SET FOR STAGGERING 50.7% GROWTH, THE GCC FACADES MARKET LOOKS AT SUSTAINABILITY
Preparations for the Dubai Expo are fueling new urban development projects across the Emirate. The drive, a report shows, will continue boosting the windows, doors and facades industry well beyond 2020, and well beyond expectations.
The value of new facades projects will grow by 50.7% between 2017 and 2025 across the United Arab Emirates, Saudi Arabia, Kuwait, Bahrain and Oman, according to a study conducted by Grand View Research (a USA-based market research and consulting company) for the Windows Doors & Facades Event (WDF).
The report, released in the lead up to the third edition of 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. 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,”
comments Rebecca Lockwood, Event Director of WDF.
In 2025, the total value of facades projects in KSA, UAE, Kuwait, Oman and Bahrain will exceed USD 10.7 billion, with an additional USD 10.2 billion accounted for windows and doors only.
Saudi Arabia tops the list of best performing markets, with a 6.8% CAGR, and facades projects expected to reach a value of USD 5.9 billion by 2025. In the UAE, the facades projects, valued USD 2.3 billion in 2017, will reach over USD 3 billion over the same period, with a +3.8% CAGR, and +33.5% 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. 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,
“Today the industry is looking for more dynamic facades, as well as for electronic, computerized 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, confirms:
“Due to the deployment of international agreements to cut carbon dioxide emissions, we will experience an increased introduction of thermal isolated systems. 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 the 150+ local and international companies exhibiting at the Windows, Doors & Facades Event 2018. Running at the Dubai World Trade Centre from 23 to 25 September, the show will display the latest technologies and innovative products for the evolving windows, doors and facades industry.
Supported by Schüco (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 education 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 know more about the Windows, Doors & Facades Event, visit www.wdfevent.ae
Request the full report at [email protected]