Japan Rainscreen Cladding Market Size & Outlook, 2023-2030
Japan rainscreen cladding market, 2018-2030 (US$M)
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Japan rainscreen cladding market highlights
- The Japan rainscreen cladding market generated a revenue of USD 5,190.2 million in 2023 and is expected to reach USD 7,628.2 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.7% 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 5,190.2 million |
| Market revenue in 2030 | USD 7,628.2 million |
| Growth rate | 5.7% (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, Japan accounted for 3.6% 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 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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Japan 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 39.09% in 2023. Horizon Databook has segmented the Japan 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.
Sluggish economic growth in Japan due to a slump in private sector demand net trade is expected to have a negative impact on new construction activities in the country, which is likely to hamper the growth of rainscreen cladding market. Furthermore, the country experienced spillover effects of the slowdown in the economy of China, which had a negative impact on the commodity trade between China and Japan.
Despite the weakness in domestic consumption and business investments, improvements in the rate of employment and rising per capita income are expected to result in a modest economic recovery in Japan over the forecast period. This, in turn, is anticipated to stimulate the product demand in the country.
Declining growth of the construction sector owing to the slowdown in residential construction activities in Japan is expected to negatively impact the demand for rainscreen cladding over the forecast period. However, government investments in the expansion of electricity capacity and bullet train network are projected to boost infrastructure development activities in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan rainscreen cladding market , including forecasts for subscribers. This country databook contains high-level insights into Japan rainscreen cladding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan rainscreen cladding market size, by raw material, 2018-2030 (US$M)
Japan Rainscreen Cladding Market Outlook Share, 2023 & 2030 (US$M)
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