19/07/2018 – News / Sustainability / Construction / Event / Middle East
GCC facades market explores sustainability, as the sector gears up for a staggering 50% growth by 2025
The value of new facades projects will grow by over one-third (50.7 per cent) between 2017 and 2025 across the UAE, Saudi Arabia, Kuwait, Bahrain and Oman, according to a new study conducted by US-based market research and consulting firm Grand View Research on behalf of the upcoming Windows Doors & Facades (WDF) event.
The report – released in the lead-up to the third edition of the Middle East’s largest dedicated platform for the windows, doors and facades industry – provides a comprehensive analysis of the market’s outlook and its major trends.
“Construction in the GCC region is not new to growth rates that are above the world average,” commented Rebecca Lockwood, Event Director of WDF. “However, the forecast for the next seven years is extraordinary. It shows a tremendous potential for all the players of the windows, doors and facades industry.”
In 2025, the total value of facades projects in KSA, UAE, Kuwait, Oman and Bahrain will exceed US$10.7 billion, with an additional US$10.2 billion accounted for windows and doors only.
Saudi Arabia tops the list of best performing markets, with a 6.8 per cent CAGR, and facades projects expected to reach a value of US$5.9 billion by 2025. In the UAE, the facades projects, valued US$2.3 billion in 2017, will reach over US$3 billion over the same period, with a +3.8 per cent CAGR, and +33.5 per cent growth in absolute terms.
The expansion of environmental regulations across the region, like Dubai’s smart city initiative and green code for building specifications and design, is one of the leading growth drivers, the report shows.
“A new sustainability agenda, public policies, and rising energy costs are driving a positive change in the industry,” commented Ms Lockwood. “Suppliers are now focusing on innovative technologies and materials to meet the changing market demand.”
According to Umur Ahmet Duymaz, General Manager of Orgadata Middle East, the industry is today looking for more dynamic facades, as well as for electronic, computerised system integration. In the UAE and the broader GCC region, energy consumption is a key concern – as a result, attention to sustainability and energy saving is growing.”
Eng. Giovanni Barbareschi, Fom Industrie Srl Area Manager, confirmed such sentiments, flagging up the international agreements being enacted with the aim of cutting carbon dioxide emissions, and how that would continue to drive a greater uptake of thermal isolated systems in the market. “It will be necessary to use higher quality materials in order to comply with these agreements and the fabricators will have to invest in upgrading their manufacturing process with more reliable equipment.”
Fom Industrie and Orgadata are among more than 150 local and international companies exhibiting at the Windows, Doors & Facades Event 2018. Hosted at Dubai World Trade Centre from 23-25 September, the show will display the latest technologies and innovative products for the evolving windows, doors and facades industry.
Supported by Schüco (the event’s Founding Partner and Titanium Sponsor), Orgadata, Elumatec and Cladtech International as Founding Partners, the show will gather thousands of decision-makers and industry experts for three days of networking business and learning opportunities.
A broad educational agenda – featuring free to attend and Continuing Professional Development (CPD) certified workshops – will explore the latest industry trends and provide guidance into the future of the facades sector.
To learn more about the upcoming Windows, Doors & Facades Event, visit: www.wdfevent.ae
Request the full report at: email@example.com
Mines and Money Connect London 2023
Petrochemical and Refining Congress: Europe 2023
Abu Dhabi, UAE