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Facade market size, share and trend analysis report by product, end use, region and segment, 2021-2028

Facades Market Size, Share and Trend Analysis Report by Product (Vented, Non-Vented), End Use (Commercial, Residential, Industrial), Region and Segment, 2021-2028 New York, March 11, 2021 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Publication of the “Facade Market Size, Share and Trend Analysis Report by Product, End Use, Region and Segment, 2021- 2028 ”- https://www.reportlinker.com/p06034134 /? utm_source = GNW Facades Market Growth and Trends The global facades market size is expected to reach USD 336.6 billion by 2028. It is expected to grow at a CAGR of 6.4% from 2021 to 2028. The market is expected to experience healthy growth over the forecast period due to the development of advanced materials with capabilities that provide safety as well as a visually appealing texture. In addition, this exterior facade of the building exhibits the attribute of both appearance and superior performance in one mode, unlike any other building system, which is expected to fuel demand for the product over the next few years. The growing need to reduce heating and air conditioning costs and achieve energy efficiency is expected to stimulate demand for facades in the coming years. The growing emphasis on developing sustainable products is likely to work in the market’s favor. The growing popularity of green buildings and the growing demand for high-transparency glasses that allow light to pass through, while maintaining heat resistance, are expected to shape the future of the market. save solar control facades, which will contribute to higher economic benefits and eco-sustainability. In addition, it is estimated that the initiatives and regulations of government agencies, technological advancements and the need to conserve energy are expected to propel the market growth over the next seven years. The Green Building Initiative (GBI), a nonprofit building assessment and certification organization in the United States, assigns ratings and prescribes principles for reducing environmental impact. Such principles adopted by enterprises can further stimulate the growth of smart buildings industry, thereby boosting the demand for smart building monitoring across facades. The serious building fires have raised public concerns about the safety of facade materials. Facade materials play an essential role in fire safety because it is the exterior part of the building that is in direct contact with the fire. In addition, it is essential to select the cladding material at the design stage according to the combustion characteristics of the materials to significantly protect buildings against fire. Thus, it is estimated that it will fuel the overall demand for facades on a global scale from 2021 to 2028. In addition, the ongoing COVID-19 pandemic has had a negative impact on the entire construction and construction industry. ‘real estate and subsequently hampered the growth of the market. However, with the announcement of economic relief plans in key countries, such as the United States, India, United Kingdom, Germany and others, the demand for facades is expected to see notable growth in the country. over the next seven years. Highlights of Facades Market Report • By product, the ventilated facades segment is expected to post the fastest CAGR during the forecast period due to its energy saving advantages and rich aesthetics . construction of commercial properties across the world, which subsequently propels market growth • Commercial end-use segment held the top revenue share in 2020 due to the significant adoption of facade products for buildings in commercial applications, such as offices, airports, stadiums, and hotels, around the world • Asia-Pacific dominated the market with a share of over 35.0% in 2020 due to increasing construction of new commercial and industrial buildings in China, India and South East Asia • Several leading players are strategically focusing on establishing partnerships and agreements to acquire large projects in order to boost their sales and profitability Read the full report: https://www.reportlinker.com/p06034134/?utm_source=GNWA About ReportlinkerReportLinker is an award-winning market research solution. Reportlinker researches and curates the latest industry data so you get all the market research you need – instantly, in one place .__________________________ CONTACT: Clare: [email protected] US: (339) -368- 6001 Intl: + 1339-368 -6001