Commercial Segment to Dominate Asia-Pacific Facade Market during 2019–2028

According to a new market research study on “Asia-Pacific Facade Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Material, Application, and Product Type,” is expected to reach US$ 120.12 billion by 2028 from US$ 81.94 billion in 2021. The market is estimated to grow at a CAGR of 5.6% from 2021 to 2028. Increasing use of smart elements and sustainable design is the major factor driving the growth of the Asia-Pacific facade market. However, risks related to complexity of façades may hinder the growth of Asia-Pacific facade market. The report provides trends prevailing in the Asia-Pacific facade market along with the drivers and restraints pertaining to the market growth.

The COVID-19 that emerged in China has affected several neighboring countries, such as India, South Korea, and Japan. The impact of COVID-19 has significantly affected the smart highway market in 2020. The imposition of a ban on commercial activities has disrupted the industrial supply chains in APAC, leading to raw material shortages. The façade developers require various materials and components, and most of these components are produced in China and other countries in Asia Pacific, which were severely affected by the pandemic. There are also restrictions on international trade as lockdowns are imposed on the borders of countries. All these have limited the construction activities, which has hampered the market's growth in the region in 2020. However, in 2021, with the uplifting of lockdowns and the vaccination process, the shipment of raw materials has started again, and construction projects have resumed. Various large-cap multinational technology companies are shifting their operations in various countries in this region. The construction of office spaces in these regions, and the focus of different governments on implementing policies to support green building construction have created a resilient demand for façade in the post-pandemic scenario in APAC.

The Asia-Pacific facade market is segmented into material, application, product type, and country. Based on material, the Asia-Pacific facade market is segmented into glass and metal, concrete and steel, ceramic, wood, UPVC, and others. The glass and metal segment held the largest market share in 2020. Based on application, the Asia-Pacific facade market is segmented into residential, commercial, and industrial. The commercial segment held the largest market share in 2020. Based on the product type, market is segmented into windows, doors, curtain walling, and others. The curtain walling segment accounts for largest market share in the 2020. Similarly, based on country, the market is segmented into China, Japan, India, South Korea, Australia, and rest of APAC. China contributed a substantial share in 2020. 

Aluplex India Pvt Ltd; Axis Facades; Benson Curtain Wall (MiTek Industries, Inc.); Bouygues SA; JML (U.A.E.) LLC; Lindner Group; Meinhardt Group; PERMASTEELISA S.P.A; Qingdao REXI Industries Co., Ltd; Ramboll Group A/S; ROCKWOOL International A/S; Seele verwaltungs GmbH; and YKK AP FACADE PTE LTD are among the leading companies in the Asia-Pacific Facade Market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Meinhardt Group has announced the acquisition of Bonacci Group in order to improve and extend the company's Australian operations

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