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The facades market size is forecast to increase by USD 133.9 billion at a CAGR of 8.1% between 2023 and 2028. The market is experiencing significant growth due to the increasing adoption of green construction in both residential and commercial sectors. The green office concept, which prioritizes energy efficiency and sustainability, is gaining popularity, leading to higher demand for facades that offer longevity and low maintenance. This trend is particularly noticeable in the US, where the construction industry is undergoing a transformation towards more sustainable practices. Major contributors to market growth include the rise in population and urbanization in emerging economies, leading to increased demand for new buildings. However, challenges persist, such as labor shortages and high raw material and installation costs. To address these challenges, manufacturers are turning to innovative solutions like magnesium oxide boards and metal composite materials, which offer durability and cost-effectiveness. Additionally, the demand for facades in non-residential buildings such as libraries, museums, and offices is expected to continue, further driving market growth. Despite these challenges, the future looks promising for the market, with opportunities for growth in manufacturing plants and mills that can produce high-quality, cost-effective, and sustainable facade solutions.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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