Publication Month: Dec 2021 | Report Code: TIPMC00002592 | No. of Pages: 181 | Category: Manufacturing and Construction | Status: Published
In the current competitive market, builders and contractors are using advanced building materials. This aspect includes adopting energy-efficient material in façade solutions and maintaining facade strength and quality for a longer lifespan. Several services such as maintenance & inspection, retrofitting, remote support & hotline packages, repairs & spare parts, and consultation are provided along with façade solutions. These solutions are widely used in commercial places to enhance the building aesthetic and improve protection against environmental challenges. The ongoing popularity of these services is bolstering the growth of global façade market.
Factors such as the growing construction industry supported by favorable government assistance and inclination toward constructing green buildings are impacting the infrastructural projects, thereby positively driving the growth of the façade market. Also, the penetration of advanced insulation material, UPVC, and double skin facades are higher than other materials, as it improves the energy efficiency of the building. Moreover, the advent of sophisticated technologies, such as precast façade panels, is projected to generate ample growth in the façade market.
|Market Size Value in||US$ 195.42 billion in 2021|
|Market Size Value by||US$ 270.91 billion by 2028|
|Growth rate||CAGR of 4.8% from 2021 to 2028.|
|No. of Pages||181|
|No. of Tables||96|
|No. of Charts & Figures||86|
|Historical data available||Yes|
|Segments covered||Material and Application|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
The onset of the COVID-19 pandemic in 2020 led to a grinding halt in infrastructure and construction activities worldwide. As per the analysis reports, all regions suffered a significant downturn in workloads during the first half of 2020. However, the pandemic has led to a shift in people’s preference to spend their time indoors, which creates a critical requirement of ventilation and cooling. The COVID-19 pandemic has stimulated the need to create a healthy environment in residential, office and public spaces, which accelerates the demand for opening elements for curtain wall façades. Since the onset of the pandemic and the consequent restart of commercial activities, building occupants have a higher requirement of circulation of fresh air, access to outdoor spaces, and lower density for physical distancing. Therefore, the global façade market is expected to regain momentum in the post-COVID-19 scenario due to its efficient functionality in ventilation, lighting, and cooling applications.
Prominent players in the façade market in North America are actively taking initiatives and signing projects to accelerate market growth in the post-pandemic period, i.e., mid-2020. In September 2021, Atlas Holdings, in Greenwich (US) acquired Permasteelisa Group. Atlas Holdings owns and operates 22 manufacturing and distribution companies across the world. In July 2020, Enclos Corp. was recognized the 2020 Specialty Contractor of the Year by ENR Southwest for consistent regional development and numerous accomplishments. The recently constructed Allegiant Stadium and major developments in the works at Resorts World Las Vegas have all contributed to the regional façade market growth.
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According to the UN Environment Program, every year, buildings and their construction utilize over 36% of global energy and approximately 40% of global greenhouse gas emissions. For instance, Pelli Clarke Pelli Architects, Inc. (PCPA) has been designing stainless steel into building façades for the past 30 years. In addition, ideally fabricated materials, such as Nickel-containing stainless steel that provides low thermal conductivity, are widely used for structures in corrosive environments or architecturally exposed structural steel applications. Various key players are taking smart approaches, such as incorporating functional façades, including curtain walls that positively impact energy efficiency and high resistance toward weather, heat, noise, light, and glare. These inherent properties of modern façade and rising environmental and energy-related concerns worldwide are bolstering the growth of the global façades market.
Based on material, the façade market is segmented into glass and metal, concrete and steel, ceramic, wood, UPVC, and others. Over the projected period, increasing façade usage in the rapidly rising construction industry for commercial and residential buildings is more likely to raise demand for facades and drive global market growth. Furthermore, the façade combines aesthetics and performance uniquely because of metal's tremendously favorable characteristics, emphasizing the metal façades usage in dwellings. These factors are driving the global façade market based on material.
Based on application, the façade market categorized into residential, commercial, and industrial.
The commercial segment led the façade market with a share of more than 50% in 2020.
Players operating in the façade market adopt various strategies, such as mergers, acquisitions, and market initiatives. A few developments by key players are listed below:
In July 2021, AXIS Facades USA was acquired by Lerch Bates Inc. Lerch Bates' global position in technical consulting services for the built environment, such as vertical transportation, façade access, building logistics, and building enclosure consultancy, which will be expanded and strengthened as a result of the purchase.
In September 2020, Atlas Holdings, in Greenwich (US) has acquired Permasteelisa Group. Atlas Holdings owns and operates 22 manufacturing and distribution companies across the world.
The facade market is segmented into material, application, product type, and geography. Based on material, the market is categorized into glass and metal, concrete and steel, ceramic, wood, UPVC, and others. The glass and metal segment held the largest façade market share in 2020 due to adoption in commercial applications. Based on application, the market is segmented into residential, commercial, and industrial. The commercial facade segment dominated the market pertaining to the fact that facade is a traditional system used in construction to improve aesthetics. Based on product type, the market is segmented into windows, doors, curtain walling, and others. In 2020, the curtain walling segment held the largest share in the façade market.
Geographically, the global façade market is categorized into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). The market in North America is sub-segmented into the US, Canada, and Mexico. The European market is further segmented into France, Italy, Russia, the UK, Germany, and the Rest of Europe. Furthermore, the market in APAC is sub-segmented into India, China, Japan, South Korea, Australia, and the Rest of APAC. The market in Middle East & Africa is sub-segmented into South Africa, the UAE, Saudi Arabia, and the Rest of the MEA. Moreover, the South America (SAM) market is further segmented into Brazil, Argentina, and the Rest of the SAM. In 2020, APAC held the largest share in the façade market.
Axis Facades; Bouygues SA; Enclos Corp.; JML (U.A.E.) LLC; ROCKWOOL International A/S; Ramboll Group A/S; Lindner Group; Aluplex India Pvt Ltd; Benson Curtain Wall (MiTek Industries, Inc.); seele verwaltungs GmbH; Meinhardt Group; Qingdao REXI Industries Co.,Ltd; YKK AP FAÇADE PTE LTD; and Lindner Prater Limited are a few of the prominent façade market players profiled in the research study.