Market Research Future published a research report on “Metal cladding Market Research Report – Global Forecast 2025” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2025.
Market Analysis
The metal cladding market size in 2018 was valued at USD 3.5 billion and is projected to grow at a healthy 4.4% CAGR by 2025, as per the latest MRFR analysis. Metal cladding is a protective coating. Here protective materials such as metal powder/metal foil are bonded with substrates through heat or pressure. Galvanized steel cladding, bronze cladding, copper cladding, aluminum cladding, titanium cladding, zinc cladding, and brass cladding are the different types of metal cladding that are extensively used in residential, industrial, and commercial projects. Some of the advantages of metal cladding include low maintenance, does not absorb moisture, susceptible to insect infestation, design flexibility, fire resistance capacity, lightweight, and highly recyclable.
Numerous factors are boosting the market growth like growing demand for new residents & commercial projects, need for prefinished metal cladding for constructing commercial spaces for boosting the aesthetic appeal of the structure, and increasing spending power of customers in the GCC countries, namely India, Brazil, China, and Japan. The increasing awareness of homeowners regarding the various benefits of metal cladding like it gives a durable, modern, and harmonious look to the building as well as a rise in the number of building construction activities are also adding market growth.
On the contrary, volatile raw material cost coupled with the impact of the ongoing COVID-19 outbreak, such as restrictions on construction activities, sealing of the international application, and decrease in installation, travel bans, and social distancing may limit the Metal Cladding Market growth during the forecast period.
Competitive Landscape
Eminent contenders profiled in the metal cladding market report comprise ATAS International (US), POHL Fassaden (Christian Pohl GmbH) (Germany), A. Zahner (US), Huntsman Corporation (US), BlueScope Steel (Australia), James & Taylor, ArcelorMittal Construction (Luxembourg), Bemo
Systems (Germany), ASTEC Industries Inc. (US), Ancon Limited (UK), Kalzip Ltd (UK), Anclajes Grapamar S.L (Spain), BASF (Germany), and others. Industrial players have encompassed several strategies to stay at the forefront and also cater to consumer’s burgeoning needs such as acquisitions and mergers, extensive research and development activities, new product launches and new product development, strategic alliances, contracts, joint ventures and collaborations, partnerships, to name a few.
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Market Segmentation
Type and application are parameters on which the global metal cladding industry segments are based. The global market segments based on material are galvanized steel cladding, aluminum cladding, copper cladding, zinc cladding, brass cladding, titanium cladding, and bronze cladding. The copper cladding segment can dominate the global metal cladding market. The widespread utility of copper as cladding metal due to its benefits, such as malleability and durability can impel the expansion of the market.
The application based segments of the Impact Of COVID-19 on Metal Cladding Market are commercial, industrial, and residential. The commercial segment is expected to experience the highest CAGR in the forecast period. The commercial segments are shopping malls & centers, office spaces, healthcare, educational centers, and hospitality among others. Commercial Building Construction industry can generate revenue significantly in the years to come can maintain the trend across the forecast period.
Detailed Regional Analysis
North America, Middle East and Africa, Europe, Asia-Pacific, and South America are regional segments of the metal cladding global market. In Asia Pacific region, the metal cladding systems market is likely to maintain hegemony in the assessment period. The rise in construction activities across APAC due to need for work and residential space can boost the expansion of the metal cladding market in the APAC region. The increase in FDI investment in the construction field have generate lucrative growth scope for the metal cladding in the Asia Pacific region. In Europe, the growing need for metal cladding in the automobile sector and the booming aviation industry can support the expansion of the metal cladding market in the region. North America metal cladding market is likely to rise at a high pace in the years to come. The major metal cladding manufacturers and the high demand for cladding can promote the market in North America.
Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Metal Cladding Market Segmentation
- Metal Cladding Market Landscape
- Vendor Matrix
- Company Profiles
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
- SWOT Analysis
- Regional Metal Cladding Market Share
- Country Metal Cladding Market Share
- Revenue and Sales Forecast
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