Research Nester published a report titled “Fiber Cement Rainscreen Panels Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global fiber cement rainscreen panels market in terms of market segmentation by type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global fiber cement rainscreen panels market is anticipated to attain a CAGR of ~13% over the forecast period, i.e., 2022 – 2031. The market is segmented on the basis of application into residential, commercial, industrial, and others, out of which, the residential segment is anticipated to hold the notable share over the forecast period. This can be attributed to the growing use of rainscreen panels in houses, as it reduces the energy costs significantly, and provide durability, and resistance against weather conditions.
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The global fiber cement rainscreen panels market is estimated to grow on the back of the efficiency of fiber cement rainscreen panels to protect walls from rain, moisture, and wind loading. Moreover, fiber cement provides strength and durability to the panels, making them last longer. Further, the growing demand for rainscreen panels for thermal insulation is also estimated to boost the market growth. In addition to this, fiber cement rainscreen panels can save energy, which is why, they are being intensively adopted in zero-energy buildings, which is projected to boost the market growth.
On the basis of geographical analysis, the global fiber cement rainscreen panels market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the high demand for rainscreen panels to insulate houses from the extreme cold temperature in countries, such as, Canada, and the United States. Moreover, the growing construction activities, backed by growing urban population, is estimated to boost the regional market growth.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Increasing Adoption of Panels in Net Zero-Energy Building to Boost the Market Growth
Fiber cement rainscreen panels reduce the consumption of energy in a household, as they provide thermal insulation, reducing the energy required to heat the building. This is why, it is being increasingly adopted to save energy. Moreover, growing environment awareness amongst the people is further expected to elevate the market growth.
However, high installation costs of rainscreen panels is expected to operate as key restraint to the growth of global fiber cement rainscreen panels market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global fiber cement rainscreen panels market which includes company profiling of Evonik Industries AG, James Hardie Industries plc, Cladding Corp, American Fiber Cement Corporation, Saint-Gobain SA, Etex Group NV, Cembrit Holding A/S, SANLE Group, Middle East Insulation LLC, and Guangdong Soben Green Building Systems Co., Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global fiber cement rainscreen panels market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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