Saudi Arabia Rainscreen Cladding Market Size & Outlook
Saudi Arabia rainscreen cladding market, 2018-2030 (US$M)
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Saudi Arabia rainscreen cladding market highlights
- The Saudi Arabia rainscreen cladding market generated a revenue of USD 2,486.7 million in 2023 and is expected to reach USD 4,189.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.7% 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 2,486.7 million |
| Market revenue in 2030 | USD 4,189.9 million |
| Growth rate | 7.7% (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, Saudi Arabia accounted for 1.7% 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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Saudi Arabia 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 37.6% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Kingdom of Saudi Arabia has announced a reform program under its Vision 2030. The country is expected to exhibit robust economic growth owing to the implementation of structural reforms. New taxes and fees, including value added tax (VAT), extra fees on expats working in the country, and potential taxes imposed on the foreign businesses is expected to bring additional revenues in the economy.
However, uncertainty regarding future prices of oil and impact of ongoing economic reforms may pose a risk to the projected economic growth in the country. According to International Momentary Funds (IMF), building & construction sector in Saudi Arabia is expected to register highest investments. Increase in tourism, population growth, and urbanization is the primary driving factor for the growth of this sector.
Residential and leisure construction activities are expected to gain momentum over the forecast period, owing to the increase in population and tourism. Hence, the growth in building & construction is anticipated to propel the demand for rainscreen cladding over the forecast period.
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Our clientele includes a mix of rainscreen cladding market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia rainscreen cladding market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia rainscreen cladding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia rainscreen cladding market size, by raw material, 2018-2030 (US$M)
Saudi Arabia Rainscreen Cladding Market Outlook Share, 2023 & 2030 (US$M)
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