Middle East & Africa Rainscreen Cladding Market Size & Outlook
Middle East & Africa rainscreen cladding market, 2018-2030 (US$M)
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MEA rainscreen cladding market highlights
- The MEA rainscreen cladding market generated a revenue of USD 9,057.4 million in 2023.
- The market is expected to grow at a CAGR of 7.2% 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.
- Country-wise, Oman is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 9,057.4 million |
| Market revenue in 2030 | USD 14,747.9 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Terracotta |
| Fastest growing segment | Metal |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 6.3% of the global rainscreen cladding market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 69,674.7 million by 2030.
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Rainscreen Cladding Market Scope
Rainscreen Cladding Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 36.14% in 2023. Horizon Databook has segmented the Middle East & Africa 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 Middle East & Africa is expected to face few challenges due to uncertainty regarding government spending on infrastructure projects. The rainscreen cladding market is expected to register moderate growth in line with the growth of the building & construction industry in the region.
The recovery of oil prices is lessening the burden on government finances, which in turn is expected to give rise to new models of development such as public-private partnership for infrastructure development. In addition, the presence of a significant consumer base in the economy is expected benefit market in terms of growth over the forecast period.
Construction sector in Middle East & Africa is expected to observe a rebound growth in forecast period owing to factors such as increase in investments, expansion of oil production, and improved weather conditions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa rainscreen cladding market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa rainscreen cladding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA rainscreen cladding market size, by country, 2018-2030 (US$M)
Middle East & Africa Rainscreen Cladding Market Outlook Share, 2023 & 2030 (US$M)
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