According to IMARC Group’s latest report entitled “Facades Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecasts 2022-2027“, the global facade market is expected to show a CAGR of 7.9% over the period 2022-2027. Looking ahead, IMARC Group expects the global Facades market to continue its robust growth during the forecast period (2022-2027).

The facade represents the exterior facade of a building, which mainly consists of canopies, street awnings, ventilation grilles, etc. In terms of material type, it can be categorized as metal, wood, concrete, ceramic, glass, stone, polyvinyl chloride (PVC), etc. Some common cladding variations include siding, cladding, curtain walling, external thermal insulation composite systems (ETICS), etc. Cladding systems even help to control the incidence of light control, provide thermal insulation and regulate the indoor temperature. Consequently, they find extensive applications in residential buildings, hotels, retail stores, health centers, warehouses, etc.

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Note: We regularly track the direct impact of COVID-19 on the market as well as the indirect impact of related industries. These observations are integrated into the report.

Trends in the facade market:

Increasing urbanization and changing preferences towards modern and aesthetically pleasing building designs are driving the façade market in particular. Additionally, the increasing construction of green and energy efficient buildings and the increasing need for facades to maintain indoor temperature and facilitate thermal insulation to reduce the need for supplemental heating, ventilation and air conditioning or HVAC systems are acting as significant growth-inducing factors.

The increasing tendency of various retail and catering establishments to have a visually appealing exterior architecture is also having a positive effect…