Market Size of Facade Gasket Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 690.42 Billion |
| Market Size (2029) | USD 976.06 Billion |
| CAGR (2024 - 2029) | 7.17 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Facade Gasket Market Analysis
The Facade Gasket Market size is estimated at USD 690.42 billion in 2024, and is expected to reach USD 976.06 billion by 2029, growing at a CAGR of 7.17% during the forecast period (2024-2029).
- COVID-19 created a huge impact on the construction industry, and the restrictions resulted in project delays and construction work being halted due to a scarcity of labor. Later, after easing restrictions, the industry recovered, largely driven by increasing projects in the residential and commercial sectors. This growth further fuels the demand for façade gasket manufacturing.
- Also, facade installations are becoming more popular around the world because of how nice they look and how well they save energy.In addition, to meet the sustainability goals, most of the developers are choosing solar facades on the building's outer envelope. For instance, in August 2022, Australian firm Kennon planned a new project in Melbourne called 550 Spencer, the eight-story office building will produce more electricity than it requires using a cutting-edge solar facade made up of 1,182 solar panels. Thus, the increasing number of projects requires a huge amount of gasket products to install facades in place and make them stable to withstand high pressures and extreme climates.
- Furthermore, façade gaskets are heavily used in modern construction as well as the restoration of old buildings. In addition, most of the countries have aging structures that were fitted with older-style facade seals and gaskets. These older seals and gaskets can be replaced by new products made of more efficient materials that can withstand today's extreme weather conditions in high-rise buildings. Ethylene propylene diene monomer, silicone, rubber, thermoplastic elastomer, etc. are some of the major materials utilized in gasket manufacturing across the globe.
