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World Facade Market to Reach USD 376 Bn by 2026
The worldwide façade market is projected to grow with a CAGR of 7.8% to reach USD 376 billion by 2026. Owing to the need to bring down the cost incurred in heating and cooling down the buildings, and for achieving power efficiency, the market for façades is gaining traction.
The ventilated façades market has the largest market share owing to factors such as heat ventilation and soundproofing. On the other hand, basic materials such as glass and aluminium are favoured in the market due to availability, lightweight and cost. Composite materials are also being adopted in the market and are expected to push the market during the forecast period. There has been an increasing demand for green buildings and structures and government from many countries are focusing on building these green structures.
The Asia Pacific is estimated to dominate the global façades market over the forecast years and North America, Europe region shows signs of growth potential.