The global facade market size was valued at USD 205.89 billion in 2018. It is poised to register a CAGR of 7.6% from 2019 to 2025. The rise in construction-related activities has been an important factor in driving the market. Furthermore, technological innovations are leading to the development of energy-saving facade materials. These advanced products absorb solar energy and find widespread adoption in several commercial and residential buildings as a secondary source of electricity generation.
The market is expected to grow at a considerable rate over the forecast period. This growth can be attributed to rising customer spending power, primarily in China, Japan, India, Brazil, and GCC countries, along with the need to provide a secure work environment to employees. Furthermore, the use of metal composite materials offers a durable, harmonious, and modern appearance to the building. Increasing usage of such composite materials to build facades is projected to provide an upthrust to the market over the coming years.
Modernization and urbanization are playing a vital role in the growth of the market. Several factors, including waterproofing, fabrication, durability, and resistance to extreme climate, come to play during the construction of facades. Changing perceptions of consumers and increasing focus on the exterior appearance of a building are anticipated to boost the growth of the market.
Rising disposable income is leading to increased investments in renovations, which in turn is estimated to augment the market. Growing investments for the advancement in the residential and commercial construction industry in developed countries such as the U.S. can stoke the growth of the market.
Ventilated facades are likely to be the most prominent product type during the forecast period. Among the ventilated type, curtain walls are poised to be the fastest-growing sub-segment, owing to their increasing penetration in commercial buildings. They mainly comprise glass materials that can transmit heat to provide a warm atmosphere in regions with low temperatures. As a result, they are also projected to gain high demand in residential applications soon, primarily in the U.S., the U.K., and other colder parts of Europe.
The market, at present, is dominated by classic designs, which are anticipated to be replaced by modern, eco-friendly designs over the coming years. Ease of raw material availability and strong demand in the end-use sector, including the commercial and industrial sectors, owing to recovery of the global economy, is estimated to unfold opportunities for industry players over the forecast period.
Major innovations in composite material development are leading to overcoming several limitations of excess heat and soundproofing. Several basic materials used in the development of the product include aluminum, plastic & fiber, glass, ceramic, and steel. Aluminum and glass-based composite materials are widely used to build facades, owing to their low weight and high transparency respectively.
Aluminum and glass are highly preferred due to their durable and elastic properties. This allows designers to provide proper shape and size to facades. Investments in R & D have also led to the development of eco-friendly or sustainable bio-climatic “second-skin facades” to make use of the environment for building lighting, heating, and cooling.
Facades are extensively used in commercial and residential buildings to protect the interior and provide a visually appealing outer architecture. The product is extensively used in commercial buildings due to the availability of high construction budget among corporates.
Rise in the number of commercial buildings, such as retail stores, hotels, medical centers, warehouses, and garages, in India, China, Brazil, and the Middle Eastern countries are expected to spur the growth of the global facades market over the forecast period.
Implementation of the product in residential buildings is also likely to increase over the next few years owing to rising customer awareness regarding energy saving, primarily in the U.S., the U.K., Germany, and Japan
The Asia Pacific dominated the market with over 37.0% share in terms of revenue in 2018. Increasing the construction of new commercial and industrial buildings in countries, including China, India, and Southeast Asia, is contributing to the growth of the region. Furthermore, the development of innovative, eco-friendly materials is also poised to impel customers, particularly in the U.S. and the U.K., to redevelop/renovate buildings.
North America and Europe, collectively, commanded more than 45.0% of the total market in 2018, owing to a growing affinity towards advanced facade materials. These regions are highly adaptive to new technologies. As a result, penetration of the product in the commercial and residential sectors is projected to be high, thereby positively influencing the market growth.
The major players operating in the market include Enclos Corp.; Permasteelisa North America; Walters & Wolf; Harmon Inc.; and SEPA. The industry has witnessed the entry of several Chinese manufacturers, including Jinjiu Sci-Tech New Material Co., Ltd. and Xiamen China-Nice Manufacturing and Trading Co., Ltd., which has drastically increased competition and may impact well-established players.
Report Attribute |
Details |
Market size value in 2020 |
USD 236.1 billion |
Revenue forecast in 2025 |
USD 342.9 billion |
Growth Rate |
CAGR of 7.6% from 2019 to 2025 |
Base year for estimation |
2018 |
Historical data |
2014 - 2017 |
Forecast period |
2019 - 2025 |
Quantitative units |
Revenue in USD billion and CAGR from 2019 to 2025 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Product, end-use, and region. |
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa. |
Country scope |
U.S.; Canada; U.K.; Germany; Poland; China; India; Japan; Brazil; Mexico; Saudi Arabia; Kuwait; Bahrain; Qatar; U.A.E.; Oman |
Key companies profiled |
Enclos Corp.; Permasteelisa North America; Walters & Wolf; Harmon Inc.; and SEPA. |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For this study, Grand View Research has segmented the global facade market report based on product, end-use, and regions:
Product Outlook (Revenue, USD Billion, 2014 - 2025)
Ventilated
Curtain Walls
Others
Non-Ventilated
Others
End-Use Outlook (Revenue, USD Billion, 2014 - 2025)
Commercial
Residential
Industrial
Regional Outlook (Revenue, USD Billion, 2014 - 2025)
North America
The U.S.
Canada
Europe
U.K.
Germany
Poland
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
Kuwait
Bahrain
Qatar
U.A.E.
Oman
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The global construction industry, once thriving with increased investments, has been severely affected by the suspension of the construction activities in the wake of the ongoing pandemic. Shortage of labors coupled with potential supply chain bottlenecks of materials and equipment is expected to cause project delays in the ongoing funded projects and may lead to reduced spending in the upcoming projects. Uncertainty around the actual duration of the prevailing lockdown makes it hard to anticipate how a recovery in the construction industry will unfold. On similar lines, the HVAC industry has been adversely affected by the COVID-19 outbreak due to the shutting down of several component manufacturing facilities across China, European countries, Japan, and the U.S. This has consequently led to a significant slowdown in the production of HVAC equipment. Lockdowns imposed by the governments in the wake of the Covid-19 outbreak has not only affected manufacturing but also pegged back the consumer demand for HVAC equipment. The report will account for Covid19 as a key market contributor.