The Global Facade Systems Market size was estimated at USD 66.08 billion in 2022 and expected to reach USD 69.60 billion in 2023, projecting growth at a CAGR of 6.04% to reach USD 105.68 billion by 2030.
Market Statistics:
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make better decisions. In this report, the years 2018 to 2021 are considered as historical years, 2022 as the base year, 2023 as the estimated year, and years from 2024 to 2030 are considered as the forecast period.
Cumulative Impact of COVID-19:
The COVID-19 pandemic has had an immense economic impact worldwide and has severely disrupted global markets. The facade systems market has not been immune to this impact; demand for facade systems has dropped due to decreased construction activity caused by economic lockdowns around the world. Additionally, supply chain disruptions caused by widespread border closures have further hindered production and decreased product availability.
Cumulative Impact of Russia-Ukraine Conflict:
The conflict between Russia and Ukraine significantly affects facade system markets worldwide. Sanctions imposed by governments around the world against Russia due to the conflict have led to increased costs for importing materials from Russian suppliers, resulting in higher prices for products that rely on these materials. Additionally, decreased trade relations with Ukraine due to sanctions have reduced export opportunities for European manufacturers seeking to sell their products into Ukrainian markets.
Cumulative Impact of High Inflation:
High inflation rates in many countries across the globe have impacted facade system markets, leading to increased costs for manufacturers and consumers alike. Manufacturers are being forced to raise prices due to increased input costs stemming from higher inflation rates, while consumers are finding it more challenging to purchase facade systems due to their increased cost. These obstacles can lead to decreased demand which can further hinder production and cause prices to rise even more.
Market Dynamics:
The market dynamics represent the ever-shifting landscape of the Global Facade Systems Market by providing actionable insights into supply and demand levels. Taking such factors into account helps inform strategies, investments, and future developments to capitalize on opportunities or avoid potential pitfalls related to political, geographical, technical, social, and economic conditions. Such market observations also highlight consumer behaviors while influencing both manufacturing costs as well as consumer purchasing decisions.
- Drivers
- Growing Popularity in Residential and Commercial Sectors to Provide the Thermal And Weather Resistance
- Rise in the adoption of environment friendly facade products to promote energy efficiency
- Increasing demand of facade systems due to high durability of siding and cladding systems
- Restraints
- High cost of raw materials and installation of facade systems
- Opportunities
- Favorable investment landscape in building & construction industry
- Advancement in the facade technology to create an integrated grid system
- Challenges
- Stringent government regulations pertaining to the production of facade systems
Market Segmentation & Coverage:
- Based on Product, the market is studied across Cladding, Curtain Wall, Exterior Insulation & Finish system, and Siding.
- Based on Material Type, the market is studied across Ceramic, Concrete, Glass, Metal, and Wood.
- Based on End-use, the market is studied across Non-residential and Residential.
- Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.
This research report categorizes the Global Facade Systems Market in order to forecast the revenues and analyze the trends in each of the following sub-markets:
Company Usability Profiles:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Facade Systems Market, including ACC Limited, AFS International B.V., AGC Inc., Alfa Facade Systems Pvt. Ltd., Asahi India Glass Limited, BASF SE, Boral Limited, Bouygues, Central Glass Co., Ltd., Compagnie de Saint-Gobain, Etex NV, Guardian Industries Holdings, LLC by Koch Industries, Inc., James Hardie Industries PLC, Kingspan Holdings (Ireland) Limited, Knauf Digital GmbH, Louisiana-Pacific Corporation, Nichiha Corporation, Nippon Sheet Glass Co., Ltd., Norsk Hydro ASA, RPM International Inc., Sika AG, Sto SE & Co. KGaA, Tata Steel Limited, Terraco Holdings Ltd., and Universe Corporation.
The report provides insights on the following pointers:
- Market Penetration: Provides comprehensive information on the market offered by the key players
- Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
- Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
- Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
- Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
- What is the market size and forecast of the Global Facade Systems Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Global Facade Systems Market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the Global Facade Systems Market?
- What is the competitive strategic window for opportunities in the Global Facade Systems Market?
- What are the technology trends and regulatory frameworks in the Global Facade Systems Market?
- What is the market share of the leading vendors in the Global Facade Systems Market?
- What modes and strategic moves are considered suitable for entering the Global Facade Systems Market?