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The global facade market was valued at US$ 195.4 billion in 2021 and it is anticipated to grow up to US$ 311.6 billion by 2031, at a CAGR of 4.8% during the forecast period.
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A façade is the building’s deceiving external look. The building’s vertical and horizontal facades include the roof, ventilator louvers, and street awnings. The materials used for building facades are increasingly being employed for energy conservation in addition to aesthetic purposes. It aids in building temperature management, therefore façade industry participants are designing weather-specific facades. Facades are commonly employed in high-rise buildings and offices, as well as stores and apartments. It enhances visual appeal, serves as insulation against heat, cold, moisture, and noise, and shields the building from harm.
Market Drivers and Trends
Urbanization and modernization are both crucial factors in the market’s expansion. When building facades, a number of aspects, such as waterproofing, fabrication, durability, and resilience to extreme conditions, are taken into consideration and reasons for market growth. The market is expected to develop as consumer opinions change and attention to a building’s exterior look increases. Increased renovation spending is a result of rising disposable income, which is predicted to accelerate market expansion. In industrialized nations like the U.S., increasing expenditures in the development of the residential and commercial construction industries can fuel market expansion.
Market Restraints and Challenges
The expansion of the facade market is anticipated to be hampered by high installation and repair costs as well as high raw material costs. They must only be attached and detached by professionals. Furthermore, a lack of knowledge about the advantages of facade materials could further restrain market expansion.
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Global Facade Market Segmentation
By Type
- Ventilated
- Non-Ventilated
By Material
- Glass
- Metal
- Fiber
- Others
By End-User
- Commercial
- Residential
- Industrial
Major Players in the Global Facade Market
The key players studied in the global facade market are as Axis Facades (U.S.), Enclos Corp. (U.S.), Façade ONE (India), Permasteelisa S.P.A (Italy), Ramboll Group A/S (Denmark), Linder Group (Germany), Martins (India), Meinhardt Group (Singapore), Qingdao REXI Industries Co., Ltd.(China), and YKK AP Façade PTE Ltd (Tokyo).
COVID-19 Impact
The global construction sector has been severely impacted by the COVID-19 outbreak. In addition, the total lockdown in several cities in important nations including China, the U.S., Germany, the U.K., and India had a big impact on the worldwide economic downturn in 2020. In addition, the virus’ quick spread has compelled the cancellation of numerous current residential, commercial, and industrial construction projects across the globe. As a result, the demand for facade products and services is anticipated to decline over a shorter period of time due to the slower growth in the building and real estate industries caused by the decreased demand for purchasing homes and offices. However, once the situation has normalized, the global facade market is predicted to increase significantly.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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