Latin America Cladding Market Size & Outlook, 2021-2030
Latin America cladding market, 2018-2030 (US$M)
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Latin America cladding market highlights
- The Latin America cladding market generated a revenue of USD 17,530.6 million in 2021.
- The market is expected to grow at a CAGR of 5.4% from 2022 to 2030.
- In terms of segment, terracotta was the largest revenue generating product in 2021.
- Terracotta is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 17,530.6 million |
| Market revenue in 2030 | USD 28,169.8 million |
| Growth rate | 5.4% (CAGR from 2021 to 2030) |
| Largest segment | Terracotta |
| Fastest growing segment | Terracotta |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steel, Aluminum, Composite Material, Fiber Cement, Terracotta, Ceramic |
| Key market players worldwide | Kingspan Group PLC, Imax Corp, SFS Group AG, Nucor Corp, HAL Trust, Carea Facade, Architectural Cladding Australia, Riegler Riewe Architects, CGL Systems, Cladding Corp, Middle East Insulation, Shildan Group, Avenere Cladding |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.3% of the global cladding market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 142,446.1 million by 2030.
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Cladding Market Scope
Cladding Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America cladding market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cladding market will help companies and investors design strategic landscapes.
Terracotta was the largest segment with a revenue share of 28.14% in 2021. Horizon Databook has segmented the Latin America cladding market based on steel, aluminum, composite material, fiber cement, terracotta, ceramic covering the revenue growth of each sub-segment from 2018 to 2030.
The construction industry in Latin America is expected to witness substantial growth on account of the increasing investments in various infrastructure projects by foreign and domestic private players in the region.
The economies contributing significantly to the regional growth include Argentina, Brazil, Chile, Colombia, Mexico and Peru. Economic conditions of construction industry in the region are projected to improve primarily due to increasing investments in infrastructure, commercial, and industrial projects; nuclear energy; and renewable energy among others.
Hence, growing number of construction projects are expected to drive the demand for cladding in the region. The growth in construction industry in Latin America is attributed to private capital infrastructure developments due to public-private partnerships coupled with increasing per capita income in the region.
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Our clientele includes a mix of cladding market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America cladding market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cladding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America cladding market size, by country, 2018-2030 (US$M)
Latin America Cladding Market Outlook Share, 2021 & 2030 (US$M)
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