Colombia Rainscreen Cladding Market Size & Outlook
Colombia rainscreen cladding market, 2018-2030 (US$M)
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Colombia rainscreen cladding market highlights
- The Colombia rainscreen cladding market generated a revenue of USD 1,486.2 million in 2023 and is expected to reach USD 2,622.0 million by 2030.
- The Colombia market is expected to grow at a CAGR of 8.4% 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 1,486.2 million |
| Market revenue in 2030 | USD 2,622.0 million |
| Growth rate | 8.4% (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, Colombia accounted for 1.0% 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 Latin America, Brazil rainscreen cladding market is projected to lead the regional market in terms of revenue in 2030.
- Colombia is the fastest growing regional market in Latin America and is projected to reach USD 2,622.0 million by 2030.
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Rainscreen Cladding Market Scope
Rainscreen Cladding Market Companies
| Name | Profile | # Employees | HQ | Website |
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Colombia 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 30.88% in 2023. Horizon Databook has segmented the Colombia 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.
The construction industry in Colombia is expected to witness significant growth on account of the rising government investment and participation of private sector through private-public partnerships (PPPs). In addition, the implementation of several infrastructure projects under the private-public partnership laws is anticipated to complement the construction sector growth.
The growth in the construction industry in Colombia is supported by several infrastructural projects managed by the Fourth Generation (4G) program. In addition, the recapturing of residential and nonresidential construction investment is anticipated to have a positive impact on the rainscreen cladding market growth.
The residential construction in Colombia is driven by the increasing number of government-led affordable housing projects. In addition, the downside risk of corruption investigations is expected to aid the recovery of the construction industry, by increasing the number of projects undertaken in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Colombia rainscreen cladding market , including forecasts for subscribers. This country databook contains high-level insights into Colombia rainscreen cladding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia rainscreen cladding market size, by raw material, 2018-2030 (US$M)
Colombia Rainscreen Cladding Market Outlook Share, 2023 & 2030 (US$M)
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