Market Size of Facade Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 246.96 Billion |
| Market Size (2029) | USD 315.11 Billion |
| CAGR (2024 - 2029) | 5.00 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Facade Market Analysis
The Facade Market size is estimated at USD 246.96 billion in 2024, and is expected to reach USD 315.11 billion by 2029, growing at a CAGR of 5% during the forecast period (2024-2029).
COVID-19 hard hit on the construction sector across the globe, resulting in project delays, labor shortages, and halts in some places due to the pandemic restrictions.
Later, after easing the restrictions, the construction sector experienced a slow recovery. Currently, some of the regions are witnessing significant growth in commercial and residential projects, further driving the façade manufacturing sector.
Moreover, façade installations are gaining traction across the world, majorly driven by increasing concern towards energy efficiency and external beautification aspects. In addition, solar facade installations are exercising lucrative growth, and to meet the increasing demand for solar facades most manufacturers are focusing on developing new and advanced solar facades. For instance, in March 2022, a Canadian solar technology manufacturer, Mitrex, launched the Solar Brick, which looks like a brick wall but has embedded solar modules. These modules are lightweight and durable and can store energy, which is enough to power the building.
Furthermore, increasing commercial and residential projects across the globe fuel the façade’s adoption. For instance, in 2022, in Europe, the King Baudouin Foundation planned to fund more than EUR 500,000 (USD 534,175) to support 11 projects to green the public space by creating vertical gardens on the facades of public buildings throughout Belgium. In addition, more than 28 projects were submitted for greening the outer walls of hospitals, town halls, libraries, cultural centers, sports facilities, swimming pools, museums, theatres, libraries, and community centers, out of which nearly 11 projects were selected. Thus, the façade market is witnessing lucrative growth across the globe.
