According to the latest report by IMARC Group, titled “India Facade Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the India facade market reached a value of US$ 2,424.4 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 3,930.4 Million by 2027, exhibiting a CAGR of 8.30% during 2022-2027.
A facade refers to the exterior front of a building, comprising of roofing, street awnings, ventilation louvers, etc. It is generally made of wood, metal, concrete, glass, stone, ceramic, polyvinyl chloride, etc. Some varieties of facades include cladding, siding, exterior insulation finishing system, curtain wall, etc. A facade offers improved waterproofing, durability, fabrication, and weather protection while providing an aesthetic appeal to the building. It is also utilized in energy-efficient buildings to regulate internal temperatures, control light penetration, and provide thermal insulation. Consequently, facades are widely adopted across industrial, residential, and commercial establishments across India.
India Facade Market Trends and Drivers:
The elevating levels of urbanization and the growing demand for modern housing infrastructures are among the primary factors driving the India facade market. Moreover, the emerging focus towards aesthetically appealing building designs and the improving consumer living standards are further stimulating the market growth.
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In line with this, the expanding adoption of facades in corporate buildings and industrial facilities, owing to their enhanced durability and weatherproofing properties, is further propelling the India facade market. Additionally, various architectural organizations are developing modern and eco-friendly product variants to address the inflating environmental concerns and overcome restrictions concerning soundproofing.
This, in turn, is acting as another significant growth-inducing factor. Apart from this, the development of smart facades, which are designed to automatically adjust and adapt to varying weather and sound conditions, is anticipated to bolster the India facade market over the forecasted period.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
India Facade Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Ajit Glafa India Pvt Ltd, Alfa Facade Systems Pvt. Ltd., Alstone International, Alufit International Pvt Ltd (Schüco International KG), Alumayer, Aluplex, Alutech Panels, Argo Facades, FG Glass, Finilex Laminates India (OPC) Private Limited, Glass Wall Systems, Innovators Facade Systems Limited, Kingspan Jindal Pvt. Ltd. (Kingspan Group), Plectra Facade Industries LLP, RK Facade Pvt. Ltd., Saint-Gobain Glass India (Saint-Gobain Group), Siddhivinayakcreations Facade Pvt. Ltd, Skyshade Daylights Private Limited, and Windorz India Private Limited.
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The report has segmented the market on the basis of region, product type, material and end user. Market Breakup by Product Type:
Market Breakup by End User:
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Key highlights of the report:
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