North America Facade Market - Growths, Trends, COVID- 19 Impact, Forecasts (2023-2028)

The size of North America Facade market is USD 48.74 billion in the current year and is anticipated to register a CAGR of over 3% during the forecast period

Key Highlights

• The implementation of lockdowns and transportation bans, the closure of industrial facilities, and labor scarcity had a negative impact on the performances of significant participants in North America's construction and real estate industries. Notably, the COVID-19 pandemic had the greatest negative impact on the US construction industry in 2020 because of labor scarcity, project suspension and cancellation, and disruptions in supply and logistics. The North American facade market was adversely affected in the short term as a result.
• Some of the factors driving the market are the rising urbanization levels and the expansion of contemporary infrastructure. The need for facades is also being driven by rising consumer living standards and a growing interest in aesthetically pleasing building designs. The market is expanding even more as a result of the growing preference for ceramic, glass, or PVC-based alternatives to conventional roofs, sidings, and wall claddings.
• The demand for facades to control internal temperature and offer thermal insulation has increased as a result of the emergence of green and energy-efficient buildings, reducing the need for additional HVAC systems. In addition, the increasing use of facades in commercial and industrial buildings due to their enhanced durability, weatherproofing, and manufacturing, is accelerating market expansion.

North America Facade Market Trends

Growing Construction Industry is Driving the Market

The Construction industry is the backbone of the region's economy, responsible for building and maintaining cities, towns, and communities constructed infrastructure. Over the last decade, infrastructure and construction have seen remarkable growth, with around 50 skyscrapers being completed in major cities like Toronto, Vancouver, and Calgary.

Canada has one of the world's largest economies and is one of the world's wealthiest countries. Infrastructure Canada financed 6,500 projects to develop and maintain thousands of kilometers of expressways and motorways. The Canadian government is poised to increase spending on housing and renewable energy initiatives in keeping with its electoral commitments. In its election platform, the party stated that it would invest CAD 2.7 billion (USD 2.1 billion) during the following four years to construct or repair 1.4 million affordable housing units and that by the end of the decade, greenhouse gas emissions would be reduced by 40-45% below 2005 levels.

The United States Department of Transportation (USDOT) announced in July 2021 that the Infrastructure for Rebuilding America (INFRA) program would fund 24 projects across 18 states with a total of USD 905.25 million in discretionary grants. The 1.3-mile confluence location between the SR-57 and SR-60 highways in Los Angeles County will have a number of changes built owing to a grant of USD 30.0 million to the Los Angeles County Metropolitan Transportation Authority. Employing a direct 324-mile intermodal freight rail service, the Georgia Ports Authority will use USD 46.8 million to develop a new inland container port along the I-85/I-985 corridor in an unincorporated area of Gainesville.

Environmental and Energy - Related Benefits Provided by Facade system is Driving the Market

One of the most significant factors in a building's energy costs and essential comfort factors is its facade. Additionally, it is one of the crucial factors in the engineering, design, and operation of buildings. Facades can manage heat transmission, provide natural ventilation, promote occupant productivity, create visual and physical links between the interior and outside, and, most crucially, lower operating costs for a building in addition to defining its appearance.

Additionally in high demand are solar facades with building-integrated photovoltaics. With the added benefit of creating clean energy, a solar facade can replace conventional facade materials while still offering the same level of protection. A better distribution of energy output is provided by solar energy from the facade, which also reduces grid congestion.

Facades also provide buildings with more sturdiness and endurance, which is advantageous. The facades can endure strong winds and heavy rain without harming the outside. They can also provide an additional layer of sun protection. Facades can reduce your heating and electricity costs in addition to being built more affordably.

Moreover, Facades offer a chance to give a structure a distinctive look and feel. A facade may make a dramatic statement and transform many different types of buildings. The ability to build facades to reduce noise pollution is another advantage. With the help of soundproofing boards, outside noises like construction, traffic, rail, and airplanes can be readily blocked out. Most of the advantages and benefits of the facade system apply to commercial and industrial buildings.

North America Facade Market Competitor Analysis

The North America Facade market is fragmented with the presence of many international as well as local players. Some of the major players in the market are Benson Curtain Wall & Glass (MiTek Industries Inc), Enclos Corp., PERMASTEELISA S.P.A, Apogee Enterprises, Inc, and Seele verwaltungs GmbH. Several major players in the market are using clever strategies, such as introducing curtain walls and other functional facades that have a good influence on energy efficiency and have strong resilience to weather, heat, noise, light, and glare. Also, various players are heavily investing in product innovations based on harnessing solar energy from facades.

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