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Enhanced energy efficiency and life expectancy of the building to drive demands for different types of facades.
The "Facades Market to 2025- by Material (Metal, Wood, Concrete, Ceramic, and Glass); Application (Residential, Commercial, and Industrial) - Global Analysis and Forecast". The scope of study involves understanding on the factors responsible for this growth of Facades Market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant facades players in the market and their key developments.
Facades Market to 2025 - Global Analysis and Forecast by Material and Application. In terms of revenue, the global facades Market is expected to grow to US$ 197.3 billion by 2025 from US$ 165.3 billion in 2017, growing at a CAGR of 2.3%. The facades of the buildings are the most complex and expressive feature in any construction design. Facades are the most elegant part of the buildings, but its significant role plays in improving natural lighting, reducing building’s energy consumption, and providing better airflow. Owing to this, façade market engineering has gained significance and popularity among the people and thereby focusing highly on incorporating different types of façade system in their designs.
In the current scenario, choosing a right façade cladding system is extremely important. The decision on choosing the right façade depends on certain factors such as energy efficiency, water-resistance, aesthetic & texture, versatility, cost, durability, and eco-friendly. The market players focus on offering various types of facades including, stone façade, metal façade, wood façade, cement façade, clay façade, argemax façade, and others. Further, the construction of façade is an expensive part, which usually accounts approximately 35% of the total building cost. But this cost seems to be worth worthy as it contributes considerably in reducing the energy costs and thereby adding to the life expectancy of the building. Owing to the higher durability, easiness of installations, higher efficiency, and higher functionalities of glass & metal based facades, the adoption for these type is anticipated to grow at a rapid pace during the forecast period. Further, the metal facades are water resistant, eco-friendly, and fire & insect resistant that contributes to the value of these facades.
The commercial sector includes construction of shopping malls, office/trade business buildings, airports, railway stations, hospital and healthcare buildings, roads, dams, and pavements among others. The commercial segment in global Facades market was valued at US$ 105.6 Bn in 2017 and is foreseen to generate a market revenue of US$ 123.9 Bn by 2025, escalating at a CAGR of 2.1% during the forecast period from 2018 to 2025. The benefits of facades, when coupled with the increasing investment from various government to enhance their tourism industry, is increasing the interest among the builders to adopt facades. This factor is driving the facades adoption in the commercial market in recent years. The rising commercial infrastructures among Asia Pacific countries pose a prominent future for the Facades market. Further, the increasing usage of glass & metal facades in the commercial constructions on account of their easy installations and higher durability is expected to proliferate the market for the same during the forecast period.
The report segments the global Facades Market as follows:
Global Facades Market - By Material
Global Facades Market - By Application
Global Facades Market - By Geography
North America
Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
South America (SAM)
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