The global facades market size is expected to reach USD 339.46 billion by 2024, according to a new study by Grand View Research, Inc. The surge inthe adoption of advanced eco-friendly facades across North America and Europe is anticipated to fuel the market growth in the coming years. Furthermore, the increasing number of new building constructions, along with the rise in the number of renovation projects, is also anticipated to catapult the product demand over the forecast period.
The commercial segment witnessed a significant facades demand in 2015, where these products are particularly used to protect the interior from environmental changes. The availability of raw materials in abundance,such as aluminum,is anticipated to lower the product price over the forecast period. In addition to these market drivers, the development of solar panels that provide usable electric energy and its integration in the building skin is also anticipated to catalyze the industry growth over the forecast period.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/facade-market
Further key findings from the study suggest:
·
The development of sustainable facades materials
offering the capability of shielding buildings from environmental conditions
such as heat, wind and rain is a primary factor expected to drive ventilated
facades growth, and the segment accounted for more than 40% of the overall
revenue share in the year 2015.
·
The product demand in commercial buildings is
expected to remain high over the next eight years owing to the growing need for
better safety measures and ambiance in corporate and the hospitality industry.
·
Asia Pacific dominated the industry and
accounted for over 30% of the global share in 2015, which is expected to grow
considerably over the next eight years,mainly due to the notable growth in the
commercial and residential real estate sectors.
·
The key companies operating in the market
include Permasteelisa Group, Enclos Corp., Harmon Inc., Walters & Wolf, and
SEPA, who focus on R&D spending to develop composite materials used for
protecting buildings from natural as well as human-instigated disasters.
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/hvac-and-construction-technologies
Grand View Research has segmented the global facades market on the basis of product, material, application, and region:
Facades Product Outlook (Revenue, USD Billion; 2013 - 2024)
·
Ventilated
·
Non-ventilated
·
Curtain wall
·
Others
Facades Material Outlook (Revenue, USD Billion; 2013 - 2024)
·
Aluminum
·
Plastic & fibers
·
Glass
·
Others
Facades End-Use Outlook (Revenue, USD Million; 2013 - 2024)
·
Commercial
·
Residential
·
Industrial
Facades Regional Outlook (Revenue, USD Million; 2013 - 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
o
Poland
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
o
Saudi Arabia
o
UAE
o
Kuwait
o
Qatar
o
Bahrain
o
Oman
For press release of this report - http://www.grandviewresearch.com/press-release/global-facades-market
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