Market Trends of North America Facade Industry
This section covers the major market trends shaping the North America Facade Market according to our research experts:
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.
