Trusted Business Insights presents the Latest Study on Facade Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
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Abstract, Snapshot, Market Analysis & Market Definition: Global Facade Market
The global facade market size was valued at USD 205.89 billion in 2018. It is poised to register a CAGR of 7.6% from 2019 to 2025. Rise in construction-related activities has been an important factor driving the market. Furthermore, technological innovations are leading to development of energy saving facade materials. These advanced products absorb solar energy and find a widespread adoption in several commercial and residential buildings as a secondary source of electricity generation.
The market is expected to grow at a considerable rate over the forecast period. This growth can be attributed to rising customer spending power, primarily in China, Japan, India, Brazil, and GCC countries, along with the need to provide a secure work environment to employees. Furthermore, use of metal composite materials offers a durable, harmonious, and modern appearance to the building. Increasing usage of such composite materials to build facades is projected to provide an upthrust to the market over the coming years.
Modernization and urbanization are playing a vital role in the growth of the market. Several factors, including waterproofing, fabrication, durability, and resistance to extreme climate, come to play during the construction of facades. Changing perceptions of consumers and increasing focus on exterior appearance of a building are anticipated to boost the growth of the market.
Rising disposable income is leading to increased investments in renovations, which in turn is estimated to augment the market. Growing investments for the advancement in the residential and commercial construction industry in developed countries such as the U.S. can stoke the growth of the market.
Market Segmentation, Outlook & Viewpoint: Global Facade Market
Product Market Segmentation & Outlook (Revenue, USD Billion, 2014 – 2025)
End-Use Market Segmentation & Outlook (Revenue, USD Billion, 2014 – 2025)
Key Players, Recent Developments & Regional Insights: Global Facade Market
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Ventilated facades are likely to be the most prominent product type during the forecast period. Among the ventilated type, curtain walls are poised to be the fastest growing sub-segment, owing to their increasing penetration in commercial buildings. They mainly comprise glass materials that can transmit heat to provide a warm atmosphere in regions with low temperature. As a result, they are also projected to gain a high demand in residential applications in the near future, primarily in the U.S., the U.K., and other colder parts of Europe.
The market, at present, is dominated by classic designs, which are anticipated to be replaced by modern, eco-friendly designs over the coming years. Ease of raw material availability and strong demand in the end-use sector, including the commercial and industrial sectors, owing to recovery of the global economy, is estimated to unfold opportunities for industry players over the forecast period.
Major innovations in composite material development are leading to overcoming of several limitations of excess heat and soundproofing. Several basic materials used in the development of the product include aluminum, plastic & fiber, glass, ceramic, and steel. Aluminum and glass-based composite materials are widely used to build facades, owing to their low weight and high transparency respectively.
Aluminum and glass are highly preferred due to their durable and elastic properties. This allows designers to provide a proper shape and size to facades. Investments in R & D have also led to development of eco-friendly or sustainable bio-climatic second-skin facades to make use of environment for building lighting, heating, and cooling.
Facades are extensively used in commercial and residential buildings to protect the interior and provide a visually appealing outer architecture. The product is extensively used in commercial buildings due to availability of high construction budget among corporates.
Rise in the number of commercial buildings, such as retail stores, hotels, medical centers, warehouses, and garages, in India, China, Brazil and the Middle Eastern countries is expected to spur the growth of the global facades market over the forecast period.
Implementation of the product in residential buildings is also likely to increase over the next few years owing to rising customer awareness regarding energy saving, primarily in the U.S., the U.K., Germany, and Japan
Asia Pacific dominated the market with over 37.0% share in terms of revenue in 2018. Increasing construction of new commercial and industrial buildings in countries, including China, India, and Southeast Asia, is contributing to the growth of the region. Furthermore, development of innovative, eco-friendly materials is also poised to impel customers, particularly in the U.S. and the U.K., to redevelop/renovate buildings.
North America and Europe, collectively, commanded more than 45.0% of the total market in 2018, owing to growing affinity towards advanced facade materials. These regions are highly adaptive to new technologies. As a result, penetration of the product in the commercial and residential sectors is projected to be high, thereby positively influencing market growth.
Facade Market Share Insights
The major players operating in the market include Enclos Corp.; Permasteelisa North America; Walters & Wolf; Harmon Inc.; and SEPA. The industry has witnessed the entry of several Chinese manufacturers, including Jinjiu Sci-Tech New Material Co., Ltd. and Xiamen China-Nice Manufacturing and Trading Co., Ltd., which has drastically increased competition and may impact well-established players.
Key Insights Covered: Global Facade Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Facade industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Facade industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Facade industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Facade industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Facade industry.
Research Methodology: Global Facade Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
Quick Read Table of Contents of this Report @ Global Facade Market Size, Share, Sector / Industry Report & Analysis 2019-2025
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