The global façade systems market is primarily driven by increasing demand from the commercial and residential construction industry. Facade systems are employed in creating attractive architectural designs and providing better insulation in residential and commercial buildings. Rising urbanization and growing population have led to rapid infrastructure development activities across the globe. Additionally, commercial spaces such as shopping malls, factories, hospitals are increasingly employing façade systems to provide an aesthetic and sustainable exterior of buildings.
The Global façade systems market is estimated to be valued at US$ 361.49 Bn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030.
Key Takeaways
Key players operating in the façade 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, and W&W Glass. These players are focusing on new product launches, capacity expansion, and mergers & acquisitions to gain a competitive edge in the market.
The key opportunities in the façade systems market include rising demand for sustainable and green buildings, increasing construction of skyscrapers across emerging economies, and growing commercial real estate sector.
Globally, Asia Pacific is expected to witness the fastest growth in the façade systems market during the forecast period. This can be attributed to rapid infrastructure development and urbanization in countries such as China and India. North America and Europe are also anticipated to offer lucrative opportunities for façade system manufacturers owing to stringent building energy codes and renovation of old buildings.
Market Drivers:
– Growing demand for energy-efficient and aesthetically appealing buildings
– Stringent government regulations regarding energy conservation in buildings
– Rapid urbanization and increasing construction spending worldwide
Market Restraints:
– High initial capital requirements
– Require specialized skills and expertise for installation
– Vulnerable to extreme weather conditions
Segment Analysis
The facade systems market is dominated by the non-ventilated segment. Non-ventilated facade systems are preferred over ventilated systems as they provide better insulation and are easier to install and maintain. They reduce thermal transfer between the inner and outer environments of buildings through cavities filled with insulation. Their airtight design helps reduce energy consumption for heating and cooling of buildings.
Global Analysis
In terms of regions, North America dominates the facade systems market due to high demand from the commercial construction sector. Presence of LEED certified green buildings that utilize energy efficient facade systems is driving growth. Europe is another major region on account of stringent building energy codes. Rapid urbanization and growth of the construction industry are fueling demand in Asia Pacific. Countries like China, India and Japan are witnessing highest installations of facade systems to lower operational costs of residential and commercial spaces. Renovation and refurbishment activities in older buildings also contribute to sales across developed markets of Europe and North America.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
