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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 81.94 Billion |
| Market Size by 2028 | US$ 120.12 Billion |
| CAGR (2021 - 2028) | 5.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Material
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Facade Market is valued at US$ 81.94 Billion in 2021, it is projected to reach US$ 120.12 Billion by 2028.
As per our report Asia Pacific Facade Market, the market size is valued at US$ 81.94 Billion in 2021, projecting it to reach US$ 120.12 Billion by 2028. This translates to a CAGR of approximately 5.6% during the forecast period.
The Asia Pacific Facade Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Facade Market report:
The Asia Pacific Facade Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Facade Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Facade Market value chain can benefit from the information contained in a comprehensive market report.
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