Russia Rainscreen Cladding Market Size & Outlook
Russia rainscreen cladding market, 2018-2030 (US$M)
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Russia rainscreen cladding market highlights
- The Russia rainscreen cladding market generated a revenue of USD 2,024.7 million in 2023 and is expected to reach USD 2,988.9 million by 2030.
- The Russia 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 2,024.7 million |
| Market revenue in 2030 | USD 2,988.9 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, Russia accounted for 1.4% 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 Europe, Germany rainscreen cladding market is projected to lead the regional market in terms of revenue in 2030.
- Turkey is the fastest growing regional market in Europe and is projected to reach USD 1,606.0 million by 2030.
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Rainscreen Cladding Market Scope
Rainscreen Cladding Market Companies
| Name | Profile | # Employees | HQ | Website |
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Russia 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 37.68% in 2023. Horizon Databook has segmented the Russia 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 Russia experienced an adverse growth during the historic period due to the decline in construction activities as a result of the economic crisis caused by falling oil prices. These factors led to a reduction in the government expenditure on infrastructure development.
However, construction industry in the country registered a slight recovery in 2019 owing to the shift in government focus toward the manufacturing industry in order to reduce the reliance on oil exports. This, in turn, is anticipated to propel the demand for rainscreen cladding in the coming years.
Since infrastructure development is vital to the economy, the government intends to invest USD 364.4 billion in the Development of Transport Systems of Russia Program by 2020. Improved transportation in the country is further expected to boost residential and commercial construction activities, thereby driving the demand for rainscreen cladding over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Russia rainscreen cladding market , including forecasts for subscribers. This country databook contains high-level insights into Russia rainscreen cladding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia rainscreen cladding market size, by raw material, 2018-2030 (US$M)
Russia Rainscreen Cladding Market Outlook Share, 2023 & 2030 (US$M)
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