Facade System Market Growth Trajectory Through 2024-2033|Louisiana Pacific Corporation, Compagnie de Saint-Gobain S.A, Rockwool International, Nichiha Corporation, YKK Corporation

The Facade System by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Facade System, The facade system market size has grown strongly in recent years. It will grow from $337.38 billion in 2023 to $365.52 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to strong economic growth in emerging markets, growth in world population, low interest rate environment and growing demand for energy-efficient spaces.

The facade system market size is expected to see strong growth in the next few years. It will grow to $511.95 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to global population growth and urbanization, increasing infrastructure development, rapid industrialization, government focus towards construction, rising single family constructions and increasing focus towards sustainability . Major trends in the forecast period include investing in developing solar façade systems, focusing on ai technologies in façade systems, focus on offering smart façades to be used in smart homes, focus on collaborations and partnerships in order to increase market share and focus on innovative façade designs having advanced features.

Increasing infrastructure development is expected to increase the growth of the facade system market. Infrastructure development refers to the construction of basic foundational services to stimulate economic growth and quality of life improvement. The increasing infrastructural development is expected to generate demand for building materials such as facade systems. For instance, in September 2021, the Indian government announced road projects worth INR 1 lakh crore (US$ 13.48 billion) to develop road infrastructure in Jammu and Kashmir. In the Union Budget 2021, the government has given a massive push to the infrastructure sector by allocating INR 233,083 crore (US$ 32.02 billion) to enhance the transport infrastructure. In December 2021, the Chinese government allocated USD 30 billion to develop the infrastructure in the remote Himalayan province of Tibet, including building new expressways and upgrading the present ones that have been laid out up to the Indian borders. As a part of the Chinese 14th Five-Year Plan, China will spend about 190 billion yuan (about USD 29.3 billion) in the 2021-2025 period on transportation infrastructure projects. Thus, the increasing infrastructure development will support the growth of different housing and commercial projects, driving the growth of the facade system market.

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The facade system market covered in this report is segmented –

1) By Material Type: Wood, Metal, Glass, Ceramic, Concrete
2) By Type: EIFS, Curtain Wall, Siding, Cladding
3) By End-User: Residential, Commercial, Industrial

Companies in the facade system market are increasingly adopting AI technologies in facade systems. AI and machine learning are capable of improving facade system performance. The facade system uses AI technology to shade the interiors from direct sunlight and reduce heat gain. Companies are focusing on using AI-driven facade systems in new building construction. For example, in March 2021, Polish firm FAAB Architektura released the design for a 53-story tower dubbed Vertical Oasis. The building will be capable of changing the climate in its immediate proximity through a combination of geometry, vertical gardens, artificial intelligence, machine learning, and renewable energy harvesting. The facade used will be paired with a mobile application driven by AI and machine learning that will be capable of improving its performance. Users will be able to monitor how each plant is doing and how much oxygen is being produced. The tower’s facade will also use opaque and transparent building-integrated photovoltaic materials to harvest solar energy.

The facade system market report table of contents includes: