Facade Market Size Worth $336.6 Billion By 2028 | CAGR: 6.4%: Grand View Research, Inc.

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Mar 23, 2021, 05:35 ET

SAN FRANCISCO, March 23, 2021 /PRNewswire/ -- The global facade market size is expected to reach USD 336.6 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 6.4% from 2021 to 2028. The market is estimated to witness healthy growth over the forecast period owing to the development of advanced materials with capabilities that offer safety as well as visually appealing texture. Moreover, this exterior building face carries the attribute of both appearance and superior performance in a mode, unlike any other building system, which is expected to fuel the demand for the product over the next few years. The soaring need to lower heating and air-conditioning costs and achieve energy-efficiency is slated to stir up the demand for facades over the coming years. Growing focus on the development of sustainable products is likely to work in favor of the market.

Key suggestions from the report:

By product, the ventilated facades segment is anticipated to exhibit the fastest CAGR over the forecast period owing to its energy-saving advantages and rich aesthetics.
Various government initiatives towards infrastructure development and a rise in the PPP model are encouraging the construction of commercial properties across the globe, which is subsequently propelling the market growth.
The commercial end-use segment held the leading revenue share in 2020 owing to the significant adoption of façade products for buildings in commercial applications, such as offices, airports, stadiums, and hotels, globally.
Asia Pacific dominated the market with a share of over 35.0% in 2020 owing to the growing construction of new commercial and industrial buildings in China, India, and Southeast Asia.
Several prominent players are strategically concentrating on establishing partnerships and agreements to acquire big projects in order to boost their overall sales and profitability.

Read 135 page research report with ToC on "Facade Market Size, Share & Trends Analysis Report By Product (Ventilated, Non-ventilated), By End Use (Commercial, Residential, Industrial), By Region, And Segment Forecasts, 2021 - 2028'' at: https://www.grandviewresearch.com/industry-analysis/facade-market

The burgeoning popularity of green buildings and surging demand for high-transparency glasses that allow passage of light, while maintaining heat resistance, are poised to shape the future of the market. The market is projected to witness the application for high-performance and energy-saving solar control facades, which will contribute to higher economic benefits and eco-sustainability. Furthermore, the initiatives and regulations by government bodies, technological advancements, and the need for energy conservation are estimated to propel the market growth over the next seven years. The Green Building Initiative (GBI), a non-profit building assessment and certification organization in the U.S., awards ratings and prescribes principles for reducing the environmental impact. Such principles opted by companies may further spur the growth of the smart buildings industry, thereby stimulating the demand for smart building monitoring through facades.

Incidences of severe building fires have prompted public concern over the safety of facade materials. Facade materials play a vital role in fire safety as it is the outer part of the building that is directly in contact with fire. In addition, it is essential to select the cladding material at the design stage based on material combustion characteristics to significantly protect the buildings from fire. Thus, it is estimated to fuel the overall façade demand globally from 2021 to 2028.

Furthermore, the ongoing COVID-19 pandemic has had an adverse impact on the overall construction and real estate industry and subsequently, hampered market growth. However, with the announcement of economic relief packages across key countries, such as the U.S., India, the U.K., Germany, and others, the demand for facades is anticipated to see notable growth over the next seven years.

Grand View Research has segmented the global facade market on the basis of product, end use, and region:

Facade Product Outlook (Revenue, USD Million, 2017 - 2028)

Ventilated Facades

Curtain walls
Others

Non-ventilated Facades
Others

Facade End-use Outlook (Revenue, USD Million, 2017 - 2028)

Commercial
Residential
Industrial

Facade Regional Outlook (Revenue, USD Million, 2017 - 2028)

North America

U.S.
Canada

Europe

U.K.
Germany
Poland

Asia Pacific

China
India
Japan

Latin America

Brazil
Mexico

Middle East & Africa (MEA)

Saudi Arabia
Kuwait
Bahrain
Qatar
UAE
Oman

List of Key Players of Facade Market

Rockpanel Group (ROCKWOOL B.V.)
Aluplex
Bouygues
Enclos
EOS Framing Limited
Saint-Gobain Group
AFS International B.V.
Kingspan Group
Lindner Group
Fundermax
Gartner (Permasteelisa Group)
HansenGroup
Hochtief
National Enclosure Company, LLC.
Schuco International (OTTO FUCHS KG)
Skanska
Trimo d.o.o.
Norsk Hydro ASA
YKK AP Inc.

Find more research reports on Next Generation Technologies Industry, by Grand View Research:

Building-integrated Photovoltaics Facade Market – The global building-integrated photovoltaics facade market size was valued at USD 818.2 million in 2018 and is expected to register a CAGR of 25.3% during the forecast period.
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Smart Electricity Meters Market – The global smart electricity meters market size was valued at USD 10.0 billion in 2019 and is anticipated to register a CAGR of 7.8% from 2020 to 2027.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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