The global rainscreen cladding market size is projected to reach USD 17,179.1 million by 2027, exhibiting a CAGR of 7.3% during the forecast period. Booming growth in the global construction industry will drive the progress of this market, finds Fortune Business Insights™ in its new report, titled “Rainscreen Cladding Market Size, Share & Industry Analysis, By Material (Composite Material, Metal, Terracotta, Fiber Cement, High Pressure Laminate, and Others), By End-Use (Commercial, Residential, Institutional, and Industrial), and Regional Forecast, 2020-2027”. A recent research study released by Oxford Economics and Global Construction Perspectives stated that global construction output value will reach USD 15.5 trillion by 2030, surging at a prolific 85% from current levels with the average year-on-year growth standing at 3.9%. According to the study, China, India, and the US will account for 57% of this rise, thereby driving the growth of the construction industry worldwide. Rainscreen claddings are vital components in a building as these materials provide a tough shield for the building’s exterior, protecting the inner layers from harsh weather agents and anomalies such as storms. Thus, expansion of construction activities across the globe will augur well for the growth of this market in the forthcoming years.