According to the report titled ‘Global Facade Market Size study, by Type (Siding, Cladding, EIFS, Curtain Wall), End-Use (Residential, Non-Residential) and Regional Forecasts 2020-2027’, available with Market Study Report, global facade market was worth USD 248 billion in 2019 and is expected to grow with a CAGR of 7.8% during 2020-2027.
 

Growing construction sector in developing as well as developed economies, strict norms regarding reduction of greenhouse gas emissions by central government, technological advancements, and longer lifespan of sliding & cladding systems are the key factors driving the growth of global facade market.
 

For those uninitiated, facades are key components of a construction that allow both residential and commercial spaces to meet power efficiency aligned with interior comfort requirements.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2895882/
 

The construction sector witnessed a rise of about 20% in 2018 as compared to 2017 in Canada, according to the ConstructConnect report. In 2018, there were nearly 100,730 new construction projects in Canada, including non-residential and residential buildings as well as civil engineering works.
 

Additionally, as per reliable estimates, maximum number of residential projects will be in central Canada, accounting for about 44% of all residential projects in Canada. Hence, surging construction activating and escalating number of residential and infrastructural development projects across the globe will stimulate façade market outlook.
 

Based on type, worldwide facade industry is divided into cladding, siding, curtain wall, and EIFS. Speaking of end-use scope, the market is split into non-residential and residential.
 

Citing the geographical landscape, global facade market sphere is segmented into Latin America, North America, Asia Pacific, Europe, and Rest of the World. The research document cites that Asia Pacific currently accounts for a considerable market share and is expected to register a decent growth over the analysis timeframe. The regional growth is attributable to strict government norms, flourishing glass sector in economies like India and China, and growing construction of residential & commercial spaces in the region.
 

Major contenders influencing global facade market trends are BASF SE, USG Corporation, Louisiana Pacific Corporation, Boral Limited, Nichiha Corporation, Nippon Sheet Glass Company, SEPA Europe GmbH, Saint-Gobain S.A., Asahi Glass Co. Ltd. (AGC Inc.), and Xiamen China-Nice Manufacturing and Trading Co. Ltd.