The Cladding Systems Market is an industry that manufactures and installs various types of cladding solutions for buildings and other structures. Cladding is an important part of the construction process because it provides good insulation and weather protection. It is suitable for usage in both business and residential structures, as well as for outdoor applications such as balcony cladding and roofing. Cladding materials commonly utilised include aluminum, stainless steel, zinc, copper, stone, and wood.
The cladding systems market has been dominated by large players such as Compagnie de Saint-Gobain S.A. (France), DowDuPont (US), Tata Steel Limited (India), Arconic (US), Westlake Chemicals (US), Etex Group (Belgium), James Hardie Industries PLC (Ireland), CSR Limited (Australia), Nichiha Corporation (Japan), Boral Limited (Australia), Cembrit Holding A/S (Denmark), Louisiana Pacific Corporation (US), and Kingspan PLC (UK). These players have adopted various growth strategies such as expansions, investments, divestments, new product developments, acquisitions, partnerships, agreements, and joint ventures to increase their market shares and enhance their product portfolios.
The strategies of expansions, acquisitions, and new product launches together accounted for the largest share of all the strategic developments that took place in the cladding systems market between 2016 and 2021. Key players such as Compagnie de Saint-Gobain S.A. (France), DowDuPont (US), Tata Steel Limited (India), Arconic (US), Westlake Chemicals (US), Etex Group (Belgium), James Hardie Industries PLC (Ireland) adopted these strategies to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the cladding systems market.