New York 5 April 2019: The Report “Facades
Market Share, Size, Trends & Industry Analysis Report By Product Type
(Ventilated, Non-Ventilated, Others); By Application Type (Home, Commercial,
Industrial); By Material (Aluminum, Plastic & Fibers, Glass, Glass Fiber
Reinforced Concrete (GFRC), Concrete, Others); By Regions: Segment Forecast,
2017 - 2026” The global facades
market is anticipated to reach USD 376 billion by 2026 according to a new
report published by Polaris Market Research.
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Owing to the
need to bring down the cost incurred in heating and cooling down the buildings,
and for achieving power efficiency, the market for facades is gaining traction.
Companies these days are also using composite materials which offer strength,
and flexibility and can be used to give a good appearance to the buildings. All
these factors are anticipated to drive the demand for facades and the market is
expected to grow with a CAGR of 7.8% during the forecast period.
There has been
a substantial rise in the commercial building’s developments such as malls,
offices, multiplexes, technology parks, hotels etc. in countries such as India,
China and Brazil. These commercial buildings demand energy efficient solutions
which are cost effective and can reduce the overall cost for air conditioning
and heating. Construction companies are installing facades to achieve this,
thus achieving large cost cutting. This has pushed the market for facades
significantly.
Ventilated
facades market has the largest market share owing to the factors such as heat
ventilation and soundproofing. On the other hand, basic materials such as glass
and aluminum are favored in the market due to availability, light weight and
cost. Composite materials are also being adopted in the market and are expected
to push the market during the forecast period. There has been an increasing
demand in green buildings and structures and government from many countries are
focusing on building these green structures. Facades are used by different
construction companies to achieve these goals.
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In the recent
years, the worldwide facade market has displayed a huge development. Pushed by
the rising interest for alternative energy sources through business and private
infrastructure development, the market has grown at a high pace. This is
attributable to the most recent technical progressions, which prompted the
boost of power saving façade materials. As a result, the market is presumed to
expand extensively as the infrastructure activities are seen to be developing
at a vigorous pace. Asia Pacific region is anticipated to have the largest
market share followed by Latin America.
This is majorly
due to growing economies in these regions. The market in the Middle East region
is also gaining traction owing to harsh climatic conditions and large
construction projects which are being carried out in this region. North America
and Europe have a considerable market share owing to redevelopment projects.
Implementation and adoption of smart cities and smart buildings globally has
significantly pushed this market.
Key Findings
from the study suggest the ventilated facade market is projected to witness a
huge development during the forecast period due to benefits such as energy
saving and rich ambience. The commercial application segment was the dominant
section in 2017, and the facade demand is expected upon to increase over the
coming years. Asia Pacific is estimated to dominate the global facades market
over the forecast years and North America, Europe region shows signs of growth
potential. Government activities towards infrastructure advancement and the
ascent in development of business properties over the globe has supplemented to
the development of the façade market.
Major industry
players include Fundermax, Rockpanel Group, EOS Facades Limited, YKK AP,
Enclos, and Wicona (SAPA Buildings Systems GmbH) among others.
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Key Segments:
Facades Market Size and Forecast by Product
Type
·
Key findings
·
Ventilated (Curtain wall, Others)
·
Non-Ventilated
·
Others
Facades Market Size and Forecast by
Application Type
·
Key findings
·
Home
·
Commercial
·
Industrial
Facades Market Size and Forecast by
Material Type
·
Key findings
·
Aluminum
·
Plastic & fibers
·
Glass
·
GFRC
·
Concrete
·
Others
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About Polaris
Market Research
Polaris Market Research is a global market research and
consulting company. The company specializes in providing exceptional market
intelligence and in-depth business research services for our clientele spread
across different enterprises. We at Polaris are obliged to serve our diverse
customer base present across the industries of healthcare, technology,
semi-conductors and chemicals among various other industries present around the
world. We strive to provide our customers with updated information on
innovative technologies, high growth markets, emerging business environments
and latest business-centric applications, thereby helping them always to make
informed decisions and leverage new opportunities. Adept with a highly
competent, experienced and extremely qualified team of experts comprising SMEs,
analysts and consultants, we at Polaris endeavor to deliver value-added
business solutions to our customers.
Contact us
Mr. Rohit
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
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