In 2020, the commercial end-use segment captured the largest share of exceeding 50.0%. Facades are extensively used in commercial and residential buildings to protect the interior and provide a visually appealing outer architecture. The product is extensively used in commercial buildings due to the availability of high construction budget among corporates. The rise in the number of commercial buildings, such as retail stores, hotels, medical centers, warehouses, and garages, in India, China, Brazil, and the Middle Eastern countries is expected to spur the growth of the market over the forecast period.
BUILDING FACADE: WHY IS IT CRUCIAL IN COMMERCIAL ARCHITECTURE
The following are a facade’s purposes:
- Developing a connection between the interior and exterior settings.
- Building a depiction of the structure, goals, and outlook of the building.
- Enabling access to sufficient lighting and a visual link to the outside.
- Controlling airflow, resisting winds, and preventing access to water are all examples of weatherproofing.
- Allowing windows to be opened for ventilation.
- Insulation for both sound and heat.
- UV rays and solar gain are under control.
Embracing The FAÇADE & FENESTRATION Revolution
With the growth in commercial and residential real estate, the façade and fenestration industry is poised to witness an unabated growth. Prajakta Karnik takes a peek into the growth trends of the industry.
India’s façade and fenestration industry is witnessing a significant shift both aesthetically and architecturally. The influence of developed economies is evident in the way the residential and commercial real estate projects are shaping today. Also, the rise in aspirational spending has transformed the aesthetics of the façade and fenestration industry.
Interestingly, the transformation is not limited to tier 1 and 2 cities, but it has proliferated even in tier 3 cities as people are paying closer attention towards the look and feel of the buildings. At the same time, they are also consciously complying with energy efficiency standards.
As per industry estimates as of December 2018, the current market size of the façade industry in India is Rs 15,000 crore and witnessed an annual growth rate of 20% due to rapid urbanization and increased demand for office and other high-end glass façade buildings.