Bahrain Rainscreen Cladding Market Size & Outlook
Bahrain rainscreen cladding market, 2018-2030 (US$M)
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Bahrain rainscreen cladding market highlights
- The Bahrain rainscreen cladding market generated a revenue of USD 293.3 million in 2023 and is expected to reach USD 504.1 million by 2030.
- The Bahrain market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, terracotta was the largest revenue generating raw material in 2023.
- Metal is the most lucrative raw material segment registering the fastest growth during the forecast period.
Rainscreen cladding market data book summary
| Market revenue in 2023 | USD 293.3 million |
| Market revenue in 2030 | USD 504.1 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Terracotta |
| Fastest growing segment | Metal |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fiber Cement, Composite Material, Metal, High Pressure Laminates, Terracotta, Ceramic, Other Raw Materials |
| Key market players worldwide | Kingspan Group PLC, Compagnie de Saint-Gobain SA, Rockwool AS Class B, Fundermax, Nucor Corp, Dow Building Solutions, CAREA, CGL Systems, EcoEarth solutions, OmniMax International, Middle East Insulation |
Other key industry trends
- In terms of revenue, Bahrain accounted for 0.2% of the global rainscreen cladding market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia rainscreen cladding market is projected to lead the regional market in terms of revenue in 2030.
- Oman is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,341.2 million by 2030.
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Rainscreen Cladding Market Scope
Rainscreen Cladding Market Companies
| Name | Profile | # Employees | HQ | Website |
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Bahrain rainscreen 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 rainscreen cladding market will help companies and investors design strategic landscapes.
Terracotta was the largest segment with a revenue share of 38.94% in 2023. Horizon Databook has segmented the Bahrain rainscreen cladding market based on fiber cement, composite material, metal, high pressure laminates, terracotta, ceramic, other raw materials covering the revenue growth of each sub-segment from 2018 to 2030.
Construction sector in Bahrain is expected to exhibit a positive outlook owing to the upward trend in construction activities due to increasing public and private investments in infrastructure and residential projects. Government efforts to enhance transportation and public infrastructure is expected to aid the growth of construction industry.
In addition, the government aims to diversify country’s economy away from oil and support the economic growth through Economic Vision 2030, which is expected to further increase the expenditure for construction projects. These factors are anticipated to spur the product demand over the forecast period.
Bahrain’s construction sector is estimated to reach over USD 8 billion in 2019, according to Central Informatics Organization (CIO), owing to the massive investments in infrastructure and housing projects. Low oil prices are expected to pose a challenge to the economic growth of the country, resulting into low government revenue, which may have a negative impact on the construction industry, thereby adversely affecting the rainscreen cladding demand in Bahrain.
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Horizon Databook provides a detailed overview of country-level data and insights on the Bahrain rainscreen cladding market , including forecasts for subscribers. This country databook contains high-level insights into Bahrain rainscreen cladding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Bahrain rainscreen cladding market size, by raw material, 2018-2030 (US$M)
Bahrain Rainscreen Cladding Market Outlook Share, 2023 & 2030 (US$M)
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