Qatar Rainscreen Cladding Market Size & Outlook, 2023-2030
Qatar rainscreen cladding market, 2018-2030 (US$M)
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Qatar rainscreen cladding market highlights
- The Qatar rainscreen cladding market generated a revenue of USD 860.8 million in 2023 and is expected to reach USD 1,537.9 million by 2030.
- The Qatar market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, terracotta was the largest revenue generating raw material in 2023.
- Other Raw Materials 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 860.8 million |
| Market revenue in 2030 | USD 1,537.9 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Terracotta |
| Fastest growing segment | Other Raw Materials |
| 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, Qatar accounted for 0.6% 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 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.
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Rainscreen Cladding Market Scope
Rainscreen Cladding Market Companies
| Name | Profile | # Employees | HQ | Website |
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Qatar 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 35.2% in 2023. Horizon Databook has segmented the Qatar 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 economic growth in Qatar is expected to be driven by easing of financial constraints, coupled with rising energy prices, ongoing investments in the upgradation in country’s infrastructure before FIFA World Cup which is going to be held in 2022, and commencement of operations at Barzan gas facility by 2020.
In addition, rapid population growth and development of new cities like Lusail will stimulate the infrastructure development in the country, leading to rise in construction activities. Qatar National Vision (QNV) 2030 and FIFA World Cup 2022 are likely to be the key drivers for the growth of construction industry in Qatar.
The country aims to become a developed nation by diversifying its economy to achieve sustainable development and raise the standard of living of its population through Vision 2030. Increasing government investments in infrastructural development in the wake of FIFA World Cup 2022 is expected to stimulate the growth of construction industry, thereby driving the product demand.
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Our clientele includes a mix of rainscreen cladding market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Qatar rainscreen cladding market , including forecasts for subscribers. This country databook contains high-level insights into Qatar rainscreen cladding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Qatar rainscreen cladding market size, by raw material, 2018-2030 (US$M)
Qatar Rainscreen Cladding Market Outlook Share, 2023 & 2030 (US$M)
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