Global Facade Market Research and Forecast 2018-2023

Posted by Orion Market Research on September 12th, 2018

Facade is referred to the deceptive outward appearance of the building. Facades covers the roof, ventilator louvers, street awnings, including the vertical and horizontal aspects of the building. Besides just giving an aesthetics to the building, the facade materials are increasingly being used for energy recreation. It helps in temperature management of the buildings due to which the facade market players are developing weather-specific facades. The facades are primarily used in high rising buildings and offices, including in storefronts and residences. The role of facade has increased in the construction sector, majorly due to the changing perception of consumers and the increasing deployment of facades in the exterior appearance of a building.

Browse full report at: Global Facade Market

Global facade market is expected to grow rapidly due to inclination of population towards eco-friendly construction activities such as deployment of solar panels. Major drivers involved in the growth of the market are rising per capita income of people in emerging economies and increasing adoption of facades for enhancing the aesthetics of building. At the same time, the substantial increase in the demand for ventilated facades and metal composite facades is significantly contributing in the growth of the global facade market. The high cost of the facades is the major factor hampering the growth of the market across the globe. The construction of façade costs nearly equal to the total cost of the construction of entire building structure. However, the introduction of novel façade materials such as bio-climatic facades and development of weather-specific facades is expected to propel the growth of the market in the near future.

The facade market can be segmented on the basis of raw material, facade type, and end-use industry. Based on raw material, the market is segmented into glass, wood, metal, ceramic, polyvinyl chloride (PVC), stone, concrete, and others (bio-based and terracotta). Metal segment can further be segmented into aluminum, copper, brass, stainless-steel, and bronze. Based on façade type, the market is segmented into ventilated and non-ventilated. Ventilated facades can further be classified into curtain walls and others (porcelain). Based on end-use industry, the market is diversified into commercial, residential, and industrial. Among the façade type, the ventilated segment holds the largest market share in the global facade market. This is mainly owing to its benefits over non-ventilated facades such as energy saving and provides rich aesthetics.

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