Global Facade Market 2022-2028

Global Facade Market 2022-2028

The global facade market is anticipated to grow at a considerable CAGR of 8.1% during the forecast period. A facade is referred to the deceptive outward appearance of the building. Facades cover the roof, ventilator louvers, and street awnings, including the vertical and horizontal aspects of the building. Besides just giving aesthetics to the building, the facade materials are increasingly being used for energy recreation. It helps in temperature management of the buildings due to which the facade market players are developing weather-specific facades. The facades are primarily used in high rising buildings and offices, including in storefronts and residences. The role of the facade has increased in the construction sector, majorly due to the changing perception of consumers and the increasing deployment of facades in the exterior appearance of a building.

Impact of COVID-19 Pandemic on Global Façade Market

COVID-19 pandemic crippled most industries owing to the restrictions to resist the spread of the virus. It stuck most of the construction work and impacted the façade industry for months. The impact grew further as a lot of workers left for their hometowns which created a scarcity of workers. However, it also showed positive effects as the demand grew exponentially as the situation got normalized owing to the pandemic shiftedthe people’s preference to spend their time indoors, which generated a critical needfor ventilation and cooling. The COVID-19 pandemic stimulated the need for creating a healthy environment in the office, residential, and public spaces, which accelerated the demand for opening elements for curtain wall façades.

Segmental Outlook

The global facade market is segmented based on the raw material, façade type, and end-user industry. Based on the raw material, the market is segmented into glass, wood, metal, ceramic, polyvinyl chloride (PVC), stone, concrete, and others. The metal segment is further sub-segmented into aluminum, copper, brass, stainless steel, and bronze. The other raw material includes bio-based and terracotta. Based on the façade type, the market is sub-segmented into the ventilated, and non-ventilated. The ventilated façade type is further segmented into curtain walls and porcelain. Based on the end-user industry, the market is sub-segmented into the commercial, residential, and industrial. The above-mentioned segments can be customized as per the requirements. Based on type ventilated facades are anticipated to hold the prominent share while based on end-user industry commercial is projected to gain the major share during the forecast period.

Global FacadeMarket Share by Façade Type, 2021 (%)

Global Facade Market Share by Façade Type

The Ventilated Segment Anticipated to Hold Prominent Shares in the Global Façade Market

Among the façade type, the ventilated segment is estimated to hold the prominent market share in the global facade market. This is mainly owing to its benefits over non-ventilated facades such as energy-saving and provides rich aesthetics. This has increased the demand for the ventilated façade for most the buildings, and future construction. The market players are also focusing on the segment prominently by launching new innovative ventilated facades’ ideas, and designs to gain an edge in the ongoing competition. For instance, in June 2021,Paroc published a well-insulated ventilated façade design, which offers guidelines fordesigning the ventilation of facades of diverse heights and for selecting the right windshield and thermal insulation products.

Regional Outlooks

The global facade market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America).The market can be analyzed for a particular region or country level as per the requirement. North America is projected to hold a prominent share in the market during the forecast period while the Asia Pacific is estimating the fastest growth rate in the upcoming years.

Global FacadeMarketGrowth, by Region 2022-2028

Global Facade Market Growth, by Region

The North America Region Anticipated to Grow Significantly in the Global FacadeMarket

North America is projected to be the most opportunistic region in the global facade market over the forecast period. This is due to the increasing development of eco-friendly construction activities such as bio-climatic facades and other modern facades. Moreover, the government's initiatives in the development of the smart industrial sector are expected to positively impact the revenue of the facade market in the region.

Market Players Outlook

The major companies serving the global facade market include AXIS Facades, Empire Facades Pvt Ltd, Saint-Gobain Glass Façade, TATA Steel Europe Ltd, Walters & Wolf, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in July 2021, Lerch Bates Inc. acquired AXIS Facades USA. Lerch Bates' global position in technical consulting services for the built environment, such as vertical transportation, building logistics, façade access, and building enclosure consultancy, which strengthened and expanded as a result of the purchase.

The Report Covers

Market value data analysis of 2021 and forecast to 2028.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global facade market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.