The North American facade market is estimated to grow significantly at a CAGR of around 13.7% during the forecast period. North America is projected to be the most opportunistic region in the global facade market over the forecast period. This is due to the increasing development of eco-friendly construction activities such as bio-climatic facades and other modern facades. Moreover, the government initiates in the development of the smart industrial sector is expected to positively impact the revenue of facade market in the region. Favorable government schemes within the region have led towards the increase in solar power plant construction projects in the US. Canada’s green building market is growing steadily, according to the McGraw Hill Construction and Canada Green Building Council. This, in turn, would increase the deployment of a facade in the green building projects.
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As at the end of 2016, the US had 40 gigawatts (GW) of installed photovoltaic capacity, having almost thee doubled capacity from the previous year. At the end of 2015, the US ranked 4th across the globe following China, Germany, and Japan, and employment of solar power plants had overtaken oil, gas and even coal employment in the US in 2016; and approximately 40% of all new electricity generation capacity in the country came from solar, more than any other source of energy as per International Energy Agency. Hence, the growth of the facade market in the region will increase with the increase in the demand for solar panels in the region.
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The companies which are contributing to the growth of the North American facade market include Apogee Enterprises, Inc., AECOM, Enclos Corp., ROCKWOOL International A/S, and Saint-Gobain S.A. 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. For instance, in June 2017, Apogee Enterprises, Inc. acquired the stock of EFCO Corp., a US manufacturer of architectural aluminum window, curtain wall, storefront for commercial construction projects.
Market Segmentation
North American Facade Market by Façade Type
- Ventilated
- Non-Ventilated
North American Facade Market by End-User
- Commercial
- Residential
- Industrial
Regional Analysis
- United States
- Canada
Company Profiles
- AECOM
- Alumicor, Ltd.
- Apogee Enterprises Inc.
- Belden Tri-State Building Materials
- Dekton USA
- Elemex Inc.
- Enclos Corp.
- Feal Group, Inc.
- National Enclosure Company, LLC
- New Hudson Facades
- Northern Facades, Ltd.
- ROCKWOOL International A/S
- Saint-Gobain S.A.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
