Latest News: Facades Market 2024-2028 - APAC Expected to Drive Significant Growth
According to a research report “ Facades Market” by End-user (Residential, Non-residential) Product (Ventilated facades, Non-ventilated facades) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 133.9 million, at a CAGR of 8.1% during the forecast period. In the global construction sector, the residential segment is experiencing a notable upsurge, driven by population growth and regulatory encouragement. Developing countries like the UAE, Saudi Arabia, and China are witnessing a rapid increase in residential buildings, fueling the demand for advanced facade systems. This trend is anticipated to persist, offering substantial growth opportunities for the facades market..
Browse market data tables, figures, and in-depth TOC on “Facades Market” by End-user (Residential, Non-residential) Product (Ventilated facades, Non-ventilated facades) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By End-user, the Residential segment is projected to dominate the market size in 2024
The residential segment is expected to see significant market share growth during the forecast period, primarily driven by the real estate sector and foreign investments. Innovations in design and architecture are transforming residential construction, while population growth and land shortages are increasing demand for residential buildings. Consequently, this demand is anticipated to drive segment growth throughout the forecast period.
APAC is forecasted to hold the largest market size by region in 2024
APAC is projected to account for 39% of market growth by 2028, with Technavio's analysts highlighting key regional trends and drivers. Emerging economies like China, India, the Philippines, Indonesia, and Thailand are set to boost the facade market. India's construction sector is expected to become the third-largest globally by 2030, aided by a new single-window clearance system for project approvals. Additionally, China's plan to invest over USD 1 trillion in urban infrastructure by 2030, along with rising middle-class incomes and rapid urbanization, is increasing demand for residential and non-residential buildings. This surge in construction across APAC will significantly drive the regional facades market.
The Facades Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Facades Market encompasses various cladding solutions, including EIFS (Exterior Insulation and Finish Systems), to enhance the front face and external faces of buildings. These modern facade installations focus on energy efficiency, utilizing solar power through innovations like Solar Bricks and Solar Façades. The market is significantly influenced by urbanization and modernization trends, customer spending power, and recovery from economic downturns. Durability is a crucial factor, with fabrication techniques ensuring resistance to sun, wind, rain, and snow. Waterproofing is another essential aspect, addressing potential issues in building power and external beautification. Labor shortages and project delays can impact market growth, necessitating continuous improvement and innovation in metal composite materials.
Market Research Overview
The Facades Market encompasses various building components, including wood, metal composite materials, fiber cement, PVC board, and magnesium oxide board, used for the external faces of structures such as warehouses, town halls, theatres, swimming pools, and commercial buildings. Sustainability and energy efficiency are key considerations in today's construction industry, leading to the adoption of green building practices, green office concepts, and the use of eco-friendly materials like fiberglass and glass. Facade systems are essential for ensuring water tightness and wind resistance, as well as providing insulation and energy saving efficiency. With the increasing importance of environmental responsibility and regulatory scrutiny, smart facade systems and solar facade installations, such as Solar Brick, are becoming increasingly popular. These innovations help reduce energy consumption, improve aesthetic appearance, and contribute to the longevity of buildings. Factors like raw material availability, routine maintenance, and customer spending power influence the facades market. Rapid industrialization, climate change, and stringent emission regulations also impact the market, driving the need for composite material development and the use of alternative materials like clay and aluminum. Construction-related activities, such as the construction of warehouses, stadiums, schools, offices, hotels, factories, and colleges, continue to fuel the demand for facade solutions.
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