Facades Market

Facades Market Size and Share (2023-2028)

The Facades Market is anticipated to increase to US$ 180 billion by 2028, with a growing CAGR of 5.6% during 2023-2028

Facades Market Scenario:

A façade is part of a building's outside front that comprises mainly roofing, ventilation louvers, and street awnings, among other things. Metal, wood, concrete, ceramic, glass, polyvinyl chloride (PVC), stone, and other materials are commonly used. In addition, siding, cladding, exterior insulation finishing systems (EIFS), curtain walls, and other forms of facades are prevalent. These facades enhance the building's aesthetic appeal while also providing improved waterproofing, construction, durability, and weather protection. Facades are also used to control light penetration, regulate internal temperature, and provide thermal insulation in energy-efficient buildings. As a result, they're commonly seen in residential structures, retail businesses, hotels, healthcare facilities, and warehouses, among other places.

Moreover, because of the increased urbanization, the construction sector has seen unprecedented development in new residential construction and remodeling/renovation projects. This is supported by technical advancements in developing countries, which have fueled demand for construction materials and components, including façades. One of the innovations that have been noticed with the development of energy-saving façade materials is the creation of energy-saving façade materials. The facades industry is expected to gain traction in the coming years because of advances in sophisticated materials and greater attention to aesthetics and safety.

Facades Market Drivers and Restraints:

The market for facades is primarily driven by rising levels of urbanization combined with an increase in the number of contemporary infrastructures worldwide. Additionally, rising consumer living standards and a growing emphasis on aesthetically pleasing building designs drive demand for facades. Furthermore, the ever-increasing trend away from traditional roofs, sidings, and wall claddings favoring ceramic, glass, or PVC-based alternatives is fueling market expansion. Moreover, the rise of green and energy-efficient buildings has boosted the demand for facades to control inside temperature and provide thermal insulation, reducing the need for extra HVAC systems.

Aside from that, the increasing use of facades in corporate buildings and industrial facilities, owing to their increased durability, weatherproofing, and manufacturing is propelling the market forward. Furthermore, due to the availability of high construction budgets, various retail and hospitality-based enterprises are becoming more inclined towards visually appealing outside architecture and the use of luxury product versions. Aside from that, some architectural firms are focusing on creating modern, eco-friendly facade designs to overcome issues such as excessive heat control and soundproofing. In addition, several manufacturers are aggressively investing in product improvements based on solar energy harvesting from facades. In addition, in the coming years, the development of smart facades using thermo-bimetals is likely to fuel global facades market expansion.

Moreover, the growing usage of sustainable and environmentally friendly products, primarily including green façades, will further fuel the global facades market growth during 2022 - 2027. Green Building, and specifically Green Facades, is one of the most promising solutions to ensure energy savings in today's structures. Moreover, it helps to decrease the urban heat island effect on the surrounding area. The most important parameter for managing heat waves and pollution is the shadow effect created by the plants on the facade. Therefore, these factors further propel the global facades market growth during 2022 - 2027.

FACADES MARKET REPORT COVERAGE:

Market Segmentation: 

Facades Market By Product:

• Ventilated

• Non-Ventilated

During the predicted period, ventilated facades are likely to be the most popular product. Curtain walls are expected to be the fastest-growing sub-segment in the ventilated facades segment over the projected period, owing to their rising penetration in commercial buildings. They mostly consist of heat-transmitting glass materials that create a warm environment in cold climates. As a result, they are expected to become quite popular in residential applications in the near future, particularly in the United States, the United Kingdom, and other colder parts of Europe.

Facades Market By Material:

• Wool

• Glass

• Aluminum

• Others

Based on material, glass is anticipated to hold the largest global facades market during 2022 - 2027. The increase in overall construction activity owing to urbanization is a major cause for the growth of the facades industry, with glass façade holding the biggest market share. Facade demand is increasing globally because of rising consumer spending power and a desire for a secure and protected employment environment. The roof, street awnings, ventilation louvers, and the vertical and horizontal parts of the building are all covered by the facade. Facades give durability, safety, and an aesthetic feel, while also focusing on the building's energy efficiency and interior comfort requirements. During the forecast period, the demand for façades was increasing since the construction industry for commercial and residential buildings has experienced major growth.

Facades Market By End User:

• Commercial

• Residential

• Industrial

Based on End-User, the commercial segment is anticipated to dominate the global facades market growth in the next six years, owing to the expansion in the number of commercial buildings, mainly including hotels, medical centers, retail stores, garages, and warehouses. Corporate offices rely heavily on the façade since it is one of the most important aspects of the overall design of the building, as it gives it a distinct personality and character. There are a lot of buildings that settle for basic designs that precisely follow structural rules, but they never have their own identity, character, or personality. A Façade can help a lot with this since it gives the structure that distinctiveness, which counteracts the negative effects of a building that lacks something special. As a result, facades are a significant and fundamental aspect of the commercial sector, driving market demand for facades.

Facades Market Regional Analysis: 

The Facades Market Report includes the segmentation of Regions:

• North America 

• Europe

• Asia Pacific 

• Latin America 

• Middle East and Africa 

North America dominated the Facades Market. Most of the world's largest firms, such as Google and Apple, as well as many other IT industries, have their headquarters in countries like the United States and Canada, making them a major market for facades in this region. While an increase in the number of skilled professionals in the construction industry, such as qualified architects, consultants, and manufacturers, who have in-depth knowledge of the facade market and how to best use them in construction, has brought more professionalism to the industry and thus contributed to their significant rise.

Asia-Pacific region has a significant proportion of the market. In nations like China and India, the area has seen an increase in the number of development projects backed by strong investments in commercial and residential construction. Throughout the future, this is likely to increase demand for facades in the Asia-Pacific area.

Factors such as inhabitants' high per capita income and the region's booming building and construction industry are supporting the expansion of the facade market in Europe. Furthermore, in recent years, the European façade industry has grown due to a considerable movement toward the use of environmentally friendly facade materials such as solar panels.

Impact of COVID-19 on the Facades Market:

The ongoing COVID-19 pandemic has had a significant impact on global building firms. On the other hand, major countries including India, China, the U.K., the U.S., and Germany, are impacted due to the closing down of firms. Furthermore, the virus's rapid spread has forced the cancellation of a number of present industrial, commercial, and residential projects all over the globe. Therefore, the construction industry experienced a slow pace across the world, which further slowdown the facade market growth.

Recent Developments in the Facades Market:

• Elite Façades Limited, a cladding, and roofing company, situated in Fareham, has been purchased for an unknown sum by Elite Façades Holdings Limited, a newly established subsidiary of Gibraltar-based Acuity Private Fund Limited.

• Sika has increased its production capacity in the fast-increasing Chinese construction sector by building a new mortar production facility in Jiaxing City, Zhejiang Province, Eastern China. Sika's reaction to increased demand in the region is the commissioning of the new facility. At the same time, this step ensures improved logistics, shorter raw material, and finished goods transit routes, and lower CO2 emissions.

Facades Market Key Players:

The companies covered in the report include:

• BASF SE

• Avery Dennison Corporation

• Dow Corning

• EFP European Facade Products B.V.

• Elite Façades Limited

• Sika AG