“There is an Increased Demand for Sustainable & Environmentally-Friendly Façade & Fenestration Solutions”
Hemjith A Vengateri, Alumil S.A.
The rising urbanisation and the growing environmental consciousness of the consumers will keep driving higher demand for fenestration solutions that are energy-efficient, eco-friendly, recyclable, durable, low on maintenance and aesthetically pleasing as well. These challenging demands from the consumers will give some good opportunities for players in the fenestration industry to introduce innovative products from time to time.
Demand is shifting towards brands that provide products suitable for large window walls that allow them to capture more natural lighting and convertible spaces. Fenestration players with global and technological expertise offer products with modern designs and satisfactory performance to address various needs.
In today’s time, making sustainable buildings is the topmost trend in the construction segment, which is increasing the demand for sustainable and environmentally friendly façade & fenestration solutions and technologies.
Keeping sustainability as a broad concept, energy efficiency in buildings is essential and this gives an opportunity for the façade & fenestration companies to introduce products with adequate thermal efficiency. Automation is another trend that has now revolutionised the façade & fenestration industry. As the façade and fenestration industry is a technology-driven one, innovations shall keep on happening in this industry.
The pandemic has stimulated the need to create a healthy environment in residential, office, retail and public places and which accelerates the demand for opening elements for curtain wall façades. Since the onset of the pandemic and the consequent restart of commercial activities, building occupants have a higher requirement for the circulation of fresh air, access to outdoor spaces, and lower density for physical distancing. Therefore, the Indian façade and fenestration market is expected to regain momentum in the post-pandemic scenario due to its efficient functionality in ventilation, lighting and cooling applications.
The growth of the façade & fenestration industry is complemented by the growth of the real-estate sector in India. The various trends and demands set by the fast-growing real estate sector give immense opportunity to the façade & fenestration industry to perform simultaneously with new products and solutions. It also gave opportunities to many new national and international brands to enter the market with their products and expertise.
The inherent properties of modern façade & With the significant growth in the real estate sector across the country, the façade and fenestration industry would expect to grow at a good rate in the coming years. Published reports suggest that the market size of this sector is expected to grow at a Compound Annual Growth Rate (CAGR) of above 8 per cent during 2022-2027. The rising middle-class population and emerging tier 2 &3 cities in India have created more demand for façade and fenestration products, offering new opportunities for growth at present.
It is observed that commercial office spaces and green-rated buildings have used certified façade and fenestration products with high performance. The informative campaigns and media publications related to the façade and fenestration industry helped to create further awareness in the public about the roles, functions, and importance of the industry and it would help to grow the industry in a positive direction.
Hemjith A Vengateri, Alumil S.A.
President & CEO – Asia Pacific
Hemjith A Vengateri is the Managing Director & CEO at ALUMIL Systems India Pvt Ltd. one of the largest and trusted names in home windows and patio doors.