Report ID: UCMIG15F2075
Report ID:
UCMIG15F2075 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global facade market was worth USD 217.9 billion in 2020, and it is predicted to increase at a CAGR (compound annual growth rate) of 6.4% between 2021 and 2028. The increase in construction-related activity has been a major driver of the market. Furthermore, technical advancements are propelling the development of energy-efficient facade materials. These innovative goods capture solar energy and are widely used as an additional form of electricity generation in a variety of business and residential buildings. Over the forecast period, the market is expected to rise at a rapid pace. This expansion can be ascribed to expanding customer buying power, particularly in China, Japan, India, Brazil, & GCC countries, as well as the necessity to offer employees with a secure work environment.Furthermore, the use of metal composite materials provides the structure with a long-lasting, harmonious, and modern appearance. The increasing use of such composite substances to construct facades is expected to drive market expansion in the future years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Construction Materials by segment aggregation, the contribution of the Construction Materials in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15F2075