Facade Market by Products (Non-ventilated Facades, Ventilated Facades [Curtain Walls and Others], and Others), End-users (Residential, Commercial, and Industrial), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023-2031
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.
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
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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.
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Rising usage of eco-friendly composite materials for building façade is expected to propel the market growth during the forecast period.
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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.
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Value-chain analysis of the industry is a key restraining factor that can hinder the market growth in the coming years.
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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.
Attributes |
Details |
Report Title |
Façade Market – Global Industry Analysis, Growth, Share, Size, Trends, And Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Products (Non-ventilated Facades, Ventilated Facades [Curtain Walls and Others], and Others) and End-users (Residential, Commercial, and Industrial) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
YKK AP Inc.; Aluplex; EOS Framing Ltd.; Bouygues; Enclos; Saint-Gobain Group; Kingspan Group; AFS International B.V.; Lindner Group; Gartner (Permasteelisa Group); Fundermax; Hansen Group; National Enclosure Co., LLC.; Hochtief; Schuco International (OTTO FUCHS KG); Trimo d.o.o.; Skanska; Norsk Hydro ASA; and Rockpanel Group (ROCKWOOL B.V.) |
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.
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.
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.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Facade Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Facade Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Facade Market - Supply Chain
4.5. Global Facade Market Forecast
4.5.1. Facade Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Facade Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Facade Market Absolute $ Opportunity
5. Global Facade Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Facade Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Facade Demand Share Forecast, 2019-2026
6. North America Facade Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Facade Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Facade Demand Share Forecast, 2019-2026
7. Latin America Facade Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Facade Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Facade Demand Share Forecast, 2019-2026
8. Europe Facade Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Facade Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Facade Demand Share Forecast, 2019-2026
9. Asia Pacific Facade Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Facade Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Facade Demand Share Forecast, 2019-2026
10. Middle East & Africa Facade Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Facade Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Facade Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Facade Market: Market Share Analysis
11.2. Facade Distributors and Customers
11.3. Facade Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. YKK AP Inc.
11.4.2. Aluplex
11.4.3. EOS Framing Ltd.
11.4.4. Bouygues
11.4.5. Enclos
11.4.6. Saint-Gobain Group
11.4.7. Kingspan Group
11.4.8. AFS International B.V.