Vietnam Rainscreen Cladding Market Size & Outlook
Vietnam rainscreen cladding market, 2018-2030 (US$M)
Related Markets
Vietnam rainscreen cladding market highlights
- The Vietnam rainscreen cladding market generated a revenue of USD 410.7 million in 2023 and is expected to reach USD 761.1 million by 2030.
- The Vietnam market is expected to grow at a CAGR of 9.2% 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 410.7 million |
| Market revenue in 2030 | USD 761.1 million |
| Growth rate | 9.2% (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, Vietnam 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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Vietnam 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 39.01% in 2023. Horizon Databook has segmented the Vietnam 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.
Construction industry in Vietnam is expected to witness a moderate growth over the forecast period owing to the implementation of the government’s eighth five-year national socio-economic development plan. The government aims to develop a socialism-oriented economy to stabilize and drive the socioeconomic development.
The government is also striving to focus on the strategic breakthrough of building the infrastructure system in sync with modern buildings and ensure the overall efficiency of infrastructure. The government of Vietnam plans to improve various agricultural, industrial, and infrastructural projects across the country through this plan, which is expected to benefit building & construction industry and consequently propel the product demand.
Building & construction industry in Vietnam is expected to head toward a positive outlook over the forecast period owing to regulatory reforms, favorable economic growth, and high-value transportation projects. The government has a strong pipeline of infrastructure projects to improve its logistics, which is expected to benefit the demand for rainscreen cladding.
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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 Vietnam rainscreen cladding market , including forecasts for subscribers. This country databook contains high-level insights into Vietnam rainscreen cladding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Vietnam rainscreen cladding market size, by raw material, 2018-2030 (US$M)
Vietnam Rainscreen Cladding Market Outlook Share, 2023 & 2030 (US$M)
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