Market Research Blog

The Mobile Laser Scanning market is projected to grow at an expected CAGR of 12.2% during the forecast period 2021-2031. Mobile laser scanning (MLS) is an emerging technology. It is also referred as a method of land surveying.

The technology is capable of capable of capturing 3-D data from surrounding objects. The MLS systems can be mounted on land-based vehicles such as trains, trucks, cars, airborne vehicles such as helicopters and UAVs. There is a lot of time taken by the traditional surveying process and this also interrupts the day-to-day traffic activities. The traditional surveying process also requires many on-site workers. In that scenario, Mobile laser scanners can be very helpful in reducing the time and money spent on surveys. Further, users can save on project budget for other operations and processes.

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The main application of these scanners are in civil engineering in urban areas, traffic and urban planning. Due to growing demand of 3D city modeling, mobile laser scanner market is expected to grow at a significant rate.

What is Driving Demand for Mobile Laser Scanning?

In emergency response situations, MLS systems are used to analyze ground conditions quickly for mapping projects like Google Maps and Street View. The survey of areas, which are not safe or accessible for teams, is done by mobile laser scanning technology.

MLS systems immediate information, improves accuracy and quality and also help in cutting the cost. Such factors will drive the market of mobile laser scanning in upcoming years.

Mobile laser scanning streamlines coordination on a site of project, which leads to a better decision making. The MLS systems capture every details or data, which can be used for renovations, demolitions, building additions and building operations. This is one of the factor, fueling the demand of mobile laser scanning globally.

What are the Key Trends for Mobile Laser Scanning?

Construction industry is adopting MLS systems for collecting accurate measurements mm to cm apart. The MLS technology has advantages of capturing comprehensive feature informations and fast-tracking a project, which makes these systems suitable for mining survey, architecture and civil engineering.

There are different types of land surveyors investing in new technologies such as mobile laser scanning around the world. Such trends are helping the MLS market to grow during the forecast period.

In the developed economies, there is an increase in demand for reliable and efficient mobile laser scanning. Due to high purchasing power, the trend is highly evident in developed economies across the globe.

Mobile laser scanning equipment are also used for surveying applications in the natural sciences field, where the requirements include mobility and precision in variable terrain conditions. Such trends are continuously contributing to the growth of MLS market.

North America Demand Outlook for Mobile Laser Scanning

North America has majority of the key vendors of MLS solutions. This is one of the major factor driving the market growth. All the major companies in construction industry are moving towards the adoption of MLS solutions for 3D laser scanning.

The growing demand for surveys in the region through MLS solutions has opened new growth avenues for its market. Most of the states in Canada and United States are making strides and tops in the implementation of mobile laser scanning technology.

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Middle East & Africa Demand Outlook for Mobile Laser Scanning

Middle East & Africa is expected to witness a high growth as the region is witnessing high demand of Mobile Laser Scannings. There is an increase in use of laser scanning technologies by prominent surveying companies for surveying of lands, which will further fuel the growth of MES market in the region.

Various countries in Middle East is focusing on the digitalization of their assets through developing new infrastructures and 3-dimensional scanning techniques. Due to such factors, the market of MLS solution will see many opportunities for growth in this region in upcoming years.

Who are the Key Mobile Laser Scanning Vendors?

Some of the leading vendors of mobile laser scanning include

• 3D Digital Corporation
• Carl Zeiss Optotechnik
• Creaform
• FARO Technologies
• Maptek
• Trimble
• RIEGL Laser Measurement Systems
• Teledyne Technologies, Topcon
• Hexagon, and Zoller Germany and others are some of the key players in the market.

Mobile Laser Scanning Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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Key Segments

By Solution:

• Mobile Laser Scanning System
• Inertial Measurement Systems
• Mobile Mapping Platforms
• GPS/Positioning Systems
• Mobile Laser Scanning Services

By Applications:

• Architecture
• Civil Engineering
• Mining Survey
• Forestry & Agricultural Survey
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa

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The global solid state lighting system market is expected to generate approximately US$ 89,077.2 million by 2032, up from US$ 36,480.8 million in 2022, with a CAGR of 9.3% over the forecast period.

Solid-state lighting (SSL) are the type of lighting which features semiconductor light-emitting diodes (LEDs), polymer light-emitting diodes (PLED) or organic light-emitting diodes (OLED), as sources of lighting instead of plasma i.e. used in arc lamps such as fluorescent lamps, electrical filaments, , or gas. Solid state lighting system has the potential to reduce lighting energy consumption globally, as they are ten times more efficient than incandescent lighting and twice as efficient as fluorescent lighting. Some other features which attract consumers for adoption of solid state lighting systems include low power consumption, ability to withstand strong vibrations, no mercury content, no or minimum UV and IR radiation, ultra-long source life and digital controllability. Increasing application of solid state lighting systems in automobiles is a factor that is expected to drive the growth in the coming years.

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Global Solid State Lighting System Market: Drivers and Challenges 

Standard regulations and increasing awareness among the population about the key features of solid state lighting systems are the factors expected to encourage the adoption of solid state lighting globally impacting positively to the global solid state lighting systems market during the forecast period. The innovative new products are compact and have interchangeable modules that addresses few of the barriers to widespread adoption of LED technology that includes precise current and heat management and the necessary optical design for superior illumination.

The unique format allows lighting fixture OEMs to convert their current fixture designs for LEDs and be ready for future LED technology advances. Smart lighting systems, both outdoors in public spaces such as roads and parking lots and indoors in office buildings and warehouses, are essential in moving forward and in which solid state lighting systems is playing a prime role.

With increasing number of offering in the lighting space and rising number of local players in the market it is becoming a challenge for the vendors to offer lighting solutions for the customer at a competitive price featuring all the advanced technologies in it.

Global Solid State Lighting System Market: Regional Outlook 

On the basis of regions, global solid state lighting system market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.

Asia Pacific is likely to continue its lead position over the forecast period. The growth of this regional market is largely fuelled by economic development in China, India, and Indonesia. The continuous penetration of consumer electronics is among the key factors for the healthy pace of growth of the Asia Pacific market. North America holds a notable share in the market as it is home to several key vendors for solid state lighting.

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Global Solid State Lighting System Market: Competition Landscape 

Some of the key players for solid state lighting system market are General Electric Company, Osram Licht AG, Seoul Semiconductor Co., Ltd., Intematix Corporation, Bridgelux, Inc., Cree, Inc., Acuity Brands Lighting, Inc., Advanced Lighting Technologies, Inc., Energy Focus, Inc., LED Engin, Inc., Toyoda Gosei Co., Ltd., TCP International Holdings Ltd., Aixtron Se, Samsung Electronics Co. Ltd., Panasonic Corporation, Mitsubishi Electric Corporation, Eaton Corporation, NICHIA Corporation, Koninklijke Philips N.V., and Applied Materials Inc., and Bright Light Systems

Key Segments Profiled In The Solid State Lighting System Market Survey

By Technology:

• LEDs
• High Intensity Discharge (HID) Lighting
• Others

By Application:

• General Lighting
• Automotive Lighting
• Others

By Sector:

• Residential
• Commercial
• Industrial
• Outdoor
• Others

By Region:

• North America
• Latin America
• Asia Pacific
• Middle East and Africa
• Europe

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The calendered polyvinyl chloride flexible films market looks all set to hit a massive valuation of US$ 28240 million in 2032. The market is expected to grow at a fair CAGR of 5.3% during the forecast period, and is estimated at US$ 16850 million as on 2022.

The calendered polyvinyl chloride flexible films are one of the most widely used products for building and construction. Owing to their quality and safety, the sales of calendered polyvinyl chloride flexible films are expected to surge during the forecast period.

Safety becomes a very important parameter when dealing with products in large numbers. The calendered polyvinyl chloride flexible films offer high safety. Presence of chlorine ensures that the product does not ignite easily.

Apart from the number of advantages offered by calendered polyvinyl chloride flexible films, these are cost effective as well. Moreover, the ability to be manipulated into desired shapes and sizes is expected to increase the demand for calendered polyvinyl chloride flexible films.

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One of the most important benefits of calendered polyvinyl chloride flexible films are that these do not conduct electricity. This allows manufacturers to provide a packing which is both fire and current resistant.

The calendered polyvinyl chloride flexible films are used in large numbers for the manufacture of tamper resistant seals. The usage of these seals display genuity of the product.

The application of calendered polyvinyl chloride flexible films ensures that the product has no side effects on the environment, as tested by FDA, CPSC and ISS. These factors might surge the sales of calendered polyvinyl chloride flexible films in the forecast period.

These films are majorly used for packaging meat and many other kinds of fresh perishable food items.

Thus, from the analysis of Future Market Insights, it is quite clear that “A rapid surge in the infrastructural activities worldwide coupled with immense increase in the growth of food packaging industry and many other factors are expected to drive the market of calendered polyvinyl chloride flexible films.” 

Key Findings

• The expected CAGR for the calendered polyvinyl chloride flexible films market during the forecast period is 5.3%.
• The anticipated market size of calendered polyvinyl chloride flexible films in 2032 is US$ 28240 million.
• The market size of calendered polyvinyl chloride flexible films as on 2022 is US$ 16850 million.
• Asia Pacific is the largest market for calendered polyvinyl chloride flexible films.
• Based on end-use the consumer goods segment has the highest market share.

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Competitive Landscape in the Calendered Polyvinyl Chloride Flexible Films Market

With a view to expand footprints, and to serve many other sectors, the key players are currently involved in mergers and acquisitions. The expansion of portfolio would ensure that the specialty compounds are included as well, apart from the existing PVC materials.

• Teknor Apex June 2022, Teknor Apex announced NEW Sarlink R2 3180 B TPV with 25% recycled content. This multipurpose TPV contains high quality Post-Industrial Recycled content processes.
• Hexis SAS June 2022, Hexis visted La Fabrique in Paris, which is a French school for decoration and fashion industry. The students created a window display with Hexis products, in line with the 2022 decoration trend
• Renolit SE May 2022, Renolit SE and Sobernheimer Rohstoff Kontor Gmbh have founded a joint venture, KAS Kunststoff Aufbereitung Bad Sobernheim GmbH to jointly distribute PVC recyclates derived from production residues.

Key Companies Profiled

• Mississippi Polymers, Inc.
• Teknor Apex Company, Inc.
• Canadian Speciality Vinyls
• South Asia Plastics Group
• ACG
• Caprihans India Limited
• Mondorevive S.p.a.
• ALFATHERM SpA
• HEXIS S.A.S.
• ZHONGSHAN LIN-YANG PLASTIC CO.LTD.
• RENOLIT SE

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Market Segmentation

By End-Use:

• Pharmaceutical
• Medical
• Automotive
• Building & Construction
• Consumer Goods
• Industrial

By Region:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global safety reporting systems market is expected to reach US$ 10889.8 million by 2032, growing at a CAGR of 13.5% during the forecast period (2022-2032). Nowadays, significant commitment towards safety monitoring is made in enterprises to ensure that organizations are continuously improving their processes. One feature of a safety reporting system is that it constantly tracks quality measures regarding service, product or workflow processes in an enterprise which are further shared with employees on regular basis to motivate and guide them to improve productivity.

Another feature is associated with the safety which includes incident prevention by identifying and controlling risk hazards. The tools and processes used in safety reporting systems are documentation control, incident reporting, training management, equipment management, and record maintenance.

In safety reporting systems, in terms of safety, workflow processes are meant to identify legal requirements and comply with them. Whereas, in the terms of quality, focus is majorly on determining customer requirements and regulatory compliance. safety reporting systems are majorly incorporated in healthcare and hospitality enterprises.

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Safety Reporting Systems Market: Drivers and Restraints 

Increased safety regulations by government bodies, multiple statutory and legal requirements, and rising investment of enterprises in these systems to provide better customer experience and better working experience for employees are some major factors driving the growth of safety reporting systems market.

Furthermore, factors such as transformation of medical care delivery owing to patient-centric healthcare policies and rise in implementation of automation and interconnectivity processes over manual processes are also driving the growth of safety reporting systems market.

High initial investment and complex solutions to comply with few legal and government regulatory are causing hindrance in the growth of safety reporting systems market.

Safety Reporting Systems Market: Segmentation 

safety reporting systems market can be segmented on the basis of delivery mode, end user vertical, and region wise. On the basis of delivery mode it can be further segmented into on premise and on demand/cloud services.

End user category includes Healthcare, Manufacturing, Hospitality, Construction, Energy and Utility, and others. Region wise, safety reporting systems market can be segmented into North America, Latin America, Asia Pacific, Japan, Eastern Europe, Western Europe, and Middle East & Africa.

Safety Reporting Systems Market: Regional Overview 

North America and European region are having highest market and are expected to dominate the safety reporting systems market in the future, due to presence of big healthcare and manufacturing enterprises in these regions.

Asia Pacific region safety reporting systems market is identified as the fastest growing market owing to growth of huge investments and outsourcing of pharmaceutical organisations in this region. Latin America and Middle East region is also catching up with this market at a considerable pace and is expected to grow in the near future due to increase in awareness of safety and quality standards.

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Safety Reporting Systems Market: Key Players 

Productivity-Quality Systems, Inc., IBM Corporation, Enablon, Alcumus Group Ltd, Gensuite LLC., Abbott Laboratories,SAP SE, and Intelex Technologies are some of the key players in safety reporting systems market.

Key Segments

By Delivery Mode:

• On-premise
• Cloud-based

By Solution Type:

• Software
• Services

By End-User Industries:

• Energy Utility
• Hospitality
• Healthcare
• Manufacturing
• Construction
• Others

By Enterprise Type:

• Small and Medium Enterprise
• Large Enterprise

By Region:

• North America
• Latin America
• Asia Pacific
• Middle East and Africa
• Europe

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global smart electric meter market is expected to be worth US$ 20,983.3 million in 2022, with a CAGR of 10.0% during the forecast period. By 2032, the market is expected to be worth US$ 54,254.7 million.

Rising demand for accurate billing together with efforts towards energy conservation has enlarged the global smart electric meter market. The rapid growth of electricity network along with growing investment in smart grid has further complemented the business landscape for Smart electric meter market. With smart electric meters, utility firms can improve their revenue collection through accuracy in billing.

The demand of Smart Electric Meter in applications of distribution, automation and Renewable Energy integration has been a recent trend in the Smart Electric Meter Market. An upcoming project on electric fuel for cars will further increase the demand of smart electric meters in the market.

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Smart electric meter Market: Drivers and Challenges

The increase in electricity demand is driving the growth of the global smart electric meter market as governments use the technology to reduce energy consumption and make use of available energy to improve access to electricity to people in areas not connected to grid power. Increasing energy prices and growing instances of electricity theft is also a driver which will further boost Smart electric meter demand.

The wireless signals from these smart electric meters lead to health problems making this a major challenge in the market. Other challenges for smart electric meter market would include regulatory constraints and fierce competition among other players in global smart meter market.

Smart electric meter Market: Competition Landscape

Key Contracts:

In June 2017, Comverge a company famous for its integrated cloud-based demand response, energy efficiency and customer engagement solutions was acquired by Itron which provides solutions to measure, manage and analyze energy and water through smart electric meters and smart meters.

In September 2015, Aclara acquired General Electric’s electricity metering business. The acquisition strengthened Aclara position in smart electric meter market. Aclara is famous for its metering in North American region specifically.

Key Players

Major industry participants in Smart electric meter market include Seimens, Itron, Schneider Electric, Landis+GYR, Holley Metering, Iskraeeco, Osaki Electric, Sensus Sentec, Neptune Technology, Honeywell International, Badger Meter, Elster Group and Tableau Software among others.

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Regional Overview

North America is expected to be the largest market for Smart electric meter due to major growth in the market. The main reason for this is the growth in infrastructure, strict government policies and the emergence of smart cities.

Asia Pacific is expected to manifest high-growth over the foreseeable future. Europe and the Middle East and Africa can be seen emerging in this market.

Key Segments in the Smart Electric Meter Market

By Product:

• Smart Electric Meter
• Smart Water Meter
• Smart Gas Meter

By End-Use:

• Residential
• Commercial
• Industrial

By Phase:

• Single
• Three

By Region:

• North America
• Latin America
• Asia Pacific
• MEA
• Europe

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The scintillators market is expected to grow at a 4.5% CAGR during the forecast period, rising from US$ 523.2 Mn in 2022 to US$ 812.8 Mn by 2032. The growth of the scintillators market is dependent on a variety of factors, but the demand for monitoring molecular and atomic particles and sub-particles is expected to drive sales during the forecast period.

With technological innovations the increasing demand for the knowledge of micro particles, radiation detection and monitoring devices is served by scintillators. Knowledge of subatomic particles provides knowledge at molecular and atomic level, which has its applications in sectors where sensing is needed.

Scintillators, exhibiting luminescence, when used in conjunction with detectors provides information about things by studying their molecular structure. The electrical pulse generated by the absorption of the light wave by the detector, yields important information about the micro particles under study.

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Scintillators, thus, has its major applications in medical and experimental sectors. The study of nuclear particles yield information about the material at subatomic particle, which gives the information about the age, structural alignment etc. of the material. The information provided by scintillators is used to carry out experiments and gain the required knowledge.

Scintillators Market: Drivers and Restraints

The increasing number of nuclear power plants increases the demand for nuclear particle and radiation detectors, which acts as a driver for the global scintillators market. The cost effectiveness of scintillators also increases the adoption of scintillators. In addition to that, scintillators has applications in multiple sectors.

The non-proportionality between the input and the output results does not result in a 100% efficiency and a rather distorted result. This acts as a restraint for scintillators market. In addition to that, the detectors work under a specified spectral range, which limits the complete functionality of the scintillators.

Global Scintillators Market: Market Segmentation

Global Scintillators Market can be divided into three segments: by type, by applications and by region.

Segmentation on basis of Type for ScintillatorsMarket:

The major segments of Scintillators market on basis of type include:

• Organic scintillators: In Organic type scintillators, the luminescence decays in a few nanoseconds. A plastic or a liquid scintillator is produced when organic scintillators are dissolved in an organic solvent.
• Inorganic Scintillators: Scintillation process in inorganic scintillators is comparatively slow when compared to organic scintillators. These are mostly used to detect X-rays or in medical physics and security. BGO is a pure inorganic scintillator.
• Gaseous Scintillators: The de-excitation of excited single atomic particles exhibit the scintillation process in gaseous scintillators.

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Segmentation on basis of Applications for ScintillatorsMarket:

The major segments of Scintillators market on basis of applications include:

• Radiation detectors
• Heath care
• Petroleum
• National security
• High Energy particle experiments
• Astrophysics

Global Scintillators Market Technology Trends

Scintillators in integration with nanophotonics improves the performance of scintillator detectors by increasing their light extraction capacity. Moreover, some of the new advancements in the scintillators are fast decay times and high light yield capacity. The introduction of handheld operating scintillators, with the advancements, have resulted in the mobility and portability of the product.

Global Scintillators Competitive Landscape

In July 2017, after a strategic partnership of Zecotek Photonics Inc. with EBO optoelectronics, Zecotek received an order worth US$ 1.2 million for their patented LFC scintillation crystals. Zecotek focused on improving their product’s technology and their presence in China with this partnership.

Market Players

Some of the major global Scintillator market players include Saint-Gobain, Zecotek Photonics Inc., Ludlum Measurements, Inc., Hamamatsu Photonics K.K., RMD, Mirion Technologies, Inc. and Hitachi Metals, Ltd.

Regional analysis for Global Scintillators Market includes

• North America Market
• Latin America Market
• Western Europe Market
• Eastern Europe Market
• Asia Pacific Market
• Japan Market
• Middle East and Africa Market

Key Segments

Product Type:

• Organic Crystals
• Organic Liquids
• Plastic Scintillators

Application:

• Radiation Detection
• Medical Imaging
• Others

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Global demand for Large Format Display (LFD) is expected to be valued at US$ 13,564.2 Million in 2022, rising at a 5.8% CAGR to US$ 23,876.3 Million from 2022 to 2032. Growth is attributed to an increase in digital signage applications.

Continuous advancement in display technology is creating demand for better picture quality displays for residential, commercial, industrial as well as educational purpose. Large format displays offer high resolution picture quality which create a lasting experience. Large format displays are used for several purposes such as for projecting posters, advertisements or general messages for customers. Furthermore, interactive features such as touchscreen capabilities make these displays a primary choice for commercial purpose.

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Large format displays market is witnessing rapid technological changes, for instance, introduction of electronic paper large format displays. These are low power, ultra-thin and sunlight readable which makes them ideal for use in outdoor applications in transportation, retail and gas stations among others.

Large Format Display Market: Drivers and Restraints

Primary driver for large format displays is the availability of ultra-high definition displays with enhanced readability features. These features help display pristine image quality with readability from virtually every angle. Also, large format display is making big impact on digital signage market. Retail is one of the most important segments driving the growth of large format displays.

However, high cost deter many end-users to adopt these large format displays. Instead they opt for low cost LCD displays. Also, fluctuating prices of display panels and alternative wide screen options also hamper the growth of market.

Global Large Format Display Competitive Landscape

Some of the major Large Format Display vendors include Barco NV, E Ink Holdings, Inc., Leyard Optoelectronic Co., Ltd., LG Display Co., Ltd., NEC Corporation, Samsung Electronics Co., Ltd., Sharp Corporation, Sony Corporation and TPV Technology Ltd. and among others.

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Key Segments Profiled In The Large Format Display (LFD) Industry Survey

Large Format Display (LFD) Market By Technology:

• Large Format Display (LFD) with LED backlit display
• Large Format Display (LFD) with OLED
• Large Format Display (LFD) with e-Paper

Large Format Display (LFD) Market By Type:

• Video Wall Large Format Display (LFD)
• Standalone Large Format Display (LFD)

Large Format Display (LFD) Market By Application:

• Indoor Large Format Display (LFD)
• Outdoor Large Format Display (LFD)

Large Format Display (LFD) Market By End-User:

• Commercial Large Format Display (LFD)
• Retail Large Format Display (LFD)
• Hospitality Large Format Display (LFD)
• Healthcare Large Format Display (LFD)
• Government, and Command and Control Centers Large Format Display (LFD)
• Infrastructural Large Format Display (LFD)
• Sports and Entertainment Large Format Display (LFD)
• Transportation Large Format Display (LFD)
• Industrial Large Format Display (LFD)
• Educational Large Format Display (LFD)
• Others

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Large Format Display (LFD) Market By Region:

• North America Large Format Display (LFD) Market
• Latin America Large Format Display (LFD) Market
• Europe Large Format Display (LFD) Market
• Asia Pacific Large Format Display (LFD) Market
• Middle East & Africa Large Format Display (LFD) Market

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

1. Market Background

3.1. Market Dynamics

3.2. Scenario Forecast

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global rainscreen cladding market is expected to reach a market valuation of US$ 135.89 Billion by the year 2022, accelerating with a moderate CAGR of 7% by 2022-2032. Rainscreen cladding market size is anticipated to be valued at about US$ 267.32 Billion by 2032 end.

The demand for rainscreen cladding structures is projected to be fueled by the increased need for the aesthetic appeal of new and refurbished buildings as well as protection against fire, precipitation, and air. The rainscreen cladding market is projected to increase because to the growing need for improved moisture management and energy-efficient building solutions.

Additionally, rainscreen cladding aids in reducing thermal movement through the wall and hot and cold air flow, preventing overheating in the summer and assisting in the maintenance of a warm and constant interior temperature in the winter. This is driving the demand for rainscreen cladding.

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The rainscreen cladding market is anticipated to be driven by rising consumer demand for products with better moisture control capabilities and energy efficiency. In addition, both established and developing countries are seeing an increase in the development of non-residential structures like offices and institutions as well as a change in the trend toward safeguarding outside walls. The COVID-19 crisis-induced economic downturn has resulted in poor investor confidence and a fall in industrial operations, which has hindered the rainscreen cladding industry’s ability to grow.

The demand for rainscreen cladding is increasing as a result of changing consumer trends toward the protection of outside walls in residential, commercial, and non-residential structures, including workplaces and institutions.

The inability of rainscreen cladding solutions to handle air pressure gradients is a significant flaw in their design. The surface of a cladding wall would be exposed to strong wind forces if the exterior of the wall is not airtight. Airflow and moisture are confined to wall cavity chambers, which is generated between these furring strips, and are the principal drawbacks of a normal end-use industry for rainscreen cladding. The air does not cross between the compartments. This is restraining the rainscreen cladding market growth.

Key Takeaways from Market Study

• In 2021, the terracotta raw material market held the largest rainscreen cladding market share, accounting for more than 35.5 percent of worldwide revenue.
• In 2021, the rainscreen cladding market was headed by the official construction industry, which brought in 33 percent of the total income.
• In 2021, the market was headed by the Europe region, which generated more than 30.5 percent of worldwide revenue.
• Due to an increase in the construction of new power plants, social infrastructure, commercial projects, and shale gas exploration activities, the demand for rainscreen cladding in North America is anticipated to increase significantly during the forecast period.

Competitive Landscape

The rainscreen cladding market is quite competitive because there are so many regional and international companies. The obstacles for the market’s incumbent players are changes in the pricing of raw materials and the strategy of new competitors. The keys to surviving in a competitive climate are ongoing R&D and cutting-edge process practises.

In order to maintain competitiveness and bring down the price of rainscreen cladding overall, major competitors in the rainscreen cladding market are concentrating on mergers, acquisitions, and joint ventures. Players provide structural planning and installation services to meet consumer demand for cutting-edge rainscreen cladding solutions for structures.

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Recent Developments in Rainscreen Cladding Market

• In response to demand from architects and specifiers looking for distinctive façade systems, Proteus Facades, a renowned supplier of high-quality rainscreen cladding systems, announced its debut into the U.S. rainscreen cladding market in April 2021. This next expansion for the business, which has a history of providing rainscreen cladding for some of the most well-known construction projects in the UK, was motivated by significant investment in its production capabilities and demand for unusual façade designs.
• For up to US$ 87.77 million in December 2021, Brickability Group acquired Taylor Maxwell Group, one of the UK’s top suppliers of wood and façade solutions to the building industry. By bringing timber and cladding to the Group through the acquisition of Taylor Maxwell, Brickability will be able to provide a wider choice of products, and its competitive advantage in certain markets will allow for possible organic growth in the future.

Rainscreen Cladding Market by Segmentation

By Raw Material:

• Fiber Cement
• Composite Material
• Metal
• High-pressure Laminates
• Terracotta
• Ceramic
• Others

By Application:

• Residential
• Commercial
• Official
• Institutional
• Industrial

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
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