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Facades Market Share, Size, Trends & Industry Analysis Report By Product Type (Ventilated, Non-Ventilated, Others); By Application Type (Home, Commercial, Industrial); By Material (Aluminum, Plastic & Fibers, Glass, Glass Fiber Reinforced Concrete (GFRC), Concrete, Others); By Regions: Segment Forecast, 2017 - 2026

  • Published Date:Dec-2017
  • Pages: 101
  • Format: PDF
  • Report ID: PM1032
  • Base Year: 2017
  • Historical Data: 2015-2016

Report Summary

The worldwide façades market size is estimated to grow at a CAGR of 7.8% during the forecast period. The technical advancements in the construction and infrastructure industry have paved a way for the improvement of energy efficient materials. These materials not only protect the building interiors but also enhance the look of the buildings. Façade panels are cost effective solutions as they reduce the costs for cement or adhesive purchases and are two to three times cheaper than the stone decorations. Façade panels also energy efficient and they reduce the costs for air-conditioning and heating in the buildings. Along with this, they improve the building appearance and looks to a great extent which is in demand these days. All these factors have fueled the market significantly for façades and it is estimated that the market would reach USD 376 billion by 2026.

There has been a significant growth in the construction of residential, commercial and industrial properties globally. Developing nations such as India, China, Brazil have seen a significant growth in the construction industry. Along with this, there has been a strong demand for the advanced material which can lower the cost for energy during changing weather conditions. Due to these reasons, the adoption of facades can be seen globally. This has again pushed the market and it is estimated that this traction would continue during the forecast period.

Segment Analysis

The market for facades has been segmented by product type which include ventilated and non-ventilated, by material type which includes aluminum, plastic & fibers, glass, glass fiber reinforced concrete (GFRC), concrete, and others. The market is further segmented by its applications in home, commercial and industrial usage. Ventilated facades are estimated to have the highest market share and are expected to sustain their growth during the forecast period. This growth is majorly due to the advantages which the ventilated façade provides such heat ventilation and soundproofing. They are also energy efficient and reduces the cost for air-conditioning and heating for the buildings owing to their ventilating capability. They are also available in different designs, textures and colors, thus making them attractive and providing the architects to design the building exteriors as per their creativity.

There are different materials used for the product development, however technological advancements in the composite material development have further pushed the demand for these materials. These materials are strong, amicable, and also provide a good appearance to the building. The use of such composite materials to fabricate veneers is the key pattern affecting the facade market development over the coming years. Basic materials such as aluminum, steel, glass, fiber glass is also used for the product development owing to their less weight, cost and ease of availability. Due to sturdiness and flexible properties, glass and aluminum are expected to be exceedingly favored. These materials make it easy for manufacturers to give the required size and shape to exteriors. The market for glass has the highest market share however the market for plastic and fiber is anticipated to grow with the highest CAGR during the forecast period.

There has been a significant increase in the commercial property construction globally and this trend is estimated to continue during the forecast period. Due to this growing market of commercial construction, the demand for facades has also increased. Facades are cost effective solutions for ventilations in both hot and cold regions. Construction companies install facades due to its features and saves huge on the construction costs. Countries such as India, Brazil and China are witnessing growth and there has been a significant construction of malls, multiplexes, offices, technology parks, hotels and commercial buildings. This growth has further pushed the market for facades in the commercial sector. High spending capacity of individuals and growth of residential projects through public private partnerships has also pushed the market for facades in this sector and it is estimated that this sector would grow at a higher CAGR following the commercial sector.

Regional Analysis

Asia Pacific region has the market share in this market followed by the Middle East and Latin American region. The growth in these regions is majorly due to growing industrialization and growth of smart cities in countries such as India, China, and Brazil. The growth in the Middle East region is due to the extreme climatic conditions which demands energy efficient solutions in their buildings. The demand is also expected due to large construction projects which are planned by the governments in this region. North America and Europe on the other hand are expected to have a considerable market share in this market. Major countries in this region such as U.S., UK, Germany are redeveloping their buildings with advanced materials for achieving their energy efficiency goals. This has propelled the facades market in this region.

Competitive Landscape

Major industry players include Fundermax, Rockpanel Group, EOS Facades Limited, YKK AP, Enclos, and Wicona (SAPA Buildings  Systems GmbH) among others.

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