Global Facade Systems Market is valued approximately USD 317.07 Billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.8% over the forecast period 2022-2028.
Facade systems are involving a variety of structural elements that offer vertical and lateral resistance to wind and other movements. It also envelops the building and provides weather resistance and fire, acoustic, and thermal resisting properties. Facade systems are gaining huge traction for the construction of both residential and commercial buildings.
Increasing residential, non-residential construction and infrastructural activities, technological advancements in the glass industry, coupled with execution of stringent regulations to decrease greenhouse gas emissions are major factors that are surging market demand across the globe. For instance, according to Statista, in 2020, the total number of new non-residential construction spending in the United States was accounted with USD 562.07 billion and the amount is projected to reach USD 650.96 billion by 2025.
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Consequentially, rising expenditure on non-residential and residential construction activities is fueling the demand for facade systems, thus, in turn, accelerating the market growth. However, high raw material, installation, and repair costs and lack of awareness regarding the availability of facade systems impede the growth of the market over the forecast period of 2022-2028. Also, growing demand for fiber cement in siding systems and increasing adoption of sustainable siding and cladding material is anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global Facade Systems market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-pacific is the leading region across the world in terms of market share owing to the increasing number of government investments, growing population, and rising demand for low-cost green building materials. Whereas, Europe is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the growing non-residential construction and infrastructural development activities, as well as rising disposable income, would create lucrative growth prospects for the Facade Systems market across the European region.
Major market players included in this report are:
Dryvit Systems Inc.
Terraco Group
Etex Group
James Hardie Industries PLC
Nichiha Corporation
Boral Limited
Louisiana Pacific Corporation
Kingspan PLC
Georgia-Pacific LLC
USG Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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By Type
Cladding
EIFS
Siding
Curtain wall
By End-Users
Residential
Non-residential
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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