Facade Market:
Growth opportunities in the Facade Market look promising over the next six years. This is mainly due to the increasing number of fire incidents and the increasing adoption of facade products for commercial spaces and retail stores.
Facade Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The accelerating population, expansion in the construction sector, and the augmenting occurrence of fire accidents are the prominent drivers responsible for the stimulation of the global façade market. Also, they offer enormous benefits in assembling energy-saving buildings will less solar penetration, minimized overheating, passive cooling, and lower air conditioning cost, strengthening the façade market size.
Additionally, the surging endorsement of these products for retail stores, warehouses, hotels, airports, garages, commercial spaces, stadium, and medical centers led by their features such as improved thermal insulation, extended infrastructure lifecycle, and reduced air and vapor leakages is anticipated to impel the market growth. The escalating consciousness towards zero-emission and energy-effective buildings and fully-recyclable boards will bolster market growth.
However, excessive price of raw material and high-priced installation and repair will hinder the market growth. Furthermore, insufficient knowledge about the features of these façade materials will curb the facade market share.
Application Segment Drivers
Based on the application, the commercial is projected to expand at a higher CAGR over the forecast period. This mainly attributes to the growing number of restaurants, corporate buildings, hotels, malls, airports, educational institutes, and hospitals. In addition, the increasing apprehension towards the development of sustainable commercial spaces with protection parameters against external environmental factors and fire menace and to amplify the appearance of the building is driving the market growth.
Regional Drivers
Based on the material, glass is predicted to witness a faster CAGR over the forecast period. This is primarily owing to their enormous features such as fire protection, reduced weight, insulation, solar control, light transmission, and inflated transparency. Moreover, glass facades can easily resist severe weather conditions, including rains, sun, and wind, and demands low maintenance, which further supports the market growth.
Facade Market’s leading Manufacturers:
- Terraco Group
- Dryvit Systems Inc.
- BASF SE
- AGC Inc.
- Saint-Gobain
- Etex Group
- Sto SE & Co. KGaA
- Central Glass Co., Ltd.
- Nippon Sheet Glass Co., Ltd.
- Sika AG
Facade Market Segmentation:
Segmentation by Material
- Glass
- Metal
- Plastics and Fibres
- Construction Stone
- Others
Segmentation by Application
- Residential
- Commercial
- Industrial
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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