Cladding Market: Driving Growth in Building & Construction Innovations
The global cladding market size is expected to reach USD 386.04 billion by 2030, as per a new report by Grand View Research Inc. The market is expected to register a CAGR of 7.3% from 2024 to 2030. Increasing construction spending, particularly for non-residential applications such as office and commercial sectors, is expected to drive the adoption of claddings, thereby driving market growth. Rising consumer demand for aesthetically attractive residences, along with significant growth in single and multi-family building units due to population growth is expected to drive industry growth. Furthermore, the increasing use of lightweight materials to promote energy savings in households and workplaces is expected to drive market expansion throughout the forecast period. The market has struggled due to the underperformance of its end-use sectors such as industrial, residential, and commercial construction due to trade restrictions caused by the...