India Rainscreen Cladding Market Size & Outlook, 2023-2030
India rainscreen cladding market, 2018-2030 (US$M)
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India rainscreen cladding market highlights
- The India rainscreen cladding market generated a revenue of USD 3,099.6 million in 2023 and is expected to reach USD 5,830.4 million by 2030.
- The India market is expected to grow at a CAGR of 9.4% 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 3,099.6 million |
| Market revenue in 2030 | USD 5,830.4 million |
| Growth rate | 9.4% (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, India accounted for 2.1% 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 Asia Pacific, China rainscreen cladding market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,830.4 million by 2030.
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Rainscreen Cladding Market Scope
Rainscreen Cladding Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 39.19% in 2023. Horizon Databook has segmented the India 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.
Improved GDP, significant population growth, and expanding industrial sector are the critical factors for the growth of construction sector in India. Increasing foreign direct investments in the country and a rise in the number of foreign companies entering the Indian market are expected to further boost the growth of this sector.
Government initiatives to develop smart cities are anticipated to aid this growth, thereby propelling the demand for rainscreen cladding over the forecast period. Residential construction is projected to witness the highest growth owing to rising population, increasing urbanization, and ascending investments in the sector by Non-Resident Indians (NRIs).
Ascending residential construction activities may bolster the demand for rainscreen cladding over the forecast period. However, low product penetration in the construction sector in India may restrain the market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the India rainscreen cladding market , including forecasts for subscribers. This country databook contains high-level insights into India rainscreen cladding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India rainscreen cladding market size, by raw material, 2018-2030 (US$M)
India Rainscreen Cladding Market Outlook Share, 2023 & 2030 (US$M)
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