The global facade market size is anticipated to reach USD 342.94 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 7.6% during the forecast period.The market is estimated to register healthy growth over the forecast period owing to development of advanced materials with capabilities that offer safety as well as visually appealing texture.
This
exterior building face carry the attribute of both appearance and superior
performance in a mode, unlike any other building system, which is expected to
fuel the demand for the product over the next few years. Soaring need to lower
heating & air-conditioning cost and achieve energy-efficiency is slated to
stir up the demand for facades over the coming years. Growing focus on
development of sustainable products is likely to work in favor of the market.
Burgeoning
popularity of green buildings and surging demand for high-transparency glasses
that allow passage of light, while maintaining heat-resistance, are poised to
shape the future of the market. The market is projected to witness the
application for high-performance and energy-saving solar control facades, which
will contribute towards higher economic benefits and eco-sustainability.
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Facade Market
Report Highlights
- The facades market was
valued at USD 205.89 billion in 2018. Expanding construction industry in
developing countries is bolstering the growth of the market
- The ventilated facades
market is anticipated to experience a CAGR of 8.4% over the forecast
period, owing to merits offered by them in terms of energy saving and rich
aesthetics
- Various government
initiatives towards infrastructure development and rise in PPP model are
encouraging construction of commercial properties across the globe, which
is subsequently propelling the facades market
- The commercial end-use
segment was the leading revenue contributor in 2018, owing to numerous
advantages offered by these systems, such as natural ventilation, acoustic
insulation, and thermal insulation
- Asia Pacific led the market
with a little over 37.0% revenue share in 2018, owing to growing
construction of new commercial and industrial buildings in China, India,
and Southeast Asia
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Facade Market
Segmentation
Grand View Research has segmented
the global facade market based on product, end use, and regions:
Facade Product
Outlook (Revenue, USD Billion, 2014 - 2025)
- Ventilated
- Curtain Walls
- Others
- Non-Ventilated
- Others
Facade End-Use
Outlook (Revenue, USD Billion, 2014 - 2025)
- Commercial
- Residential
- Industrial
Facade Regional
Outlook (Revenue, USD Billion, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Poland
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- Kuwait
- Bahrain
- Qatar
- U.A.E.
- Oman
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.
For more info visit @ https://www.grandviewresearch.com
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