Facade Systems Market to Grow with a CAGR of 6.19% through 2028
Urbanization and high-rise building construction and
sustainable construction practices are likely to drive the market in the
forecast period.
According to TechSci Research report, “Facade
Systems Market – Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global Facade Systems Market stood at USD
98.11 billion in 2022 and is anticipated to grow with a CAGR of 6.19% in the
forecast period. One of the primary drivers propelling the global facade
systems market is the increasing emphasis on energy efficiency and
sustainability in building design and construction. As societies worldwide
confront the challenges of climate change and environmental degradation, there
is a growing recognition of the role buildings play in energy consumption and
carbon emissions. This realization has led to several developments driving the
adoption of advanced facade systems. Governments and regulatory bodies in many
regions have implemented strict energy efficiency regulations and building
codes. These mandates often require buildings to meet specific energy
performance standards. Facade systems are integral to achieving these
standards, as they play a crucial role in insulation and temperature
regulation. Green building certification programs like LEED (Leadership in
Energy and Environmental Design) and BREEAM (Building Research Establishment
Environmental Assessment Method) reward sustainable construction practices.
These programs often encourage the use of high-performance facade systems, such
as those with excellent thermal insulation and renewable energy integration.
Energy-efficient facade systems can significantly reduce a building's long-term
operational costs by minimizing heating, cooling, and lighting expenses. This
financial incentive motivates building owners and developers to invest in
advanced facade solutions that contribute to energy savings.
There is a growing market demand for sustainable and
environmentally responsible buildings, driven by consumer preferences,
corporate sustainability initiatives, and investor interests. Facade systems
that enhance energy efficiency and sustainability contribute to the
marketability of such buildings. Ongoing technological advancements in
materials and building systems have led to the development of innovative facade
solutions. These include dynamic shading systems, smart glass, and advanced
insulation materials, all of which improve energy performance. As extreme
weather events become more common, facade systems are also being designed to
enhance climate resilience. Durable and weather-resistant materials can protect
buildings from severe weather conditions, reducing repair and maintenance
costs.
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The Global Facade Systems Market is segmented into
type, application and region. Based on application, The Residential segment had the
largest market share in 2022 & expected to mainatain in the forecast
period. In many regions, there has been a surge in residential construction due
to population growth, urbanization, and increased housing demand. This housing
boom can lead to an uptick in the demand for facade systems tailored to
residential buildings. Modern residential architecture increasingly emphasizes
aesthetics, energy efficiency, and sustainability. As a result, homeowners and developers
are seeking innovative facade systems to enhance the visual appeal and
sustainability of residential structures. In response to climate change
concerns, governments in various countries have introduced stringent energy
efficiency regulations. These regulations often apply to both commercial and
residential buildings, but they can influence the demand for energy-efficient
facade systems in residential construction. Homeowners and developers are
increasingly interested in obtaining green building certifications like LEED
for Homes or ENERGY STAR for residential projects. These certifications
encourage the use of sustainable building practices and energy-efficient facade
systems in residential buildings.
Based on type, The Ventilated segment had the largest
market share in 2022 and is projected to experience rapid growth during the
forecast period. Ventilated facade systems are often chosen for their superior
energy efficiency and sustainability characteristics. They provide a thermal
barrier between the exterior and interior of a building, reducing heat gain in
the summer and heat loss in the winter. This can result in significant energy
savings and a reduced carbon footprint, aligning with global sustainability
goals and building regulations. Ventilated facades excel at managing moisture.
The air gap between the cladding and the building structure allows for natural
ventilation, which helps prevent the accumulation of moisture within the wall
system. This reduces the risk of mold, mildew, and structural damage,
contributing to the longevity of the building. Ventilated facade systems can
contribute to better indoor comfort by helping to regulate the building's
temperature. They minimize the "greenhouse effect" common in
non-ventilated systems, where heat can accumulate between the cladding and the
structure, making indoor spaces uncomfortably warm.
Major companies operating in the Global Facade
Systems Market are:
- Compagnie de Saint-Gobain S.A
- AGC Inc.
- Knauf Gips KG
- Rockwool A/S
- Schüco International KG
- YKK AP Inc
- Sapa Group
- Toray Industries Inc
- Alcoa Corporation
- Etex Group
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“The Global Facade Systems market is expected to rise
in the upcoming years and register a significant CAGR during the forecast
period. The growth of the global facade systems market is driven by the
increasing demand for energy-efficient and sustainable buildings. Facade
systems can help to improve the energy efficiency of a building by reducing
heat loss and gain. They can also help to improve the sustainability of a
building by using recycled materials and by being designed to minimize the
environmental impact. In addition, the growing urbanization and rising
disposable incomes are also driving the demand for facade systems. Urbanization
is leading to an increase in the demand for high-quality and stylish buildings.
Rising disposable incomes are also making people more willing to spend on
high-end products such as facade systems. Therefore, the market of Facade
Systems is expected to boost in the upcoming years.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Facade Systems Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented
By Type (Ventilated, Non-Ventilated, and Others),
By Material (Glass, Metal, Plastic and Fibres, Stones, and Others), By
Application (Commercial, Residential, and Others), By Region, By Competition Forecast &
Opportunities, 2018-2028F”, has evaluated the future growth potential of Global
Facade Systems Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Facade Systems
Market.
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