Global Facades Market is anticipated to generate USD 376 billion in 2026 and is estimated to grow at a CAGR of 7.8% between 2018 to 2026.
BROOKLYN, NEW YORK, U.S., February 7, 2018 /EINPresswire.com/ — According to a new study published by Polaris Market Research, the Global Facades Market is estimated to reach USD 376 billion in 2026 and is anticipated to grow at a CAGR of 7.8% during the forecast period.
Facades are structures that protect interiors as well as enhance the aesthetics of a structure. Use of facade panels reduces the costs for air-conditioning and heating in the buildings. Ventilated facade offers heat ventilation and soundproofing, thereby increasing cost effectiveness, and energy efficiency.
The demand for facades has increased over the years owing to rising construction of new structures, and renovation of existing structures. The increasing disposable income and changing lifestyles encourages consumers to enhance the aesthetics of structures, thereby supporting market growth. The significant investments by governments in the development of public structures boost the adoption of facades. Other factors supporting market growth include rising demand from emerging economies, growth in construction of commercial, residential, and industrial properties worldwide.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Facades Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
Asia-Pacific generated the highest revenue in 2017 owing to increasing construction and high disposable income in the region. The increasing trend of design and aesthetics supports the market growth in the region. The increasing demand for ventilated facades and growing government investment in development of infrastructure in the region supports the market growth.
Competitive Landscape and Key Vendors
The global facades market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading companies profiled in the report include Fundermax, Rockpanel Group, EOS Facades Limited, YKK AP, Enclos, and Wicona (SAPA Buildings Systems GmbH) among others.
Segment 1 Product Type
1.2 Non Ventilated
Segment 2 Application Type
Segment 3 Material Type
3.2 Plastic & Fibers
Segment 4 Region
4.1 North America
4.2.4 Rest of Europe
4.3.4 Rest of Asia-Pacific
4.4 Latin America
4.4.3 Rest of Latin America
4.5 Middle East and Africa
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Source: EIN Presswire