2024 Trends and Global Discussions in the Facade Systems Industry
Kailash R. S. [LION]
Marketing Director at Chemicals | Construction | Automotive | Insulation Industry
Dear Reader,
In 2024, The facade systems industry is undergoing transformative changes, driven by advancements in materials technology and a strong focus on sustainability and energy efficiency. One major trend is the increasing adoption of smart facades, which integrate advanced materials such as electrochromic glass and photovoltaic panels to regulate building temperatures and generate renewable energy. These intelligent systems not only enhance energy efficiency but also contribute to the aesthetic and functional versatility of modern architecture. Discussions within the industry are heavily focused on the development and implementation of green building standards, encouraging the use of eco-friendly materials and sustainable construction practices. There is also a growing emphasis on the role of facade systems in improving urban air quality and reducing the urban heat island effect through innovative designs that incorporate green walls and reflective surfaces. Globally, regulatory bodies are pushing for stricter building codes and performance standards to ensure that new constructions meet high sustainability criteria. As these trends and discussions continue to evolve, the facade systems industry is poised to play a crucial role in shaping the future of sustainable and resilient urban environments.
The report "Facade Systems Industry by Type (EIFS, Cladding, siding, curtain walls), End-use (Residential and Non-residential), and Region (North America, Europe, South America, Asia Pacific, Middle East & Africa) – Global Forecast to 2027", is approximated to be USD 316.0 billion in 2022, and it is projected to reach USD 469.0 billion by 2027, at a CAGR of 8.2%. Rising urbanization, changing lifestyles, rising disposable income, rising concerns towards sustainability, rising concern for energy savings, rapid developmental activities, rising structural activities, and changing consumer needs across the globe are boosting the growth of the facade systems market. However, the high cost of raw materials, which are required for making facade systems such as EIFS, cladding, curtain walls, and siding, stringent government regulations, and the availability of green insulation materials are the factors expected to restrain the market of facade systems. Opportunities in the facade systems market are the growing demand for green buildings and rising investment in infrastructural projects in developing economies. Moreover, regular maintenance and, production & installations of complex structural facade systems are the major challenges for the facade systems market.
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Browse 336 Market data Tables, 37 Figures, 243 Pages and in-depth TOC on “Facade Systems Market - Global Forecast to 2027"
Some of the prominent key players are:
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Opportunities: Rise in demand for green buildings
Green building, also known as sustainable building or green construction, is the concept of designing and constructing structures and processes that are environmentally responsible and resource-efficient throughout the life cycle of a building, which starts from siting to design, construction, operation, maintenance, renovation, and ends at the deconstruction of the structure. These structures provide various benefits such as excellent energy-saving efficiency, efficient utilization of resources, sustainability, higher resale value, and eco-friendly in nature. The increase in demand for green buildings will propel the market of facade systems.
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By Type, cladding accounted for the largest share in 2021.
Cladding generally refers to a board or tile attached to the external wall of a building that protects the underlying structure against extreme weather conditions and also enhances the appearance/aesthetic value of the building. Cladding systems also referred to as building envelopes, are typically made from wood, metal, plastic, and masonry, providing a wide range of benefits which include thermal and sound insulation, fire resistance, and pollution prevention apart from weather protection. Various material-covered claddings are Brick & Stone, High-Pressure Laminate, Fiber Glass Panels, Ceramic Tiles, Plaster Board, and Cement Board.
Asia Pacific accounted for the largest share of the Facade Systems Market in 2021
Because of growing developmental activities, rapid economic expansion, and increasing population in the Asia Pacific region, which demands residential and non-residential structures workspaces, which, in turn, are expected to lead the growth of the facade systems market. Owing to the increasing income of people in this region, the demand for aesthetic workspaces, which comes under the non-residential sector, has been escalating.