls, facade systems, insulated panels, access floors, steel frames, and off-site wood frame solutions are among the many goods the company offers. Raised access floors, environmentally friendly and renewable fuel and water storage options, and hot water systems are all provided by Kingspan. Additionally, it provides both the public and private sectors with low- and zero-carbon solutions. It provides systems for insulated and airtight building fabrics. Commercial, industrial, office and data, and residential sectors are all catered to by the business. Brazil, Canada, Chile, Colombia, Mexico, Panama, Peru, Uruguay, the United States, Austria, Azerbaijan, Belgium, Bosnia, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, Germany, Hungary, Ireland, Italy, Kazakhstan, Latvia, Lithuania, Netherlands, Ireland, and Norway are among the countries where it operates. Kingscourt, Cavan, Ireland is home to the Kingspan Group's headquarters. Kingspan acquired Ondura Group and Derbigum in August 2022 to create its Roofing + Waterproofing division. The new Division now offers membrane solutions for flat and pitched roofs, from the primary outer layer of the roof to the secondary underlay, as a result of the acquisitions of Ondura Group and Derbigum.Saint-Gobain announced in June 2023 that it had entered into a definite agreement for the acquisition of Building Products of Canada Corp., a BC-based privately owned manufacturer of residential roofing shingles and wood fiber insulation panels.

Key Companies in the Metal Cladding market include

• Saint Gobain S.A


• Dow Du Pont


• Tata Steel Limited


• Arconic


• Westlake Chemicals


• Etex Group


• James Hardie Industries

Metal Cladding Industry Developments

June 2023. The takeover bid has been completed by Etex, which is based in Belgium, for UK insulation product manufacturer Superglass. This transaction will see the company further grow its European footprint in sustainable insulation materials as well as complement its existing operations as a producer of glass mineral wool and extruded polystyrene through URSA.May 2023: A new exterior cladding system is here! Britten Inc, a leading provider of printing and design solutions, has introduced Tex CladcTM – an innovative approach combining high-strength engineered fabrics with fasteners made from architect-grade metal. These features represent an innovative solution to traditional perforated metal facades at cheaper rates and also provide a stage for creative engineering planning.March 2023: Cuppa Pizarras, an architectural cladding firm, has developed Cupa Clad, a slate cladding system designed to display the material’s aesthetic beauty while boosting a building’s insulation. A rainscreen application process was adopted by Cupa Pizarras that coupled natural slate with the cementitious backer board where the outboard plane is ventilated, producing the cladding system.

Metal Cladding Market Segmentation

Metal Cladding Material Type Outlook

• Ceramic


• Brick and Stone


• Metal


• Wood


• Vinyl


• Stucco and Elfs


• Fibre cement


• Concrete and Weatherboard

Metal Cladding Uses Outlook

• Walls


• Roofs


• Vents


• Gutters

Metal Cladding Application Outlook

• Residential


• Non-residential

Metal Cladding Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America