The global facades market is expected to reach USD 337.8 billion by 2025
Summary
The facades market is anticipated to grow swiftly over the forecast period owing to the development of advanced materials with capabilities that offer safety as well as a visually appealing texture.Facades combine the attribute of both appearance and superior performance in a mode unlike any other building system, which is anticipated to drive product demand significantly over the next few years.• The facades market was valued at USD 179.7 billion in 2016 and is expected to grow at a CAGR of over 7.3% over the next eight years owing to a rise in construction related activities in the U.S., China, Japan and India• The ventilated facades market is expected to witness a healthy growth at a CAGR exceeding 6.5% over the forecast period owing to benefits they provide in terms of energy saving and rich aesthetics.• Several government initiatives toward infrastructure development and the rise in PPP model enhance the construction of commercial properties across the globe, which has subsequently attributed to the growth of the facades market.