Global Metal Facade Cladding Market Worth US $3534.07 Million by 2022
Pune, India -- (SBWire) -- 11/28/2018 --Industry Trends
Metal facade cladding provides protection to the exterior frame of the building by inlaying metal cladding to the surface of the building structure. The cladding is highly sustainable and qualitative solution, in order to retain the facade of the building structure throughout the years. The cladding elements are made of different metals that are fixed to the substrate wall by means of a lightweight substructure. Rapid advancement in technology has introduced the sheet metal facades, having an advantage of easy installation on the building structure, cost-effective, and lifelong. Therefore, the demand for metal façade cladding is growing with a high pace. The Metal Facade Cladding Market was valued at US$ 2631.43 Mn in 2017 and is expected to reach US$ 3534.07 Mn by 2022.
Modern buildings are becoming the part of metal cladding. They represent the very hi-tech look to the building. In many cases it is used to give a modern look to old buildings. Novel applications are also being introduced for newly developed composite panels, which is expected to enhance the demand for façade panels.
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Metal Facade Cladding Market, By Application
Metal facade cladding structure is mainly used in commercial application. During the forecasting period, commercial application is anticipated to share largest market and is holding the largest market at present as well. For commercial application, metal facade cladding provides external noise absorbing features making it ideal for applications requiring both sound absorption and design. Also, it is used for exterior or interior wall cladding, showroom displays, restaurants and bars, offices & apartment buildings, ceiling tiles, furniture, flooring, signs, lighting, fixtures, exhibits and for other application.
Metal Facade Cladding Market, By Region
The main factors driving the market in the North America regions are presence of major players in the region as well as technological advancement in the region. U.S. region holds the largest share in the region due to presence of metal facade cladding in the construction & building industry. Owing to the success of many recent projects, having advanced façade designs, there is increase in the use of new technologies for building designs, such as NACIA award recipients include several Canadian projects this year in 2018, such as the roof replacement of the Currie and Mackenzie buildings of the royal military college in Kingston, Ontario. However, all new and restored copper cornices, acanthus leaves, dormer cladding and ornamentation are replaced. Additionally, the use of metal wall cladding systems is rising in the energy sector for the U.S.A., as there are ample of opportunities in the energy sector.
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Competitive Landscape
The report provides both, qualitative and quantitative research of the market, as well as strategic insights along with developments that are being adopted by the key contenders. The report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players. The key business strategies such as mergers and acquisition (M&A), affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their competitors, service type, application and specification, pricing, and gross margin.
Metal facade cladding market participants include A. Zahner, Anclajes Grapamar S.L, Ancon Limited, Anping Kingdelong Wiremesh Co., Ltd., ArcelorMittal Construction, ASTEC Industries Inc., ATAS International, BASF, Bemo Systems, BlueScope Steel, Huntsman Corporation, James & Taylor, Kalzip Ltd, POHL Fassaden (Christian Pohl GmbH), amongst others.
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