Wall Cladding Materials Market

Wall Cladding Materials Market Outlook (2022-2032)

The demand for wall cladding is driven by the need for aesthetic looks. The home interior sector is a major demanding field for wall cladding products. The change in consumer interest toward the interior and furnished looks for homes and offices is likely to foster demand for wall cladding materials.

The rising income of people is likely to give further traction to this market due to excelled inclination towards luxurious lifestyles and homes. The interior cladding is preferred for the enhancement of looks while the external cladding is intended to increase the lifestyle of infrastructure by rising fungal and moisture resistance. These claddings reduce degradation caused by bacteria which is a key factor for growth in the demand.

Wall cladding material tends to withstand distinct climate conditions that otherwise tend to affect the structure’s life and decline its life of it. Apart from improved acoustics, the interior cladding tends to give thermal insulation. The looks of these wall claddings can be restored easily with simple washing.

The global market in wall cladding products valued at USD 247.21 Billion in 2022. The market is expected to gain growth in the forecast period and is likely to reach up to USD 426.29 Billion by the end of 2032. The market is anticipated to expand with a CAGR of 5.6% in the forecast period.

Report Attributes	Details
Market size (2022 A)	USD 247.21 Billion
Base Year for Estimation	2022
Forecast duration for this research	2022-2032
Forecasted Market value (2032 F)	USD 426.29 Billion
Global Market Growth rate (2022-2032 E)	CAGR of 5.6%
Key Companies Profiled	James Hardie Australia Pty Ltd FunderMax India Pvt Ltd Tata Steel Limited Acme Brick Company Alcoa Inc. Boral Limited Nichiha Corporation Etex Group Armstrong Metalldecken AG Cembrit Holding A/S CSR Limited Compagnie de Saint Gobain SA

What drives the wall cladding material market?

The rise of the building and construction sector has been fuelled by population growth and urbanization, which has raised the demand for wall-covering materials. Furthermore, a trend toward using these materials for greater aesthetics has been brought on by the accessibility of a wide variety of such materials. In commercial and institutional buildings, the demand for wall-covering materials has increased as a result of technological advancements and architectural evolution.

The demand for these materials in residential buildings is being driven by their capacity to give infrastructure greater endurance and a more attractive appearance. The transition from conventional paint to wall cladding materials is also due to an increase in disposable money. The different characteristics of wall-covering materials.

As per the research, claddings in specific colors, and textures of walls tend to impact positively office productivity making employees feel energetic and dedicated to work. This has raised concerns from corporates to enhance their interiors which is likely to propel the demand for wall cladding manufacturers in the anticipated duration.

Cladding a wall enhances the mechanical strength of the overall structure. Majorly this cladding is preferred for decoration and in the case of external applications, it’s intended to improve resistance to temperature and water. Also, PVC cladding is treated less expensive than that repainting, especially in timber weatherboards.

Segment wise Insights

On the basis of types, the stones and brick slip cladding are widely used in external walls segment owing to their ability to resist temperature changes. The interior segment of walls is dominated by the wooden cladding due to their aesthetic and looks.

The horizontal claddings are preferred for traditional yet stunning looks. These segments are likely to gain growth in the forecast period. However, vinyl cladding is likely to gain major demand in future markets as its durability has made it rank the user preferences.

Based on the end users, the residential segment is dominant in terms of demand for interior cladding. However, the increasing office places and demands from malls, and theatres are likely to gain major traction in the forecast period. The commercial sector is anticipated to gain the fastest CAGR in upcoming years due to a rise in awareness about the workplace environment and looks to impact overall productivity.

Trends in Wall cladding

“Open plan workplaces and Greenlam cladding in trends”

More people are expressing a desire to live and work in structures with "personality" and a welcoming atmosphere, whether it be a dining establishment, a fitness center, or a quiet reading room like a library. Incorporating certain designs into a building will make it more fun for the tenants as well as more attractive to passers-by with the appropriate choice of laminate wall panels.

For both commercial and residential establishments, open-plan living and working spaces are popular because they seamlessly blend the inside with the outdoors. Most people are aware of how developments in new materials and technology have altered architecture and construction over time. Greenlam Clads is devoted to becoming a one-stop shop for all kinds of wall cladding.

Regional Outlook

Rising population and increasing urbanization have led to the growth of the construction industry in regions such as the Asia Pacific. Also, developing countries in the Asia Pacific are growing in terms of industrialization, owing to which Asia Pacific makes a prominent market for wall cladding materials. Growing industrialization and the rising construction industry in regions such as Latin America makes it a good market for wall-covering materials. As compared with others North America and Western Europe are matured market regions.

Despite being matured market North America and Western Europe makes potential market for these materials due to their strong focus on infrastructural development. The construction industry is escalating in the Middle East region. Also, the building and construction industry is flourishing in the regions of Africa. Due to the above factors the Middle East and Africa can be expected to be promising markets for wall-covering materials.

Recent developments

• In January 2021, Etex announced the acquisition of URSA a US-based company in insulation solutions. The acquisition is likely to bring sustainable transformation in lightweight building construction solutions.
• In April 2018, James Hardie completely acquired Fermacell in order to get the benefit of high quality and expansion of brand presence. The Fermacell has a wider reach in European markets which is likely to benefit James Hardie by enabling the right expertise by partner firm to excel own market footprint and fiber cement business opportunities.

Wall Cladding Materials Market : Segmentation

• On the basis of Its Material Type :

  • Wood/Timber
  • Concrete
  • Brick Cladding
  • Stone
  • Glass
  • uPVC
  • Tiles
  • Metal
  • Others

• On the basis of Its Application :

  • Interior
  • Exterior

• On the basis of Its End Use :

  • Residential
  • Commercial
  • Industrial
  • Institutional

• On the basis of Its Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africaa