Facade systems refers to the exterior walls or cladding of a building that protects the indoor construction elements from outside weather effects and acts as a barrier. Facade systems provide durability, aesthetics and protection from external elements like wind, rain and protection. They enhance the structural integrity and aesthetic appeal of the building.
The global Facade Systems Market is estimated to be valued at US$ 361.49 Bn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the facade systems market is the growing demand for energy efficient and sustainable building envelope solutions. Facade systems play a crucial role in enhancing the energy efficiency of buildings by regulating heat transfer and providing insulation. Lightweight and high performance materials like glass are increasingly being used in modern facade designs to maximize daylighting and minimize energy consumption. There is also a rising focus on use of recyclable and environment-friendly materials in facade production to reduce carbon footprint of buildings. Growing construction of green buildings to lower operating costs and utility bills is propelling the demand for advanced insulated facade technologies.
Segment Analysis
The global facade systems market is segmented by type into ventilated, non-ventilated, and curtain wall facades. Among these, the ventilated facade segment dominates the market and accounts for around 35% share owing to its advantages like enhanced insulation and protection against water and air infiltration. The non-ventilated facades segment follows ventilated facade segment and holds around 30% share due to its properties like simple construction and lower maintenance costs.
Key Takeaways:
The global facade systems market is expected to witness high growth, exhibiting a CAGR of 5.7% over the forecast period, due to increasing demand for energy efficient and sustainable buildings.
Regional analysis:
Europe dominates the global facade systems market with around 35% share as many European countries have stringent policies regarding energy efficiency in buildings. Asia Pacific exhibits the fastest growth and growing at a CAGR of around 7% due to rapid infrastructure development activities in developing countries like China and India.
Key players:
Key players operating in the facade systems market are Saint-Gobain, Nippon Sheet Glass, Asahi Glass, Central Glass, Guardian Industries, Schott AG, China Glass Holdings, Xinyi Glass, CSG Holdings, Taiwan Glass, Kibing Group, AGC Glass, PPG Industries, NSG Group, Fuyao Glass Industry Group, Sangalli Group, DuPont, Emerge Glass, Glass Wall Systems, W&W Glass. Saint-Gobain is a major player due to its expertise in sustainable facades made from eco-friendly materials.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
