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Facades Market size to increase by USD 82.17 Bn

Post Time:Nov 23,2021Classify:Company NewsView:966

Technavio's latest offering, Facades Market report provides a detailed analysis on the competitive scenario, the pre- and post-COVID-19 impact on businesses, and the market growth across various regions.

The facades market size is expected to increase by USD 82.17 billion. However, the growth momentum is expected to decelerate at a CAGR of over 6% from 2020 to 2025.

Attractive Opportunities in Facades Market by End-user and Geography - Forecast and Analysis 2021-2025

Attractive Opportunities in Facades Market by End-user and Geography - Forecast and Analysis 2021-2025

Market Dynamics

Factors such as rising residential construction and infrastructural activities and the high durability of siding and cladding systems will drive the growth of the facades market. However, high raw material and installation costs might hamper the market growth.

Technological advancements in the glass industry will have a positive impact on the growth of vendors. On the other hand, the availability of green insulation material is expected to reduce the growth potential in the market.

Company Profiles

The facades market report includes information on the product launches, sustainability, and prospects of leading vendors including Architectural Glass and Aluminum, DANPAL, Etex NV, Everite Building Products Pty Ltd, First African, James Hardie Building Products Inc., Kingspan Group Plc, Nichiha USA Inc., and USG Boral.

Competitive Analysis

The competitive scenario provided in the facades market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.

Market Segmentation

  • By End-user, the market is classified into non-residential and residential segments.

  • By Geography, the market is analyzed across APAC, North AmericaEuropeSouth America, and MEA.

The non-residential segment generated maximum revenue in the market in 2020. The market growth in the segment will be significant during the forecast period. By geography, APAC will have the largest share of the market. The region currently holds 37% of the global market share. China and India are the key markets for facades in APAC.

Source: https://www.prnewswire.com/Author: shangyi

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