Facades are primarily used for the protection of the building interior along with improving the look of the constructed houses or buildings. It is the representation of an architect’s creative vision, creating an eye-catching, unique, and out-of-the-ordinary. Factors such as materials and technology play a key role in determining the quality of the facades. The global facades market is expected to gain prominence over the forecast period owing to several benefits they offer.
Facade panels save the cost of purchasing cement or tile adhesives along with the special materials required for the wall reinforcement. Facade panels are 2.5-3 times cheaper than stone decorations with comparable visual results. They also aid in the easy, fast, and inexpensive mounting. Once a person gets acquainted with the mounting instructions, he can mount facades, thereby not investing in inviting any professional mounting specialists.
Furthermore, the escalating need to lower the air conditioning & heating costs to achieve greater efficiency is expected to fuel the facades demand. In addition, facades enhance buildings’ appearance by offering a superior look, which is a chief priority for an organization’s corporate headquarters. However, these remarkable glass-fronted buildings demand the highest energy; as such, regulating their temperature is taxing.
The surging energy demand across the globe has instigated the development of energy-efficient facades. The European and North American building markets demand thermal performance and energy efficiency from their facade systems. Stringent performance requirements coupled with higher energy costs have led to the development of solutions such as triple glazing and double wall systems more familiar in the European facades.
The European Union has set up a goal to lessen energy consumption across the continent by 20% till 2020. The European energy costs are significantly high, unlike the low energy costs in North America. Thus, incentives are offered to rapidly espouse energy codes and design facades in this region, which may lower energy consumption and build positive energy spaces. The major aim is to construct buildings that sustain energy as well as reduce energy consumption, without hampering functionality and aesthetics.
The government initiatives toward infrastructure development and the rise in the PPP model enhance the construction of commercial properties across the globe. This has been attributed to the growth of the facades, owing to the increase in the construction of residential, commercial, and industrial buildings across the globe. Projects such as smart cities and housing for all by the Indian Government by 2020 are the key driving factors boosting the construction market. The aging population may result in the construction of hospitals and healthcare facilities in China. The growing use of shale gas across the Americas has led the government to increase spending on the development of the oil & gas sector. Additionally, the rise in the cap amount of home mortgage loans, coupled with the lenient regulation about loan acceptance, also augmented the residential construction in the U.S. The construction market in Europe is expected to grow at a slower pace, owing to the economic crisis restricting investments in construction. The invasion of migrants into Western Europe is an influencing factor in the residential construction. Numerous infrastructural reforms in Latin American countries may catalyze industry growth.
Fulfilling more severe performance goals while constructing complex facades has emerged as a major challenge for the facades industry. Manufacturers are challenged with creating glass & coating components that offer aesthetics with high visible light transmission and little solar heat gain for efficiency. Simultaneously, the need to promise the designers and architects the design freedom to use complex shapes, curved glass, geometries, and other superior aesthetic qualities. A major challenge that arises for manufacturers is their leniency in offering design freedom while simultaneously being sensitive to the building footprint and longevity. Manufacturers are often stuck in fulfilling construction goals that not only energy-sustainable buildings but also ones that aim at reducing energy consumption without affecting the functionality or aesthetics. Furthermore, the usage of curtain walls that offer several benefits possess various disadvantages too which must be handled by the constructors. One of the foremost disadvantages of curtain walls is the necessity for steady maintenance. To keep out wind and moisture, a sealant must be smeared on the perimeter and the same must be substituted every 10 years or so.
This section will provide insights into the contents included in this facade market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Market drivers and restraints
Key market opportunities prioritized
Latest strategic developments
Market size, estimates, and forecast from 2017 to 2028
Market estimates and forecast for product segments up to 2028
Regional market size and forecast for product segments up to 2028
Market estimates and forecast for application segments up to 2028
Regional market size and forecast for application segments up to 2028
Company financial performance
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