The facade market in Asia-Pacific is expected to grow from US$ 81.94 billion in 2021 to US$ 120.12 billion by 2028; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028.
Smart building design in the construction industry is very closely linked to sustainability. Applying smart elements into upcoming façades includes selecting and testing different technologies to enhance the quality and abilities of a façade system. A façade can be attributed as smart when it can adapt to environmental conditions and transform accordingly, subject to the components' adjustability and adaptability to different conditions, both inside and outside the building. Smart façades also include smart glazing to maximize sunlight while protecting against solar radiation, simultaneously controlling ventilation and heating when required. Smart façade design also makes it more interactive and flexible. The wide and versatile nature of adaptability and innovations in interactive façade design creates an ever-growing scope for market growth in the near-to-mid-term future. Additionally, extensive research and capital are being invested in developing advanced façade systems, and the primary focus is on glazing systems and various types of walls. Furthermore, modern facades are being developed for compatibility with various types of buildings. Interestingly, other developments include algae models, where a glass façade is used to grow microalgae that utilize the sun's rays to heat water used in building operations. All these factors point toward bright prospects of façade designs for development. Advanced technologies are being incorporated to enhance the façades by adding value and function to buildings.
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.
Asia-Pacific Facade Market Revenue and Forecast to 2028 (US$ Billion)
Asia-Pacific Facade Market Segmentation
Asia-Pacific Facade Market – By Material
- Glass and Metal
- Concrete and Steel
- Ceramic
- Wood
- UPVC
- Others
Asia-Pacific Facade Market – By Application
- Residential
- Commercial
- Industrial
Asia-Pacific Facade Market – By Product Type
- Windows
- Doors
- Curtain Walling
- Others
Asia-Pacific Facade Market– By Country
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
Asia-Pacific Facade Market-Companies Mentioned
- 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
- YKK AP FACADE PTE LTD