Facade Systems Market Worth $397.2 Billion by 2023 - Exclusive Report by MarketsandMarkets

Facade Systems Market Worth $397.2 Billion by 2023 - Exclusive Report by MarketsandMarkets PR Newswire CHICAGO, May 14, 2019CHICAGO, May 14, 2019 /PRNewswire/ -- According to the new research report "Facade Systems Market by Type (EIFS, Curtain Wall, Siding, and Cladding), EndUse (Residential and Non-residential), and Region (North America, Europe, AsiaPacific, Middle East and Africa, and South America) - Global Forecast to 2023" ,published by MarketsandMarkets,the Facade Systems Market is estimated atUSD 272.7 billion in 2018 and is projected to reach USD 397.2 billion by 2023,at a CAGR of 7.8%. The rising infrastructural and construction activitiesdrive the demand for façade systems. Furthermore, the increase in demand fromend-use industries for façade system further boosts the market growth.Download PDF Brochure:Browse in-depth TOC on "Facade Systems Market"149 - Tables 35 - Figures 167 - PagesView detailed Table of Content here:The EIFS segment is projected to grow at the highest CAGR, in terms of value,in the global façade systems market from 2018 to 2023Exterior insulation and finish system (EIFS) is a non-load bearing exteriorwall treatment that utilizes rigid insulation boards on the wall sheathingwith an exterior skin of plastic appearance. EIFS insulation materials aremade of mineral wool, polystyrene foam, and plastic foam. EIFS offersexcellent insulation properties and design flexibility and has been a popularchoice for exterior building cladding for several decades.Request Sample Pages:The residential segment is estimated to be a major consumer in the façadesystems market, in terms of volume, in 2018Façade systems are used in residential buildings, majorly in apartments,bungalows, dormitories, duplexes, and other house designs (townhouses, units,and villas). The use of façade systems in residential buildings has becomemore advanced and preferable, owing to the rising demand for greenhousebuildings. The spending in residential construction is estimated to witness asurge, particularly in the emerging Asia Pacific and South American regions;there is a trend of rapid urbanization observed in these regions, resulting ina higher growth rate for the residential construction market, as compared todeveloped markets. Aesthetic appeal, along with properties such as durabilityand protection from extreme weather, has also driven the use of exterior wallsystems in the residential sector. Other benefits such as fire protection andhigh thermal efficiency will further drive the demand. The most favorablematerials for residential include fiber cement, vinyl, bricks, and wood.Asia Pacific is projected to account for the largest share in the façadesystems market during the forecast periodAsia Pacific is a hub of foreign investments and growing industrial sectorslargely due to low-cost labor and cheap availability of lands. The increase indemand for façade systems can largely be attributed to the growinginfrastructure activities in the construction industries. The demand forfaçade systems is growing rapidly in the region, due to the high growth in theinfrastructure sector for aesthetic appeal.Key players operating in the Facade Systems Market include Saint-Gobain(France), Nippon Sheet Glass (Japan), Asahi Glass (Japan), Central Glass(Japan), Guardian Industries (US), BASF (Germany), Sto SE & Co KGaA (Germany),Dryvit Systems Inc. (US), ParexGroup SA (France), Terraco Group (UK), EtexGroup (Belgium), James Hardie Industries PLC (Ireland), Nichiha Corporation(Japan), Boral Limited (Australia), Louisiana Pacific Corporation (US),Kingspan PLC (UK), Georgia-Pacific LLC (US), Knauf (Germany), USG Corporation(US), SHERA (Thailand), Universal Cement Corporation (UCC) (Taiwan), and VinhTuong Industrial Corporation (Vietnam). These players have adopted variousgrowth strategies to expand their global presence and increase their marketshare. Mergers & acquisitions, expansions, investments, new product launches,and partnerships are some of the major strategies adopted by the key playersoperating in the façade systems market.Get 10% Free Customization on this Report:Browse Adjacent Markets: Building and Construction Market Research Reports &ConsultingRelated Reports:Glass Curtain Wall Market by Type (Unitized curtain wall, stick curtainwall), End-use (Commercial, Public, Residential), and Region (North America,Europe, Asia Pacific, Middle East & Africa, South America) - Global Forecastto 2023Exterior Wall Systems Market by Type (Ventilated, Non-Ventilated, and CurtainWall), Material (Glass Panel, Metal Panel, Plaster Boards), End-Use(Commercial, Residential, and Industrial), and Region - Global Forecast to2022About MarketsandMarkets MarketsandMarkets provides quantified B2B research on 30,000 high growthniche opportunities/threats which will impact 70% to 80% of worldwidecompanies' revenues. 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