China facade market is estimated to grow considerably at a CAGR of around 6.3% during the forecast period. The Government of China invested around $0.13 trillion in infrastructural development from 2017 to 2018. This investment was majorly planned for the development of infrastructure, households, and businesses. The Government of China is majorly focusing on boosting household investment rather than that of the public infrastructure. According to the IMF, China has invested about $3.2 trillion in the infrastructural sector in the past 5 years. Also, in 2018, the private infrastructure investment in the country was around $10 billion in the past 5 years. Furthermore, the increasing urbanization in the country is expected to propel the growth of the facade market. The substantial rate has been observed in China. The negative growth of the urban population, this is due to the inclination of the people towards establishing their home in the northeast part of the country.
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However, in some small cities that have benefited, due to declining urbanization, the small cities would be new sites of living and industry development. Therefore, this factor has driven the facade market. China has announced a new rural construction plan for the transformation of old cities that will boost the facade market in the near future. Furthermore, from the perspective of population development, the country has a “two children” policy that reflect a growing demand for living space and better construction facilities. The increasing demand for moving to a larger size house by the middle and high-income groups will drive the growth of urban landscapes along with the urban functional public buildings in the cities across the country.
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The companies which are contributing to the growth of the China facade market include AECOM, Lindner Group, Permasteelisa Group, Saint-Gobain S.A., Jiangsu Paneltek Ceramic Co., Ltd., and Qingdao REXI Industries Co., Ltd. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.
Market Segmentation
China Facade Market by Façade Type
- Ventilated
- Non-Ventilated
China Facade Market by End-User
- Commercial
- Residential
- Industrial
Company Profiles
- AECOM
- Jiangsu JINJIU Sci-tech New Materials Co. Ltd.
- Jiangsu Paneltek Ceramic Co., Ltd.
- Kao Lee Aluminum Industrial Pte. Ltd.
- Lindner Group
- Permasteelisa Group
- Qingdao REXI Industries Co., Ltd.
- Saint-Gobain S.A.
- Shenzhen Sun Global Glass Co., Ltd.
- Tata Steel Ltd.
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