Global Façade Market Size, Share, Industry Analysis, Growth 2021-2026

Global Façade Market to be Driven by Rapid Urbanisation in the Forecast Period of 2021-2026

The new report titled, 'Global Façade Market Report and Forecast 2021-2026', gives an in-depth analysis of the global façade market, assessing the market based on its segments like types, materials, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.

The key highlights of the report include:

• Market Overview (2016-2026)
• Forecast Market Size (2026): USD 320 billion

The global façade market has undergone numerous technological improvements and changes, particularly those related to weather resistance, durability, waterproofing as well as the incorporation of natural light into the building, with rising investments in research and development. In order to create sustainable and environmentally friendly facades that capture solar energy, significant R&D activities often take place in architecture and construction, thus providing a new source of energy in residential and commercial buildings. The global façade market is expected to be driven by such eco-friendly facades in the coming few years, as demand from prospective buyers, especially in the United States, the UK, Germany, and Japan, has increased.

Industry Definition and Major Segments

Façade refers to an architectural term that translates literally from French to 'face' and typically refers to the exterior of the house. The customer focus on the exterior appearance of a building has guided the market. It also acts like heat, cold, moisture, and noise insulator and protects the structure against damage, together with the addition of its aesthetic appeal.

By type, the industry can be divided into:

• Ventilated Façade
• Non-Ventilated Façade
• Curtain Wall Façade

Based on material, the market can be segmented into:

• Glass
• Metal
• Plastics and Fibres
• Construction Stone
• Others

On the basis of applications, the market is categorised into:

• Residential
• Commercial
• Industrial

By regions, the market is segmented into:

• North America
• Europe
• Middle East and Africa
• Asia Pacific
• Latin America

Market Trends

The market is powered by the growing construction activities worldwide, led by the rising urban population, increasing purchasing power, and new customer perception of the façade. In 2018, the Asia Pacific dominated the industry. The demand in the region is driven by the rising manufacturing, commercial, and residential activities in China, India, and Southeast Asia. The increasing demand for housing due to the rising urbanisation in India is the key driving force behind the market growth, supported by the planning and approval of future building projects, policy initiatives like the approval of INR 60,000 crore for the National Urban Housing Fund and Pradhan Mantri Awas Yojana (PMAY).

Key Market Players

The major players in the market are Rockwool Rockpanel B.V., YKK AP Inc., Saint-Gobain Corporation, Norsk Hydro ASA, Skanska AB, Kawneer Company, Inc., Schüco International KG, Reynaers, and Trimo D.O.O., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.