September 15, 2022 08:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
Wilmington, Delaware, United States, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - A study by Transparency Market Research (TMR) notes that the global non-combustible cladding market is prognosticated to reach a value of US$ 264.8 Bn by 2031. Furthermore, the study highlights that the market is expected to grow at a CAGR of 6.2% during the forecast period, from 2022 to 2031.
In non-combustible cladding, different types of materials such as steel, aluminum, fiber cement, and concrete and bricks are being utilized. Among all, the demand for products developed using aluminum is being increasing owing to its ability to offer a higher strength-to-weight ratio, which assists in producing panels that are sturdy and less bulky. Hence, rise in the demand for aluminum-based products is expected to play important role in the overall development of the global non-combustible cladding market during the forecast period.
Players in the non-combustible cladding market are focusing on the use of different strategies such as mergers, acquisitions, and product portfolio expansions in order to gain leading market position. Such efforts are expected to help in the rapid expansion of the fireproof cladding market share during the forecast period.
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Non-combustible Cladding Market: Key Findings
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Non-combustible Cladding Market: Growth Boosters
Non-combustible Cladding Market: Regional Analysis
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Non-combustible Cladding Market: Key Players
Some of the key players profiled in the report are:
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