[195+ Pages Report] Global Facade System market was projected at USD 290.84 billion in 2019, which is expected to hit USD 485.67 billion in 2026 and is expected to rise to CAGR by 7.6% between 2020 and 2026.
Global Facade System Market: Overview
Facade systems comprise structural elements which give lateral or vertical resistance to wind and other forces as well as structural envelopes that provide thermal, acoustic, and fire-resistance. The type and the scale of the construction and the local zoning requirements that may affect the appearance of the building in relation to its setting determine how the façade scheme is used. For instance, although the external facade also requires brickwork, lightweight steel wall elements in the construction of an internal leaf (known as infill walls) have increasingly replaced more traditional block work.
This reinforcement method provides a ventilated environment between reinforcement and separation, avoiding thermal bridging and condensation. This offers excellent thermal stability and reduces humidity. As a result, the most effective solution for building isolation problems is generally agreed by architects, developers, and builders.
Global Facade System Market: Growth Factor
The expansion of construction operations was one of the industry's main drivers. Furthermore, technological developments lead to energy-efficient materials being developed. In a number of industrial and residential buildings, this advanced commodity consumes solar and is commonly used as a secondary energy source. The demand is predicted to grow considerably over the projected period. The growth in consumer buying power can be attributed to the need to provide workers with safe working conditions, in particular in China, Japan India, and Brazil. In addition, with metal composite materials, the appearance of the building is sturdy, harmonious, and new. The increasing use of such composite materials is expected to stimulate demand growth in the next years in the construction of facades.
Because of its wide range of uses in the residential and non-residential sectors, the Cladding is in high demand because it provides benefits like separation, fire safety, emissions control, and the aesthetic appeal to buildings.
Global Facade System Market: Segmentation
Global Facade System market is segmented into four notable segments which are type, product type, and end-user.
Based on type the market is further classified into the cladding, EIFS, siding, and curtain wall. During the forecast era, the cladding segment represented the largest market share. A wide variety of applications in the residential and non-residential market drives the market for cladding as it provides architectural appeals and provides advantages such as isolation, fire protection, and emission prevention. Additionally, based on product type the market is further classified into new ventilated, non-ventilated, and others. Moreover, based on end-users the market is classified into residential, commercial, and industrial.
A significant influence on the global constructive sector was the present COVID-19 pandemic. Moreover, a global economic downturn in 2020 affected considerably by the complete shutdown of various towns in main countries such as China, the United States, Germany, the United Kingdom, and India. In addition, the global dissemination of the virus has led to the end of many ongoing residential, commercial, and manufacturing developments across the globe. The slower growth in construction and immobilizing sectors as a result of lower demand for purchasing homes and offices is expected in the near future to slow demand for façade products and services. Moreover, the easing of lock-down policies in federal governments, together with the release of economic stimulus packages in main countries including the US, the UK, China, and Germany, is expected to revive corporate growth over the next seven years.
Global Facade System Market: Regional Analysis
Based on regions, the global Facade System market can be divided into five main regions.
The largest share of Asia Pacific was over 38.5% in 2020. Increased development of new commercial and industrial buildings in countries such as China, Indian, and Southeast Asia helps the growth of the regional economy. Furthermore, the APAC market is expected to improve development dramatically in the coming years with evolving facade architecture design trends responsive to geographical location, building use, social aspects and protection, and sustainability issues. In addition, the emphasis on energy conservation and the hot/wet conditions in the Middle East and Africa area is projected to boost the regional demand.
In addition to this, innovative, environmentally sustainable materials are being created to attract consumers, particularly in the United States and the United Kingdom, to refurbish/renovate houses. Those regions are highly technologically adaptable. The outcome is a strong degree of penetration for both the industrial and residential markets, which is projected to have a significant effect on the development of the industry.
Global Facade System Market: Competitive Players
Some of the key players in the Facade System market are Asahi Glass, Boral Limited, Nichiha Corporation, Guardian Industries, Louisiana Pacific Corporation, Saint-Gobain, Georgia-Pacific LLC, Kingspan PLC, Vinh Tuong Industrial Corporation, Knauf, Nippon Sheet Glass, Central Glass, BASF, Dryvit Systems Inc., ParexGroup SA, Sto SE & Co KGaA, James Hardie Industries PLC, Etex Group, SHERA, Universal Cement Corporation (UCC), USG Corporation, Terraco Group, and Others.
Global Facade System Market: Regional Segment Analysis
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Industry Major Market Players
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