The Middle East façade market is expected to witness a strong growth rate of 8.5% during the forecast period. The façade is the barrier between the interior and exterior environments of a building and has become an integral part of the building construction. The impact of building façades has become more important than ever in determining the operational and economic performance of construction projects. The increasing construction projects and activities coupled with the increasing number of smart city projects, and high performance in terms of energy efficiency and sustainability are some of the key factors expected to drive the demand for the Middle East facades market. The GCC countries are accepting the smart city framework to address their urban challenges, thus driving the demand for facades.
Growing construction projects to pump up the demand of the regional market
Based on material, glass is expected to hold a prominent share in the Middle East facade market. The reason behind the excessive use of glass facades is that glass as a building material delivers beauty, visibility, and light transmission. Glass transmits up to 80% of natural daylight and helps in energy and cost saving. In addition, the construction industry is growing at a significant pace in Middle East countries for the past couple of years and is expected to grow at a considerable growth rate in the upcoming future. As per the RationalStat Analysis, the Middle East and North African construction market valued at over US$ 330 billion in 2020, up from around US$ 235 billion in 2016, a net growth of 43%. This prominent growth in the construction segment has led to the increasing demand for various types of facades, in which glass façade remains the most popular.
GCC remains the frontrunner in the Middle East
In GCC, UAE is dominating the regional façade market and is anticipated to dominate in the upcoming years as well, mainly driven by the increasing construction projects and growing focus on the development of smart cities in the country. Saudi Arabia follows UAE in terms of the value of the regional façade market in 2021. The market is expected to grow at a moderate rate in Qatar, Oman, Kuwait, and Bahrain. However, in Turkey there are various government rules and regulations related to fire protection for use of curtain wall facades, thus the market for curtain wall façades in Turkey is expected to grow at a steady rate during the forecast period. However, the demand for façades in Israel is expected to expand significantly on the back of the growing construction sector.
Market Structure and Competitive Landscape
Some of the prominent players that contribute significantly to the Middle East façade market include Bouygues SA, KOLTAY FAÇADES, Lindner Group, Meinhardt Group, PERMASTEELISA S.P.A, Ramboll Group A/S, Fibrex Construction Group, Aygun Aluminyum A.S, AFS International, Seele Middle East FZE and others. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers and acquisitions, partnerships and collaborations, product launches, and geographical expansion are some of the strategies followed by industry players. Some of the key developments in the Middle East façade market include,
- In October 2018, UAE’s ASGC acquired façade firm JML, in order to increase their geographical reach and offer their customers top-quality products.
Key Market Segmentation
RationalStat has segmented the Middle East façade market on the basis of product type, material, end user, and region.
- By Product Type
- Ventilated Facade
- Curtain Walls
- Porcelain and Others
- Non-Ventilated Façade
- Ventilated Facade
- By Material
- Plastics and Fibers
- Construction Stone
- Others (Wood, Terracotta, etc.)
- By End User
- By Region
- Rest of Middle East
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
- Annual reports, company filings, investor presentations, product catalogs, and company documents
- Industry and market-related documents available in the public domain
- Paid database including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, Thomson Reuters, among others
- Whitepapers, research papers, and industry blogs.
Why Buy this Report?
The report is intended for façade manufacturers, construction industry, government organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption pattern, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.
Frequently Asked Questions (FAQs)
The Middle East Façade is expected to grow at a CAGR of approximately 8.5% during the forecast period 2022-2028.
GCC holds a prominent share of the Middle East Façade market.
The Middle East market for Façade was US$ 18.5 Billion in 2021.
The increasing construction projects and the emergence of advanced technologies are the key trends to influence the growth of the Middle East façade market.
Major companies operating in the Middle East Façade market are IBM Corp., Intel Corp., Google LLC, Microsoft Corp., Cisco Systems Inc., Oracle Corp., SAP SE, Meta, Salesforce Inc., Amazon Inc., Apple Inc., Nvidia Corp., Palantir Technologies Inc., C3.ai Inc., Micron Technology Inc., and others.