Pune, India, January, 2019,/MRFR Press Release/- Market research future published a half-cooked research report on Global Facades Market. The facades market is expected to grow over the CAGR of around 5.7% during the period 2018 to 2023.
The global facades market is anticipated to witness sustainable growth throughout the forecast period. Increased consumption of facades in Asia-Pacific, the growing construction industry, investment in material R&D, and supportive government regulations & initiatives is expected to drive the demand for facades. However, fluctuation in raw material prices and unavailability of skilled labor, is expected to hinder the growth of the market.
North America region, to see a gradual increase in the Facades market over the forecast period:
Based on region, the global facades market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America region dominated the global market, followed by Europe, primarily due to the increasing investments in Research & Development for advanced materials along with stable growth in the private construction market. The rise in construction industry is attributed to private housing, commercial and infrastructure construction growth. Moreover, various benefits of facades such as cost-effectiveness, durability, and energy saving capabilities has further enhanced the demand for this market.
Commercial segment, to occupy a dominant position in the overall facades market:
Based on application, the commercial segment is expected to exhibit maximum growth rate between the period of 2018 to 2023. The reason is attributed to the rapid expansion of multi-national companies and manufacturing units, especially in the region of Asia-Pacific, which has resulted in the growing office spaces, and manufacturing units. This is backed by increased spending by the corporates on various construction developments.
Global Facades Market, 2016-2023 (USD Million)
The prominent players in the Facades market are Enclos Corp. (US), Permasteelisa S.p.A. (Italy), Walters & Wolf (US), Jinjiu Sci-Tech New Material Co. (China), Harmon Inc. (US), Rautaruukki Corporation (Finland), Hansen Group (Denmark), EOS Facades Limited (England), Rockpanel Group, and National Enclosure Company, LLC (US) among others.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/facades-market-7076