Global Facade market, which accrued nearly 208.77 (USD Billion) in 2019, is set to record the CAGR of nearly 7.9% over the period from 2020 to 2026.
New York, United States - November 2, 2020 /MarketersMedia/ —
As per forecasters at Zion Market Research, the global facade market size was capitalized at USD 208.77 billion in 2019 and is expected to witness a CAGR of over 7.9% during 2020–2026. The rise in building-related activities has been a significant aspect of boosting the market. Additionally, technical innovations are resulting in the advancement of energy-saving facade materials. These highly developed products take up solar energy and find a prevalent adoption in many residential and commercial buildings as a secondary source for electricity production. The facade market is anticipated to develop at a significant rate during the forecasted period. This development can be attributed owing to rising customer spending, mainly in Japan, China, Brazil, India, and GCC (Gulf Cooperation Council) countries, with the need to present a safe work environment for employees.
Some of the key players in the market are Permasteelisa North America; Enclos Corp.; Harmon Inc.; Walters & Wolf; SEPA; Xiamen China-Nice Manufacturing and Trading Co., Ltd.; and Jinjiu Sci-Tech New Material Co., Ltd.
Rise In Building And Renovation Activities Likely To Drive The Global Facade Market
The enduring urbanization and modernization are playing a very important role in the expansion of the market. During the construction of facades, there are several factors such as durability, waterproofing, fabrication, and resistance to extreme climate. The changing insights of consumers and augmenting focus on the external appearance of construction are expected to spur the growth of the market. Increasing disposable earnings is causing surged investments in renovations, which in return is predicted to expand the market. Analysts predict that growing investments for the development in the commercial & residential construction industry in emerged countries such as the U.S. can fuel the development of the market.
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The global facade market is bifurcated on the basis of type, end use, and regional analysis. Based on the type, the market is divided into curtain wall, cladding, EIFS, and siding. Based on the end use, the market is categorized into residential and non-residential.
Rising Constructions Across The Asia Pacific Region Is Likely To Boost The Global Facade Market
Based on the geographical analysis, the global facade market is divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. The Asia Pacific region ruled the market with almost 37.6% of market share in regards to the revenue during 2018. The augmenting building of new industrial & commercial buildings in countries, including India, China, and Southeast Asia, is adding to the development of the region. In addition, the development of pioneering and eco-friendly materials is also likely to pitch the customers, mostly in the U.K. and the U.S., to renovate or redevelop buildings. The Europe and North America regions, communally, accounted for over 46.3% of the total market share during 2019, due to rising affinity toward superior facade materials.
The global façade market is segmented as follows:
By type:
Siding
Cladding
EIFS
Curtain wall
By end use:
Residential
Non-residential
By region:
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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