The new report by Expert Market Research titled, ‘Global Facade Market Price, Trends, Growth, Analysis, Report and Forecast 2020-2025′, gives an in-depth analysis of the global facade 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.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
The key highlights of the report include:
Market Overview (2015-2025)
- Forecast Market Size (2025): USD 320 billion
The global facade 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 facade 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.
Read Full Report with Table of Contents –https://www.expertmarketresearch.com/reports/facade-market
Industry Definition and Major Segments
Facade 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 Facade
- Non-Ventilated Facade
- Curtain Wall Facade
Based on material, the market can be segmented into:
- Plastics and Fibres
- Construction Stone
On the basis of applications, the market is categorised into:
By regions, the market is segmented into:
- North America
- Middle East and Africa
- Asia Pacific
- Latin America
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 facade. 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 (EPA: SGO), Norsk Hydro ASA (OTCMKTS: NHYDY), Skanska AB (STO: SKA-B), Kawneer Company, Inc., Schuco 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.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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