Report : South America Facade Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Glass and Metal, Concrete and Steel, Ceramic, Wood, UPVC, and Others), Application (Residential, Commercial, and Industrial), and Product Type (Windows, Doors, Curtain Walling, and Others)
Curtain Walling Segment to Dominate South America Facade Market during 2019–2028
According to a new market research study on “South America Facade Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Material, Application, and Product Type,” is expected to reach US$ 13.09 billion by 2028 from US$ 10.72 billion in 2021. The market is estimated to grow at a CAGR of 2.9% from 2021 to 2028. Widescale adoption in corporate buildings is the major factor driving the growth of the South America facade market. However, risks related to complexity of façades may hinder the growth of South America facade market. The report provides trends prevailing in the South America facade market along with the drivers and restraints pertaining to the market growth.
South American countries have witnessed growth in several industries over the past few years. However, the COVID-19 pandemic has significantly affected this region, especially infrastructural development activities. Due to the lack of raw materials, the market faced obstructions, as the components and materials used in façade systems are imported from other countries. Due to supply chain disruption, the revamp of existing building structures has been halted in the region. However, with the rising urbanization in major cities in SAM and the capabilities of a façade system to create energy-efficient buildings, the market is expected to stabilize with the proper implementation of vaccine drives and restart of construction activities.
The South America facade market is segmented into material, application, product type, and country. Based on material, the South America 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 South America 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 Brazil, Argentina, and rest of South America. Brazil contributed a substantial share in 2020.
Bouygues SA; Lindner Group; Ramboll Group A/S; ROCKWOOL International A/S; and Seele verwaltungs GmbH are among the leading companies in the South America 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 2021, ROCKWOOL has been recognized by EY for its long-term value generation. ROCKWOOL received the award for helping to reduce the building sector's climate impact and for taking bold steps to expedite the green transition.
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