The global facades
market is expected to reach USD 337.8 billion by 2025, according to a
new report by Grand View Research, Inc. The facades market is anticipated to
grow swiftly over the forecast period owing to the development of advanced
materials with capabilities that offer safety as well as a visually appealing
texture. The industry is governed by the following six key trends:
Facades combine the attribute of both appearance and
superior performance in a mode unlike any other building system, which is
anticipated to drive product demand significantly over the next few years.
The key factor expected to drive the facades industry
is the need to lower heating & air-conditioning cost and achieve
energy-efficiency. This trends in reducing the cost are projected to result in
the development of sustainable products over the forecast period.
The popularity of green buildings, demand
high-transparency glass that allows in light, while maintaining
heat-resistance. The forecast period is expected to witness the application for
high-performance, energy-saving and solar control facades contributing towards
higher economic benefits and eco-sustainability. This has resulted in demand
for triple-glazed facades, which have a lower u-value in comparison to double
glazed structures.
Browse full research report on Global Facades Market: https://www.grandviewresearch.com/industry-analysis/facade-market
Further
key findings from the report suggest:
- The facades market was valued at USD 179.7 billion in 2016 and is
expected to grow at a CAGR of over 7.3% over the next eight years owing to
a rise in construction related activities in the U.S., China, Japan and
India
- The ventilated facades market is expected to witness a healthy
growth at a CAGR exceeding 6.5% over the forecast period owing to benefits
they provide in terms of energy saving and rich aesthetics.
- Several government initiatives toward infrastructure development
and the rise in PPP model enhance the construction of commercial
properties across the globe, which has subsequently attributed to the
growth of the facades market.
- The commercial end-use segment was the dominant segment in 2016,
and the facades’ demand across this sector is expected to increase over
the forecast period, owing to several benefits offered by the facade
system, such as acoustic insulation, thermal insulation, and natural
ventilation.
- Asia Pacific dominated the market with more than 30% revenue share
in 2016, wowing to growing construction of new commercial and industrial
buildings in China, India, and South-East Asia over the next few years.
- Key players such as Ametek Inc., Franklin Electric Co., Asmo Co.
Ltd., and ABB Ltd. dominated the market in 2016 with their emphasis on
expanding market presence through mergers and acquisitions.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/hvac-and-construction-technologies
Grand
View Research has segmented the global facades market based on product, end
use, and regions:
Product
Outlook (Revenue, USD Billion, 2014 - 2025)
- Ventilated
- Curtain
Walls
- Others
- Non-Ventilated
End-Use
Outlook (Revenue, USD Billion; 2014 - 2025)
- Commercial
- Residential
- Industrial
Regional
Outlook (Revenue, USD Billion; 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Poland
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East
& Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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