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Facade Market Size, Growth and Forecast to 2025
Facade Market Size
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In addition, the investment and funding by various government authorities contribute significantly to the growth of the market. For instance, the Business Facade Improvement Program (2018) is a Northern Development Initiative Trust (Canada) that provides an annual fund of $20,000 to every municipality and regional district aiming at improving the economic development by encouraging investment of the private sector in businesses facade improvements.
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The commercial segment is the major adopter of facade system and contributes to 51% in the global facade market. The growth is majorly attributed to the vertical expansion of multinational companies across the globe. Owing to which, there are several ongoing commercial construction projects in the emerging economies across the globe, such as India and China. Permasteelisa Group, an Italy-based engineering project management company, has several ongoing commercial projects, such as JNBY Headquarters in Hangzhou, China, which entails the construction of 19 low-rise office buildings, for a total facade area of around 87,300 sq. m (939,700 sq. ft) of IGU facades with low-E coating and motorized sunshades.
There are several other companies that primarily concentrates on providing facades for the construction of commercial buildings; thereby augmenting the global façade market growth. For instance, Apogee Enterprises, Inc., a US-based company, designs and develops value-added glass and metal building facades and services for enclosing commercial buildings and framing and displays. The increasing demand for ventilated facades and metal composite facade in buildings due to various advantages such as durability, strength and so forth propel the growth of the market. The ventilated facade is a cladding system with an air cushion or cavity immediately behind which provides with a drainage, ventilation and thermal solution.
Current Market Trends Covered in the Global Façade Market Report
Based on the raw material, glass façade is estimated to hold a dominating market share during the forecast period.
Based on the end-user, commercial held the largest market share in the global façade market in 2018.
Asia-Pacific is estimated to dominate the global façade industry during the forecast period.
Global Facade Market Segmentation
By Raw Material
Glass
Wood
Metal
PVC
Ceramic
Stone
Concrete
Others
By Façade Type
Ventilated
Non-ventilated
By End-User
Commercial
Residential
Industrial
Global Facade Market – Segment by Region
North America
US
Canada
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East and Africa
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Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 780-304-0404
Orion Market Research (OMR) is an Indian market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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