From GlobeNewswire: 2025-04-02 06:35:00

A new report from The Insight Partners highlights the global Facade Market’s growth trajectory, projecting it to reach $275.24 billion by 2031, with a CAGR of 3.7%. The market is driven by the demand for natural light in office spaces, leading to the use of highly glazed facades and atria in corporate buildings.

Challenges facing the facade market include sustainability concerns, stringent regulations on building materials, and economic uncertainty due to global events like the Russia-Ukraine conflict. These factors hinder the market’s growth, particularly in Europe and the Middle East, impacting the construction industry and demand for facades.

The construction industry is a key driver of the facade market, with a projected 85% increase in construction output by 2030 worldwide. Leading countries like the US, China, and India are expected to contribute significantly to this growth, with a rising demand for data centers and refurbishment projects boosting the sector.

Europe currently leads the facade market in terms of revenue, followed by Asia Pacific and North America. Asia Pacific is projected to have the highest CAGR during the forecast period, driven by increasing demand for facades in commercial applications. The market is segmented by material (glass, metal, ceramic, wood), and application (residential, commercial, industrial), reflecting the diverse needs of the construction industry. In 2023, the commercial segment dominated the facade market share, with windows, doors, and curtain walling being key products. Major players like Ramboll Group and Kingspan Group are focusing on new product launches and expansion to stay competitive. Asia Pacific leads in revenue, driven by urbanization and industrialization, with a high demand for commercial and residential construction.

Recent developments include MiTek Inc. realigning Benson Curtain Wall, Saint-Gobain partnering with ‘Build Ahead’ for sustainability, and Saint-Gobain Glass introducing ORAÉ for decarbonization. The global facade market is witnessing significant growth, with advanced formwork systems in demand for tall buildings and bigger floor plates. Companies are innovating to offer sustainable and cost-effective solutions.

Asia Pacific is projected to have the highest growth rate in the global facade market due to urbanization and industrialization. The region’s large population drives demand for commercial and residential construction, with significant activity in Southeast Asia. The market is supported by the rising construction of small-scale commercial buildings and the increasing demand for beautification of office spaces.



Read more at GlobeNewswire: Facade Market Skyrockets to $275.24 Billion by 2031