Facade Market Size, Share, Growth, Industry & Revenue [2031]

Report Description

The global facade market was valued at USD 243.81 Billion in 2022 and is anticipated to reach a value of USD 408.43 Billion by 2031, expanding at a CAGR of 5.9% over the forecast period, 2023-2031. The growth of the facade market is attributed to the growing demand for residential construction-related activities and increasing disposable income of a large number of the global population.

Facade refers to a front structure of a building that is required the inputs of some special architectural designs and methods to make the appearance looks decorative one. Several composite materials are adopted to make the facade more eco-friendly. Solar energy is absorbed by these advanced products and the energy used as the secondary source of electricity for various residential and commercial buildings. Composite materials are used for the construction of facade products that provide a modern, harmonious, and durable view to the building. Urbanization & modernization are key factors that help in increasing the demand for facades. Various products of facade including durability, fabrication, waterproofing, and others fight the extreme climatic conditions. Several initiatives by the government is driving residential construction immensely.

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The COVID-19 pandemic negatively impacted the market as the worldwide lockdown significantly affected the global economy resulting in its slowdown. The worldwide construction projects for industrial, commercial, and residential construction were drastically hampered due to the rapid spread of SARS-CoV-2 virus infection. There was a low demand for buying offices and homes which led to sluggish growth in the real estate and construction industry. Moreover, the relaxation in lockdown guidelines along with the release of economic relief packages is estimated to fuel the market expansion during the forecast period.

Facade Market Trends, Drivers, Restraints, and Opportunities

• Increasing power spending by the customers coupled with the need of providing a secured work environment to the employees are expected to fuel the market growth.

• Rising usage of eco-friendly composite materials for building façade is expected to propel the market growth during the forecast period.

• Consumers’ increasing focus on the exterior surface of a building along with the growing demand for repairing in the sector of construction is anticipated to drive the market expansion.

• Value-chain analysis of the industry is a key restraining factor that can hinder the market growth in the coming years.

• Increasing technological innovations coupled with increasing investments for renovations are projected to create key opportunities for the market expansion.

Scope of Facade Market Report

The report on the global facade market includes an assessment of the market, trends, and segments. Overview and dynamics have also been included in the report.

Facade Market Segment Insights

Ventilated segment is anticipated to grow at a prominent pace

On the basis of products, the global facade market is segmented into non-ventilated facades, ventilated facades, and others. The ventilated facades segment is further divided into curtain walls and others. The ventilated segment dominated the market in 2019 and is anticipated to grow at a prominent pace owing to the increasing penetration of curtain walls in commercial buildings. Curtain walls are majorly manufactured using glass materials as they provide a warm environment in the regions where the temperature is low. Currently, modern designs are anticipated to replace the classic designs due to strong demand and easy availability of raw materials in the industrial and commercial sectors. This is also expected to enhance the global economy during the forecast period.

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Residential segment is expected to expand at a considerable rate

Based on end-users, the market is divided into residential, commercial, and industrial. The commercial segment held a major share of the market in 2020 attributed to extensive usage of facades for providing appealing outer visuals along with interior protection of the commercial buildings. Additionally, the presence of high-budget construction projects for corporate and commercial buildings are expected to propel the segment growth. Meanwhile, the residential segment is expected to expand at a considerable rate in the coming years due to the implementation of facades in the residential sector and increasing awareness among customers towards energy saving.

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Asia Pacific is estimated to dominate the market

In terms of regions, the global facade market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America held a key share of the market in 2020 and is anticipated to account for a key market share in the coming years owing to increasing harmony towards advanced façade products along with adaptation to new technology for various construction projects in the region. However, Asia Pacific is estimated to dominate the market in the coming years attributed to the growing construction of new industrial and commercial buildings in the region coupled with increasing attention towards energy efficiency.

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