Kuwait Rainscreen Cladding Market Size & Outlook
Kuwait rainscreen cladding market, 2018-2030 (US$M)
Related Markets
Kuwait rainscreen cladding market highlights
- The Kuwait rainscreen cladding market generated a revenue of USD 425.9 million in 2023 and is expected to reach USD 638.7 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 6% 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 425.9 million |
| Market revenue in 2030 | USD 638.7 million |
| Growth rate | 6% (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, Kuwait accounted for 0.3% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Rainscreen Cladding Market Scope
Rainscreen Cladding Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Kuwait 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 34.35% in 2023. Horizon Databook has segmented the Kuwait 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.
Rainscreen cladding market in Kuwait witnessed sluggish growth, owing to the declining oil prices, which had a negative impact on country’s economy. In addition, the government reduced oil production capacity in 2017, in order to match the output target set by Organization of Petroleum Exporting Countries.
This resulted in lower government revenue, which in turn reduced the government expenditure on infrastructure projects, consequently having adverse effect on the market growth. However, the market is expected to be supported by stable oil prices and increased oil production over the forecast period.
Construction industry in Kuwait is expected to grow at a steady pace, owing to healthy pipeline of project investments, coupled with long term planning by the government, and public investments in real estate. The government of Kuwait announced a major investment of USD 116 billion in five-year development plan (2016-2020).
Reasons to subscribe to Kuwait rainscreen cladding market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Kuwait rainscreen cladding market databook
-
Our clientele includes a mix of rainscreen cladding market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Kuwait rainscreen cladding market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait rainscreen cladding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Kuwait rainscreen cladding market size, by raw material, 2018-2030 (US$M)
Kuwait Rainscreen Cladding Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
