Latest News- Facades Market: Residential is expected to lead the End-user segment during 2025-2029

The Facades Market is being driven by Rising residential construction and infrastructural activities

The Facades Market is expected to grow at a CAGR of 9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 161.8 million. The global facades market is experiencing significant growth due to the increasing urbanization and infrastructure investments worldwide. Facade systems are essential components in the construction industry, used for both interior and exterior applications in residential and non-residential buildings. The demand for facades is being driven by the expanding residential and non-residential sectors, as well as developing infrastructure activities in emerging economies. In particular, emerging countries such as India, China, Indonesia, Russia, Turkey, and Brazil are expected to witness increased demand for thermal insulation materials in their facade systems. The expansion of these economies, as indicated by rising GDPs, is leading to increased infrastructure development and construction projects, thereby fueling the growth of the global facades market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Residential
  • Non-residential
• Product
  • Ventilated facades
  • Non-ventilated facades
• Material
  • Glass
  • Metal
  • Plastic and fibers
  • Stones
  • Others
• Type
  • Cladding
  • Curtain wall
  • Exterior insulation and finish system
  • Siding
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising residential construction and infrastructural activities
• Increasing disposable income
• Advancements in Research and development

However, the market also witnesses some limitations, which are as follows:

• High raw material and installation costs
• Shortage of skilled workforce
• Design and renovation challenges

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Market Scope in Facades Market Research Report

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Research Analysis Overview

The Facades Market is experiencing a revival, with recovery from project delays and labor shortages. Energy efficiency and external beautification are key drivers, with solar facade installations, such as Solar Brick, gaining popularity. Building power through solar energy, vertical gardens, and modernization are essential. Construction activities continue, despite weather challenges like snow, rain, wind, and sun. Customer spending power fuels demand for durable, waterproof facade solutions like EIFS and metal composite materials. Fabrication techniques ensure the front face of buildings withstands the test of time.

Market Research Overview

The global building products market encompasses businesses producing building components such as windows and doors, flooring, ceiling and wall fixtures, roofing and gutter materials, insulation materials, cabinets, plumbing fixtures, and home improvement products and equipment. According to Technavio's market analysis, the expansion of the global building products market is attributed to the thriving construction sector in developed and emerging economies. Urbanization and infrastructure development in developing countries for residential and community facilities, including commercial buildings and community centers, are primary growth drivers. Additionally, the integration of energy-efficient and sustainable building materials, such as aluminum and clay, in response to climate change concerns, will further fuel market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/