Rainscreen Cladding Market is expected to grow at a healthy CAGR of 7.5% in the forecast period 2020 to 2027. The years considered for study are as mentioned below.
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Global rainscreen cladding market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario.
The major players dealing in global rainscreen cladding market are introducing strong range of product portfolio. This has also helped the company to maximize the sales with enhanced product portfolio. For instance, in April 2018, Sotech Optima has collaborated with ALPOLIC to introduce a range of ALPOLIC A2 ACM rainscreen cladding in the U.K. market. It will help the company to expand its product portfolio and will able to meet the increasing demand of rainscreen cladding.
ROCKWOOL International A/S is the dominating player in the rainscreen cladding market. The other key players existing in the market includes Kingspan Group, Tata Steel, Danpal, Sotech Optima, Proteus Facades, Cladding Corp, NVELOPE, CENTRIA, FunderMax, Middle East Insulation LLC., Euro Panels Overseas N.V., Kingspan Group, TERREAL, CAREA Group, MERSON GROUP, Avenere Cladding LLC., HunterDouglas, Architectural Panel Solutions Limited and Bailey.
ROCKWOOL International A/S
ROCKWOOL International A/S is headquartered in Hedehusene, Denmark which was founded in 1909. The company performs its business from segments such as Insulation Segment and Systems Segment.
- In October 2018, the company has launched a modular stone wool wall system named as Rockzero which is strong and flexible both in the design and construction phases and achieves the highest levels of energy efficiency. It will help the company to expand its product portfolio and able to increase the customer base of the company.
The company has wide global presence across the globe such as Europe, North America, Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as ROCKWOOL Romania s.r.l. (Romania), LCC ROCKWOOL (Russia), ROCKWOOL Building Materials (Singapore) Pte Ltd. (Singapore), ROCKWOOL Peninsular S.A. (Spain), PAMAG Engineering AG (Switzerland) among others.
Kingspan Group:
Kingspan Group headquartered in Kingscourt, Ireland which was founded in 1966. The products offered by the company are insulated panels, insulation boards, light & air, water & energy, data & flooring.
For instance,
- In October 2019, Kingspan Group has acquired the SIG’s building solutions business. The acquisition was done for USD 41.86 million. SIG is a manufacturer of advanced cladding, trimform products, united roofing products, insulation brands and others. The acquisition will help the company to penetrate more into the market.
The company has wide global presence across the globe such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Kingspan Access Floors Ltd (U.K.), CPI Daylighting Inc. (U.S.), RCM Group Limited (U.K.), Kingspan B.V. (Netherlands), Kingspan Environmental Ltd. (U.K.), Kingspan Tarec Industrial Insulation Limited (U.K.), Kingspan Limited (Ireland) among others.
Tata Steel
Tata Steel has headquartered in Mumbai, India and it was founded in 1907. The company is engaged in producing steels from mining to the manufacturing.
The company has presence in India, Europe, Singapore, and Thailand. In addition to it, the company also generates its revenue from the various subsidiary companies such as Kalzip India Private Limited (India), Tata Steel Special Economic Zone Limited (India), Apollo Metals Limited (U.S), Automotive Laser Technologies Limited (U.K), Beheermaatschappij Industriele Produkten B.V. (EU) among others.
Recent Strategic Decisions
