Market Size of Latin America Facade Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 7.00 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Latin America Facade Market Analysis
The size of Latin America Facade market is USD 24.2 billion in the current year and is anticipated to register a CAGR of over 7% during the forecast period.
- Due to rapid urbanization, Latin American countries have been scaling-up green buildings, in some cases achieving significant reductions in energy consumption, water use, carbon dioxide emissions, and solid waste.
- In addition, facade provides various benefits in making energy-efficient buildings with low solar penetration, passive cooling, reduced overheating, and lower air conditioning costs, which is further expected to support the demand for facades over the forecast period.
- Factors such as the growing construction industry supported by favorable government assistance and inclination toward constructing green buildings are impacting the infrastructural projects, thereby positively driving the growth of the facade market. Also, the penetration of advanced insulation material, UPVC, and double skin facades are higher than other materials, as it improves the energy efficiency of the building. Moreover, the advent of sophisticated technologies, such as precast facade panels, is projected to generate ample growth in the facade market. However, the high cost of raw material and installation and repair costs are expected to hamper the growth of the facade market.
- The COVID-19 outbreak halted the market's expansion. According to the Brazilian Institute of Geography and Statistics, the construction sector in Brazil experienced a 1% year-over-year decline in the first quarter of 2020 and a 6.7% quarter-over-quarter decline.
- The outbreak of COVID-19 is likely to bring several short-term and long-term consequences in various industries, including a major impact on the construction industry, which has affected the facade market. Work interruptions due to lockdown measures imposed by governmental authorities negatively affected the commercial, residential, infrastructural, and institutional sectors, decreasing the demand for facade installations. Such lower demand from the commercial and residential construction sectors is expected to hinder the demand for facade materials during the short term.
Latin America Facade Industry Segmentation
A facade is generally the front part or exterior of a building, especially an imposing or decorative one. From the engineering perspective, the facade is of great importance due to its impact on energy efficiency. Some of the common varieties of facades include exterior insulation finishing systems (EIFS), cladding, curtain walls, siding, etc. They are widely adopted to provide an aesthetic appeal to the building and ensure excellent durability, weather protection, waterproofing, fabrication, etc.
The report provides a comprehensive background analysis of the Canada Facade market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the competitive landscape of the industry. Additionally, the COVID-19 impact has been incorporated and considered during the study. Latin America Facade Market is Segmented By Type (Non-Ventilated, Ventilated, and Others), By Material (Glass, Metal, Stone Ceramic, Wood, and Others), By Application (Commercial, Industrial, and Residential), and By Geography (Brazil, Mexico, Argentina and the Rest of Latin America). The report offers the market sizes and forecasts for the Latin America Facade Market in value (USD) for all the above segments.
By Type | |
Ventilated | |
Non-Ventilated | |
Others |
By Material | |
Wood | |
Glass | |
Metal | |
Stone | |
Ceramic | |
Others |
By End-User | |
Residential | |
Commercial | |
Industrial |
Latin America Facade Market Size Summary
The Latin America facade market is experiencing robust growth, driven by rapid urbanization and a strong focus on green building initiatives across the region. The increasing adoption of energy-efficient building practices, such as low solar penetration and passive cooling, is significantly boosting the demand for facades. This trend is further supported by the construction industry's expansion, bolstered by favorable government policies and a shift towards sustainable infrastructure projects. The market is witnessing a higher penetration of advanced materials like UPVC and double skin facades, which enhance energy efficiency. Additionally, the introduction of sophisticated technologies, such as precast facade panels, is expected to contribute to market growth. However, challenges such as high raw material costs and installation expenses may impede progress.
The market landscape is characterized by a high degree of fragmentation and competition, with numerous key players actively engaging in collaborations, innovations, and strategic expansions to maintain their market positions. Countries like Mexico and Brazil are at the forefront, with significant contributions to the construction sector's GDP and a growing number of LEED-certified projects. The demand for eco-friendly facades is further propelled by increasing awareness of zero-emission buildings and the need for fully recyclable materials. Notable projects, such as the Eco Berrini Building in Brazil and the Urban Development Company building in Colombia, exemplify the region's commitment to sustainable architecture. As the market continues to evolve, the focus on environmentally friendly materials and technologies is expected to drive further growth in the Latin America facade market.
Latin America Facade Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Current Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Market Opportunities
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Bargaining Power Of Suppliers
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1.5.2 Bargaining Power Of consumers/ Buyers
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1.5.3 Threat of New Entrants
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Insights on Changes in Consumer Behavior in the Market
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1.7 Insights on Government Regulations in the Market
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1.8 Insights on Technological Advancements in the Market
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1.9 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Ventilated
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2.1.2 Non-Ventilated
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2.1.3 Others
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2.2 By Material
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2.2.1 Wood
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2.2.2 Glass
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2.2.3 Metal
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2.2.4 Stone
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2.2.5 Ceramic
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2.2.6 Others
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2.3 By End-User
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2.3.1 Residential
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2.3.2 Commercial
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2.3.3 Industrial
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Latin America Facade Market Size FAQs
What is the current Latin America Facade Market size?
The Latin America Facade Market is projected to register a CAGR of 7% during the forecast period (2024-2029)
Who are the key players in Latin America Facade Market?
Roofway, Ventanar, Estudio Marshall & Associates, Mallol Arquitectos and Au-Mex are the major companies operating in the Latin America Facade Market.