Facade Systems Market worth $469.0 billion by 2027 | Key players AGC Inc., Sto SE & Co KGaA, Saint Gobain, Central Glass, Nippon Sheet Glass Company Limited

According to recent market research the "Facade Systems Market 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%.

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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.

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.

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The market for facade systems 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%.

Facade systems cover the outer surfaces of buildings with panels, auxiliary elements, and glass. With the advancement of technology and manufacturing techniques, facade systems are created from various materials such as glass, clay, metals, ceramics, wood, concrete, and others. Hence, the facade systems provide an opportunity to build the character and personality of the building, which not only helps to attract customers but also helps to move forward in the path of sustainability.

The facade systems can be used in various places, such as residential complexes, houses, low to medium-rise buildings, shopfronts, offices, shopping complexes, stadiums, etc. The facade systems offer various properties such as thermal insulation, weather insulation, sound insulation, earthquake resistance, pollution resistance, fire resistant, frost resistance, and others. Hence, because of these properties, these faced systems are used in residential and non-residential areas.The demand for facade systems is mainly furnished by two major sectors such as residential and non-residential. Some of the leading companies involved in the manufacturing of facade systems are AGC Inc. (Japan), Saint Gobain (France), Knauf (Germany), Kingspan Group plc (Ireland), and Louisiana-Pacific Corporation (US). These companies and other regional companies cater to the global demand for facade systems.

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AGC Inc. (Japan) deals in various segments, such as glass products, ceramic products, electronics, and chemicals. The company's glass business has covered the largest market share by offering several types of glass products, such as decoration, glazing, and glass used for special purposes. The company owns Glaverbel Glass plants located across North America and Europe. It offers functional glass, which includes glass used for energy conservation, noise reduction, crime prevention, insulation, and disaster prevention. The company aims to provide a quality product to its customers by utilizing its technology and expertise. It has subsidiaries across Asia, the Americas, and Europe. The company operates globally through its subsidiaries in more than 30 countries. It has around 42 sites for the production of glass.

Saint Gobain (France) is one of the largest companies in the world which designs, manufactures, and distributes building and construction materials such as ceramics, glass, plastics, and fiber cement products. The company primarily operates in Europe. However, it also has operations in the Asia Pacific and American regions. The company's major segments include building distribution, construction products, and innovative materials. Its construction products segment manufactures cladding systems, roofing & flooring products, and other building accessories.

Kingspan Group plc (Ireland) is one of the key players in high-performance insulation as well as building envelope solutions. The company operates through its five business segments, namely, insulated panels, insulation, water & energy, light & air, and data & flooring. Its wide product portfolio includes structural framing, metal facades, insulation boards, building services insulations, engineered timber systems, daylighting, smoke management, micro-wind systems, ventilation systems, energy storage solutions, and insulated panels. The company has more than 198 manufacturing sites and is present across more than 70 countries worldwide.

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