Thailand Rainscreen Cladding Market Size & Outlook
Thailand rainscreen cladding market, 2018-2030 (US$M)
Related Markets
Thailand rainscreen cladding market highlights
- The Thailand rainscreen cladding market generated a revenue of USD 437.5 million in 2023 and is expected to reach USD 752.2 million by 2030.
- The Thailand market is expected to grow at a CAGR of 8% 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 437.5 million |
| Market revenue in 2030 | USD 752.2 million |
| Growth rate | 8% (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, Thailand 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 Asia Pacific, China rainscreen cladding market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,830.4 million by 2030.
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Rainscreen Cladding Market Scope
Rainscreen Cladding Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand 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 39.2% in 2023. Horizon Databook has segmented the Thailand 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.
Thailand is set to become a prominent construction hub in Southeast Asia over the forecast period. Despite the economic slowdown experienced by the country in 2014-15, the construction industry in Thailand is poised for a robust growth over the forecast period.
Public investments in infrastructure are expected to be the main factor driving construction sector in Thailand. The growth of construction industry is expected to have a positive impact on the demand for rainscreen cladding over the forecast period.
The growth in residential construction is projected to shift from urban areas to the vicinities. New residential construction projects are concentrated in urban areas, especially Bangkok. However, the urban areas are rapidly expanding with the growth in public transportation, thereby shifting the demand for residential construction to the vicinities outside urban areas. On the other hand, the growth is witnessing a slowdown in the capital city.
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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 Thailand rainscreen cladding market , including forecasts for subscribers. This country databook contains high-level insights into Thailand rainscreen cladding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand rainscreen cladding market size, by raw material, 2018-2030 (US$M)
Thailand Rainscreen Cladding Market Outlook Share, 2023 & 2030 (US$M)
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