Facade System Global Market Report 2024

Facade systems encompass building envelope components designed to provide weather resistance and thermal, acoustic, and fire resistance. Additionally, they include structural elements that offer lateral and vertical resistance to forces such as wind. These systems are available in a variety of colors and designs, contributing to the reduction of the load on the building's supporting structures.

The primary types of facade systems include wood, metal, glass, ceramic, and concrete. A wooden facade not only shields the main structure from outdoor impacts but also serves as a significant architectural and aesthetic feature. Wood, being a fundamental material for facades, allows for diverse cladding options, along with the use of various profiles and colors. Facade systems come in different forms, such as EIFS, curtain wall, siding, and cladding, catering to end users in residential, commercial, and industrial sectors.

The facade system market research report is one of a series of new reports from The Business Research Company that provides facade system market statistics, including global market size, regional shares, competitors with a facade system market share, detailed facade system market segments, market trends and opportunities, and any further data you may need to thrive in the facade system industry. This facade system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The facade system market size has grown strongly in recent years. It will grow from $337.38 billion in 2023 to $365.52 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The expansion observed in the historical period can be attributed to robust economic growth in emerging markets, an increase in the world population, a low-interest-rate environment, and a rising demand for energy-efficient spaces.

The facade system market size is expected to see strong growth in the next few years. It will grow to $511.95 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The anticipated growth in the forecast period can be linked to global population growth and urbanization, a surge in infrastructure development, rapid industrialization, government emphasis on construction, a rise in single-family constructions, and an increasing focus on sustainability. Key trends expected in the forecast period encompass investments in the development of solar facade systems, a concentration on incorporating AI technologies into facade systems, the emphasis on providing smart facades for use in smart homes, a focus on collaborations and partnerships to expand market share, and a dedication to innovative facade designs with advanced features.

The facade system market is poised for growth due to the increasing emphasis on infrastructure development. Infrastructure development involves constructing essential foundational services to stimulate economic growth and enhance the quality of life. The rise in infrastructural projects is expected to drive demand for building materials, including facade systems. Notably, in September 2021, the Indian government announced INR 1 lakh crore (US$ 13.48 billion) worth of road projects in Jammu and Kashmir, contributing to the development of road infrastructure. The Union Budget 2021 also allocated INR 233,083 crore (US$ 32.02 billion) to enhance transport infrastructure in India. Additionally, the Chinese government allocated USD 30 billion for infrastructure development in Tibet, including expressway construction and upgrades. This surge in infrastructure development is anticipated to support the growth of housing and commercial projects, thereby driving the facade system market.

The growth of the facade system market is further fueled by rapid industrialization. Industrialization entails the transformation of an economy from primarily agricultural to manufacturing-based, leading to urbanization and increased demand for commercial spaces. Industrialization stimulates economic growth, job opportunities, and investments in supporting industries. For instance, industrial production in India saw a year-on-year increase of 3.2% in October 2021, and the demand for office spaces grew by 25% year-on-year in Q1 2022, according to UK-based real estate consultants, Knight Frank. This surge in industrialization is expected to generate demand in commercial construction, contributing to the growth of the facade system market.

A notable trend in the facade system market is the adoption of AI technologies. Companies are increasingly incorporating AI and machine learning to enhance the performance of facade systems. AI is utilized to shade interiors from direct sunlight and reduce heat gain. In March 2021, Polish firm FAAB Architektura introduced the design for the Vertical Oasis tower, incorporating AI, machine learning, and renewable energy harvesting to create a climate-responsive building. AI-driven facade systems are becoming prominent in new building construction, enabling users to monitor plant health and oxygen production. This technological integration represents a significant development in the facade system market.

A major trend is the investment in solar facade systems, which convert sunlight into energy and offer a harmonious integration of photovoltaics into building facades. Companies are focusing on developing advanced solar facades to harness renewable energy. For instance, in March 2022, Canadian solar technology manufacturer Mitrex launched the Solar Brick, a solar-integrated surface that resembles a brick wall but incorporates embedded solar modules. The advantages of solar facades, such as energy generation and aesthetic appeal, are driving innovation in the market.

In August 2022, Ibstock PLC, a UK-based manufacturer of bricks and concrete products, acquired Generix Facades Limited for £1 million ($1.19 million). This strategic acquisition expands Ibstock's facade system product portfolio, providing solutions that combine visual appeal with increased productivity and lower environmental impact. Generix Facades Limited, a US-based company, specializes in ventilated rainscreen facade systems.

Major companies operating in the facade system market report are Louisiana Pacific Corporation, Compagnie de Saint-Gobain S.A, Rockwool International, Nichiha Corporation, YKK Corporation, Kingspan Group, Enclos Corp, Etex Group, Lindner Group, Aluplex, James Hardie Industries PLC, Knauf, Universal Cement Corporation (UCC), USG Corporation, Permasteelisa Group, Jiangsu Paneltek Ceramic Co. Ltd., Qingdao REXI Industries Co. Ltd., Archiclad UK Limited, Alucraft Systems Limited, HAGA Metallbau GmbH, Glasscon GmbH, Technologica Engineering, Fedco Ltd., Spiral, PORR Group, Lerch Bates Inc., AXIS Facades, Georgia-Pacific, Dryvit Systems Inc., Roofway, TSyA SA, PfZ Arquitectos, BRUNZINI Arquitectura, Juntos Somos Mais Fidelizacao SA, Ambar Tech Participacoes SA, Hilti, Fluor Chile Ingenieria y Construction SA, Bouygues SA, JML LLC, Meinhardt Group, PERMASTEELISA SPA, Ramboll Group A/S, Seele verwaltungs GmbH, Nivafer Steel Construction Co. Ltd., Metal Berg Manufacturing Ltd., Saba Steel Industrial Nigeria Ltd., Valostar Steel Construction, Cadcon Steel Construction & Engineering, Karmod Prefabricated Building Technologies, Kwikspace Modular Buildings Ltd., Cube Modular, Fabricated Steel Manufacturing, Concretex

Asia-Pacific was the largest region in the facade systems market in 2023. The regions covered in the facade system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the facade system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The facade systems market includes revenues earned by entities by steel, polyurethane, walling, and panels. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Facade System Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on facade system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for facade system? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The facade system market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Material Type: Wood; Metal; Glass; Ceramic; Concrete
• 2) By Type: EIFS; Curtain Wall; Siding; Cladding
• 3) By End-User: Residential; Commercial; Industrial
• Companies Mentioned: Louisiana Pacific Corporation; Compagnie de Saint-Gobain S.A; Rockwool International; Nichiha Corporation; YKK Corporation
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.