Global Facade Systems Market - 2023-2030

Market Overview

The Global Facade Systems Market reached US$ 306.7 billion in 2022 and is expected to reach US$ 522.7 billion by 2030, growing with a CAGR of 6.9% during the forecast period 2023-2030.

The Facade Systems Market has experienced significant growth and popularity in recent years. Energy efficiency has become a substantial focus in the facade system market. Facade systems are crucial in reducing energy consumption by improving insulation, incorporating thermal breaks and integrating renewable energy technologies. The market has witnessed increased demand for green and sustainable facade solutions that meet energy codes and certifications.

The presence of key players such as Saint-Gobain, Boral Limited, James Hardie Industries PLC, Kingspan PLC and Dryvit Systems Inc, among others, is consolidating the market, covering a significant share at the global level. The market's top players contribute to more than 75.2% at the worldwide level and are expected to maintain their dominance in the forecast period.

Market Dynamics

Growing Emphasis On Energy-Efficient Solutions

Facade systems play a crucial role in improving the thermal performance of buildings, reducing heat transfer and minimizing energy consumption for heating, cooling and lighting. By integrating insulation materials, high-performance glazing and effective shading devices, energy-efficient facades can significantly reduce the building's overall energy demand. It helps building owners and occupants save on energy costs and reduce their carbon footprint. Various countries across the globe are investing in the adoption of energy-efficient buildings leading to drive the facade systems market.

For instance, in 2020, the Active Glass business unit of AGC Glass Europe is helping to shape the future of facades by launching its cutting-edge SunEwat product line, which offers affordable energy-saving facade solutions without sacrificing design, aesthetics, performance, or quality.

High Cost of Components

Facade systems require detailed engineering and design work to ensure structural integrity, thermal performance and compatibility with other building components. These design complexities, including computer-aided design (CAD) modeling, simulations and analysis, contribute to higher engineering costs.

Furthermore, each building has unique design requirements, architectural features and structural considerations. Facade systems must be tailored to fit these requirements, resulting in customization costs. Additionally, the complexity of the facade design, including intricate shapes, curves and integration with other building systems, adds to the overall cost.

COVID-19 Impact Analysis

COVID-19 hampered the facade systems and it's important to note that market dynamics can shift as the situation evolves. The construction industry's focus shifted towards health and safety measures in response to the pandemic, a major factor affecting the market growth. Building owners and developers prioritized investments in HVAC systems, touchless technologies and other measures to ensure occupant health and well-being.

The shift in priorities affected the demand for facade systems, leading to a potential decline in some segments. Furthermore, the widespread adoption of remote work arrangements reduced the immediate need for new office spaces, impacting commercial construction projects. As a result, the demand for facade systems in the retail sector experienced a decline during the pandemic.

Segment Analysis

The Global Facade Systems Market is segmented based on material, type, end-user and region.

Rising Demand For Lightweight, Excellent Insulation, Weather Resistance and Decorative Finish Building Solutions

Exterior insulation and finish system (EIFS) holds the largest share in the global facade system market and is expected to maintain the growth momentum in the forecast period. The segmental growth is predominantly due to its excellent building protection properties. EIFS systems offer excellent weather resistance, protecting buildings from moisture intrusion, air infiltration and thermal stress.

The system's multiple layers, including a water-resistant barrier, insulation board, adhesive, reinforcing mesh and finish coat, work together to create a durable and resilient exterior cladding. The ability of EIFS to withstand diverse climatic conditions has made it a popular choice in regions prone to extreme weather events. Furthermore, EIFS can provide cost benefits for installation and long-term maintenance. The lightweight nature of EIFS reduces the need for heavy structural support, resulting in potentially lower construction costs

Geographical Analysis

Asia-Pacific's Rapid Urbanization, Population Growth and Infrastructure Development

The Asia-Pacific Facade Systems market is witnessing robust growth and growing demand for innovative, energy-efficient and aesthetically pleasing facade systems is expected to continue to rise as the region's construction industry thrives. Countries like China, India, Japan and Australia contribute to the regional growth of the market China holding more than half of the regional share.

India's facade system market has witnessed substantial growth. The country's increasing urban population, rising disposable income and government initiatives to promote sustainable building practices have fueled the demand for facade systems. Major cities such as Mumbai, Delhi and Bangalore have seen a surge in high-rise building construction, driving the market growth.

Competitive Landscape

The major global players include: Saint-Gobain, Boral Limited, James Hardie Industries PLC, Kingspan PLC, Dryvit Systems Inc, Asahi Glass, Guardian Industries, Knauf, Central Glass and ParexGroup SA. And Meyer Corporation.

Why Purchase the Report?

• To visualize the Global Facade Systems Market segmentation based on material, type, end-user and region and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous facade systems market-level data points with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Facade Systems Market Report Would Provide Approximately 61 Tables, 60 Figures And 212 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies