The global Facade Market is expected to reach USD 342.94 billion by 2025. Façade is an attractive exterior wall or face of buildings that comprise design elements such as deliberate placement of doors and windows. Global facade industry is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe.
The factors that are playing a major role in the growth of facade market are a high investment in R&D of the construction and architecture industries, developing eco-friendly bioclimatic facades, rapid urbanization, and increasing number of renovation projects. However, time-consuming and high investment cost may restrain overall market growth in the years to come. Facade industry is segmented based on product type, raw material, end-user, and region.
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Non-ventilated, ventilated, and other product types are explored in facades market. Ventilated sector comprises curtain walls and others. Ventilated facades sector accounted for the significant market share and is estimated to lead overall market in the years to come. Among ventilated sector, curtain walls segment is estimated to grow at the fastest pace in the years to come.
Based on raw material, aluminum, glass, wood, ceramic, plastic & fiber, and others classify façade market. The glass sector comprises patterned glass, float glass, and sheet glass. Whereas, wood sector comprises WPC panels, timber cladding, and others. Aluminum and glass materials sector is likely to account for majority market share of façade in the years to come. The reason could be their elastic and durable properties.
The facade industry is categorized based on end-users like industrial, commercial, residential, and others. The commercial sector accounted for the substantial market share of facade and is estimated to continue its dominance in the years to come. The reason behind overall sector growth could be availability of high construction budget and growing number of commercial buildings such as garages, retail stores, warehouses, and others. Also, residential sector is estimated to grow at fastest pace in the years to come.
Globally, Asia Pacific accounted for the substantial market share of façade and is estimated to lead overall market in the years to come. The reason behind overall market growth could be developing construction industry and rising use of eco-friendly and innovative materials. The developing countries like India and China are major consumers of façade in this region.
North America and Europe are also estimated to have a positive influence on future growth. Europe and North America estimated to account for majority market share of façade in the years to come. The reason could be rising use of enhanced building materials and acceptance of novel technologies. The key players of facade market are SEPA, Enclos Corp., Harmon Inc., Permasteelisa, and Walters & Wolf. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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Facade Product Outlook (Revenue, USD Billion, 2014 – 2025)
• Curtain Walls
Facade End-Use Outlook (Revenue, USD Billion, 2014 – 2025)
Facade Regional Outlook (Revenue, USD Billion, 2014 – 2025)
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
• Saudi Arabia
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/building-materials
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