Facades Market Boom in the Retail Industry to Induce Growth Increasing Demand Forecast Till 2023
Market Highlights:
The global facades market is anticipated to witness sustainable growth throughout the forecast period. Increased consumption of facades in Asia-Pacific, the growing construction industry, investment in material R&D, and supportive government regulations & initiatives is expected to drive the demand for facades. However, fluctuation in raw material prices and unavailability of skilled labor, is expected to hinder the growth of the market.
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North America region, to see a gradual increase in the
Facades market over the forecast period:
Based on region, the global facades market has been segmented into North
America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America
region dominated the global market, followed by Europe, primarily due to the
increasing investments in Research & Development for advanced materials
along with stable growth in the private construction market. The rise in
construction industry is attributed to private housing, commercial and
infrastructure construction growth. Moreover, various benefits of facades such
as cost-effectiveness, durability, and energy saving capabilities has further
enhanced the demand for this market.
Commercial segment, to occupy a dominant position in the
overall facades market:
Based on application, the commercial segment is expected to exhibit maximum
growth rate between the period of 2018 to 2023. The reason is attributed to the
rapid expansion of multi-national companies and manufacturing units, especially
in the region of Asia-Pacific, which has resulted in the growing office spaces,
and manufacturing units. This is backed by increased spending by the corporates
on various construction developments.
Scope of the Report:
This study provides an overview of the global facades market, tracking
three market segments across four geographic regions. The report studies key
players, providing a five-year annual trend analysis that highlights market
size, volume and share for North America, Europe, Asia-Pacific and the rest of
the world (ROW). The report also provides a forecast, focusing on the market
opportunities for the next five years for each region. The scope of the study
segments the global facades market by material, by product, by end-user, and by
region.
- By Material
- Glass
- Wool
- Aluminum
- Others
- By Product
- Ventilated
- Non-ventilated
- By End-user
- Residential
- Commercial
- Industrial
- By Region
- North America
- Asia-Pacific
- Europe
- Rest of the World
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Key Players:
The prominent players in the Facades market are Enclos Corp. (US),
Permasteelisa S.p.A. (Italy), Walters & Wolf (US), Jinjiu Sci-Tech New
Material Co. (China), Harmon Inc. (US), Rautaruukki Corporation (Finland),
Hansen Group (Denmark), EOS Facades Limited (England), Rockpanel Group, and
National Enclosure Company, LLC (US) among others.
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