Turkey Rainscreen Cladding Market Size & Outlook
Turkey rainscreen cladding market, 2018-2030 (US$M)
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Turkey rainscreen cladding market highlights
- The Turkey rainscreen cladding market generated a revenue of USD 891.1 million in 2023 and is expected to reach USD 1,606.0 million by 2030.
- The Turkey market is expected to grow at a CAGR of 8.8% 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 891.1 million |
| Market revenue in 2030 | USD 1,606.0 million |
| Growth rate | 8.8% (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, Turkey 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 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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Turkey 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 35.9% in 2023. Horizon Databook has segmented the Turkey 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.
Turkey has witnessed a substantial economic growth over the last couple of years on account of the robust performance of manufacturing and industrial sectors coupled with a rise in consumer spending and government expenditure.
Thus, Turkey is projected to emerge as the second-fastest growing economy in OCED countries after Ireland with a GDP growth rate of 7.8%, thereby driving foreign direct investments in the country. Increased investments in Turkey are expected to boost construction activities in the country, thereby driving the demand for rainscreen cladding over the forecast period.
Ongoing housing campaigns, government incentives for construction industry, and low interest rates for housing loan are some of the key factors boosting the growth of construction sector in Turkey. This trend is expected to continue over the forecast period owing to a rise in investments in public infrastructure and private sector projects.
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Horizon Databook provides a detailed overview of country-level data and insights on the Turkey rainscreen cladding market , including forecasts for subscribers. This country databook contains high-level insights into Turkey rainscreen cladding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Turkey rainscreen cladding market size, by raw material, 2018-2030 (US$M)
Turkey Rainscreen Cladding Market Outlook Share, 2023 & 2030 (US$M)
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