The report "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, and Africa) - Global Forecast to 2027," published by MarketsAndMarkets, estimates that it will reach USD 469.0 billion by 2027, at a CAGR of 8.2%.

Growth Factors

Urbanization, changing lifestyles, rising disposable income, increasing sustainability concerns, energy-saving preferences, rapid developmental activities, structural developments, and changing consumer needs worldwide are driving the growth of the facade systems market.

However, high raw material costs required for facade systems such as EIFS, cladding, curtain walls, and siding, strict government regulations, and the availability of eco-friendly insulation materials are expected to constrain the facade systems market.

Market opportunities include the growing demand for green buildings and increased investments in infrastructure projects in developing economies. Moreover, regular maintenance and the production and installation of complex structural facade systems are major challenges for the facade systems market.

Key Players

• AGC Inc. (Japan)
• Sto SE & Co KGaA (Germany)
• Saint Gobain (France)
• Central Glass Co., Ltd. (Japan)
• Nippon Sheet Glass Company Limited (Japan)
• Kingspan Group plc (Ireland)
• Etex Group (Belgium)

Increased Demand for Green Buildings

Green building, also known as sustainable building or green construction, is the practice of creating structures and using processes that are environmentally responsible and resource-efficient throughout a building's life-cycle, from siting to design, construction, operation, maintenance, renovation, and demolition.

These structures offer various benefits, such as excellent energy-saving efficiency, resource-efficient utilization, sustainability, higher resale value, and environmental friendliness. The increasing demand for green buildings will drive the facade systems market.

Growth by Type

By type, cladding accounted for the largest share in 202. Cladding generally refers to a panel or tile attached to the exterior wall of a building, which protects the basic structure from extreme weather conditions and also enhances the aesthetic appearance/value of the building.

Cladding systems, also known as building envelopes, are typically made of wood, metal, plastic, and masonry, offering a wide range of benefits, including thermal and acoustic insulation, fire resistance, and pollution prevention, besides weather protection.

Various materials covered by cladding include brick and stone, high-pressure laminate, fiberglass panels, ceramic tiles, gypsum boards, and cement boards.

Asia Pacific Dominated the Market

Due to growing developmental activities, rapid economic expansion, and the increasing population in the Asia Pacific region, which requires residential and non-residential structures, it is expected to lead the growth of the facade systems market.

As a result of increased income levels in this region, the demand for aesthetically pleasing spaces, which falls under the non-residential sector, has grown.