Canada Rainscreen Cladding Market Size & Outlook
Canada rainscreen cladding market, 2018-2030 (US$M)
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Canada rainscreen cladding market highlights
- The Canada rainscreen cladding market generated a revenue of USD 8,162.1 million in 2023 and is expected to reach USD 13,442.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.4% 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 8,162.1 million |
| Market revenue in 2030 | USD 13,442.3 million |
| Growth rate | 7.4% (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, Canada accounted for 5.6% 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 North America, U.S. rainscreen cladding market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 13,442.3 million by 2030.
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Rainscreen Cladding Market Scope
Rainscreen Cladding Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 37.13% in 2023. Horizon Databook has segmented the Canada 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.
Canada rainscreen cladding market is expected to witness substantial growth owing to the rising construction industry in the country, primarily due to increasing population, urbanization, and increased rate of migration. According to the United Nations Department of Economic and Social Affairs (UNDESA), Canada’s population is expected to reach 37.6 million by the end of 2020 and 40.3 million by 2030.
The growth in population in Canada is expected to significantly boost residential construction sector over the forecast period. Unlike the U.S., Canada is expected to witness strong growth in demand for multi-family housing as compared to single-family housing.
The government’s efforts and investments to provide affordable housing to the lower classes through Canada Mortgage and Housing Corporation (CMHC) and Affordable Housing Initiative (AHI) program are anticipated to further boost the residential construction in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada rainscreen cladding market , including forecasts for subscribers. This country databook contains high-level insights into Canada rainscreen cladding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada rainscreen cladding market size, by raw material, 2018-2030 (US$M)
Canada Rainscreen Cladding Market Outlook Share, 2023 & 2030 (US$M)
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