Fiber Cement Rainscreen Panels Market size is projected to reach USD 58 Billion by the end of 2035, growing at a CAGR of 14% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of fiber cement rainscreen panels was over USD 12 Billion. The rapidly growing global construction industry and the augmenting adoption of green building systems are major factors accredited to the market growth.
There is a surge in the adoption of sustainable green building materials to maintain the capacity of the ecosystem at global levels together with improving the quality of human life. Hence, the gradual shift toward the application of sustainable, eco-friendly, and recyclable products in new construction and renovations is predicted to bring numerous growth opportunities for the fiber cement rainscreen panels market. As per a global survey, according to about 45% of respondents, sustainability is the major concern with most engineering and construction industries progressing toward sustainability in the design phase.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~14% |
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Base Year Market Size (2022) |
~ USD 12 Billion |
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Forecast Year Market Size (2035) |
~ USD 58 Billion |
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Regional Scope |
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End-User (Residential, Commercial, Industrial)
The commercial segment is anticipated to hold 55% share of the global fiber cement rainscreen panels market by 2035 due to the growing demand for commercial spaces and the increasing investment in constructing commercial towers is propelling the segment growth. Additionally, the rising application of fiber cement cladding in commercial buildings as they enhance the exterior appearance of the buildings and are durable and economical material. They provide long-term protection against fire, water, and changing thermal conditions.
Fiber cement rainscreen panels market from residential segment is counted to witness significant growth in the upcoming years. The segment growth is backed by the growing aesthetical requirements in new residential constructions. As fiber cement rainscreen panels are extensively in demand for wall cladding and are manufactured in several textures, their demand in residential buildings is escalating.
Type (Ultra-Thin Panels, Thick Panels, Super Thick Panels, Conventional Panels)
The ultra-thin segment in the fiber cement rainscreen panels market is projected to generate the highest share by the year 2035. The rising advances in manufacturing materials and the growing application of ultra-thin cladding to protect the construction, and provide thermal insulation, together with enhancing the exterior appearance of the buildings is projected to boost the segment growth.
Our in-depth analysis of the global market includes the following segments:
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Type |
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End-User |
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European Market Forecast
The fiber cement rainscreen panels market in Europe is projected to be the largest with a share of about 36% by 2035. The growing adoption of developing modern manufacturing materials that contribute to sustainable construction owing to the stringent government regulations regarding energy conservation are some of the major factors anticipated to drive the expansion of the market. According to the findings, European Union buildings and the construction industry accounted for about 40% of energy consumption, nearly 36% of CO2 emissions, and around 33% of waste and water use in 2021.
North American Market Statistics
The fiber cement rainscreen panels market in North America is estimated to be the second largest, registering a share of about 26% by 2035 owing to the increasing concerns regarding greenhouse emissions from the land sector in the United States. The data from the U.S. inventory states that the greenhouse gas emissions in the U.S. summed up to 6,340.2 million metric tons of carbon dioxide equivalents from the land sector in 2021.
Moreover, the increasing investment in the construction industry and the growing demand for green building materials in North America are further anticipated to result in a demand rise for such materials.
Author Credits: Smruti Ranjan, Rajrani Baghel
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