New York, United States , April 27, 2023 (GLOBE NEWSWIRE) -- The Global Facade Market size is to grow from USD 256.28 billion in 2022 to USD 472.11 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period.
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A facade is the outward-facing exterior of a building, serving as its "face" and providing the first impression to viewers. It encompasses the front elevation, including walls, windows, doors, and other architectural elements. Facades play a significant role in defining a building's aesthetic appeal, reflecting its architectural style, and enhancing its overall appearance. They can be constructed with a wide range of materials, textures, and colors, and may incorporate functional features such as insulation, ventilation, and weather protection. Facades are crucial in balancing aesthetics and functionality, meeting energy efficiency requirements, and providing durability and sustainability. They are a vital element in modern construction, adding value to buildings and contributing to the overall character and identity of a structure.
Report Coverage
This research report categorizes the market for facade market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the facade market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the facade market.
Browse key industry insights spread across 210 pages with 122 market data tables and figures & charts from the report on "Global Facade Market Size, Share, and COVID-19 Impact Analysis, By Product (Ventilated Facades, Non-Ventilated Facades, and Others), By End-Use (Commercial, Residential, and Industrial), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032”. Get Detailed Report Description Here:
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The ventilated facade segment is expected to grow at a CAGR of 7.4% over the forecast period
Based on the product, the global façade market is dived into ventilated facades, non-ventilated facades, and others. The ventilated facades are designed with an air cavity between the outer cladding and the building envelope, allowing for air circulation and ventilation. This design helps to regulate temperature and moisture, providing energy efficiency benefits and minimizing the risk of condensation and mold growth. The increasing focus on sustainability, energy efficiency, and green building practices is driving the demand for ventilated facades. They offer improved thermal performance, reduced energy consumption, and better indoor air quality, making them a popular choice in modern construction projects.
Commercial segment is predicted to grow at a CAGR of around 7.6% during the forecast period
Based on the end-use, the global facade market is segmented into commercial, residential, and industrial. The commercial segment of the construction industry is anticipated to experience growth in the coming years. This is due to various factors such as urbanization, economic development, and increasing demand for commercial spaces for businesses, offices, retail, and hospitality purposes. Commercial buildings, including offices, shopping centers, hotels, and restaurants, require aesthetically appealing and functional facades that can enhance the building's appearance, and provide durability, energy efficiency, and sustainability features. As a result, there is a growing demand for innovative facade solutions in the commercial sector, driving the expected growth in this segment of the construction market.
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The Asia-Pacific is projected to grow at a CAGR of 8.1% over the forecast period.
The Asia-Pacific segment is projected to be the fastest-growing region in the global facade market. The rapid pace of urbanization, robust economic growth, and increasing construction activities in countries like China, India, and Japan are driving the demand for facades in the region. The growing need for modern, innovative, and energy-efficient building solutions, along with the rising awareness of sustainability, is propelling the demand for facades in Asia-Pacific. Additionally, the booming commercial real estate sector, infrastructure projects, and the construction of iconic landmarks are further fueling the growth of the facade market in the region. With these factors combined, the Asia-Pacific segment is expected to exhibit significant growth potential in the coming years.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Some of the major players in the global facade market include Saint-Gobain, Permasteelisa Group, Schüco International, Kawneer Company, HansenGroup, Reynaers Aluminium, YKK AP Inc., Aluprof S.A., Sapa Building System, Enclos Corp., Gartner GmbH, Josef Gartner GmbH, Walters & Wolf, Josef Rädlinger Fassaden GmbH, and Glasscon GmbH.
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Recent Developments
In September 2022, Saint-Gobain has expanded its facade portfolio by partnering with Megasol, a leading European provider of building-integrated photovoltaics (BIPV). As part of the agreement, Saint-Gobain has acquired a minority stake in Megasol's business unit responsible for developing and manufacturing BIPV solutions in Switzerland. This strategic expansion has not only widened Saint-Gobain's product offerings but also expanded its customer base. With this collaboration, Saint-Gobain aims to enhance its position in the facade market by incorporating sustainable and innovative BIPV solutions into its portfolio, meeting the growing demand for energy-efficient and environmentally friendly building solutions.
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