Press release
Facade System Global Market Worth $511.95 Billion By 2028 Rapid Growth Predicted CAGR of 8.8% | YKK Corporation, Kingspan Group, Enclos Corp, Etex Group, Lindner Group
Facade System Global Market
Facade System Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $511.95 billion In 2028 At A CAGR Of 8.8% :
The facade system market size has grown strongly in recent years. It will grow from $337.38 billion in 2023 to $365.52 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to strong economic growth in emerging markets, growth in world population, low interest rate environment and growing demand for energy-efficient spaces.
The facade system market size is expected to see strong growth in the next few years. It will grow to $511.95 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to global population growth and urbanization, increasing infrastructure development, rapid industrialization, government focus towards construction, rising single family constructions and increasing focus towards sustainability . Major trends in the forecast period include investing in developing solar façade systems, focusing on ai technologies in façade systems, focus on offering smart façades to be used in smart homes, focus on collaborations and partnerships in order to increase market share and focus on innovative façade designs having advanced features.
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Facade System Market Major Segments
The facade system market covered in this report is segmented -
1) By Material Type: Wood, Metal, Glass, Ceramic, Concrete
2) By Type: EIFS, Curtain Wall, Siding, Cladding
3) By End-User: Residential, Commercial, Industrial
Key Driver - Infrastructure Development Surge Fuels Demand For Facade Systems In Global Construction Sector
Increasing infrastructure development is expected to increase the growth of the facade system market. Infrastructure development refers to the construction of basic foundational services to stimulate economic growth and quality of life improvement. The increasing infrastructural development is expected to generate demand for building materials such as facade systems. For instance, in September 2021, the Indian government announced road projects worth INR 1 lakh crore (US$ 13.48 billion) to develop road infrastructure in Jammu and Kashmir. In the Union Budget 2021, the government has given a massive push to the infrastructure sector by allocating INR 233,083 crore (US$ 32.02 billion) to enhance the transport infrastructure. In December 2021, the Chinese government allocated USD 30 billion to develop the infrastructure in the remote Himalayan province of Tibet, including building new expressways and upgrading the present ones that have been laid out up to the Indian borders. As a part of the Chinese 14th Five-Year Plan, China will spend about 190 billion yuan (about USD 29.3 billion) in the 2021-2025 period on transportation infrastructure projects. Thus, the increasing infrastructure development will support the growth of different housing and commercial projects, driving the growth of the facade system market.
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Prominent Trend - Ai-Enhanced Facade Systems For Optimal Performance And Environmental Impact
Companies in the facade system market are increasingly adopting AI technologies in facade systems. AI and machine learning are capable of improving facade system performance. The facade system uses AI technology to shade the interiors from direct sunlight and reduce heat gain. Companies are focusing on using AI-driven facade systems in new building construction. For example, in March 2021, Polish firm FAAB Architektura released the design for a 53-story tower dubbed Vertical Oasis. The building will be capable of changing the climate in its immediate proximity through a combination of geometry, vertical gardens, artificial intelligence, machine learning, and renewable energy harvesting. The facade used will be paired with a mobile application driven by AI and machine learning that will be capable of improving its performance. Users will be able to monitor how each plant is doing and how much oxygen is being produced. The tower's facade will also use opaque and transparent building-integrated photovoltaic materials to harvest solar energy.
Facade System Market Players
Major companies operating in the facade system market report are Louisiana Pacific Corporation, Compagnie de Saint-Gobain S.A, Rockwool International, Nichiha Corporation, YKK Corporation, Kingspan Group, Enclos Corp, Etex Group, Lindner Group, Aluplex, James Hardie Industries PLC, Knauf, Universal Cement Corporation (UCC), USG Corporation, Permasteelisa Group, Jiangsu Paneltek Ceramic Co. Ltd, Qingdao REXI Industries Co. Ltd, Archiclad UK Limited, Alucraft Systems Limited, HAGA Metallbau GmbH, Glasscon GmbH, Technologica Engineering, FEdco Ltd, Spiral, PORR Group, Lerch Bates Inc, AXIS Facades, Georgia-Pacific, Dryvit Systems Inc, Roofway, TSyA SA, PfZ Arquitectos, BRUNZINI Arquitectura, Juntos Somos Mais Fidelizacao SA, Ambar Tech Participacoes SA, Hilti, Fluor Chile Ingenieria y Construction SA, Bouygues SA, JML LLC, Meinhardt Group, PERMASTEELISA SPA, Ramboll Group A/S, Seele verwaltungs GmbH, Nivafer Steel Construction Co. Ltd, Metal Berg Manufacturing Ltd, Saba Steel Industrial Nigeria Ltd, Valostar Steel Construction, Cadcon Steel Construction & Engineering, Karmod Prefabricated Building Technologies, Kwikspace Modular Buildings Ltd, Cube Modular, Fabricated Steel Manufacturing, Concretex
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the façade systems market in 2022. The regions covered in the facade system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Facade System Market Report Structure
3. Facade System Market Trends And Strategies
4. Facade System Market - Macro Economic Scenario
5. Facade System Market Size And Growth
…..
27. Facade System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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