Global Building Envelope Market Expected to Reach US $182510 Mn by 2025
LOS ANGELES, December 23, 2019 (Newswire.com) - QY Research has recently added a report titled, “Global Building Envelope Market Size, Status and Forecast 2019-2025”. According to the report, the global building envelope market was worth US $141050 mn during 2018 and is expected to reach US $182510 mn by the end of 2025, registering a CAGR of 3.6% during the forecast period of 2019 to 2025.
Ability to Provide Comfort and Increase Visual Appeal to Boost the Global Market
The ability of building envelope to physically separate the exterior environment from the interior environment is expected to drive the market. It helps to provide insulation and provides separation among interior environments, enclosure system, and exterior systems. The separators in interior environment separates the interior walls and floors within the building. Enclosure components aid in separating interior environment from the exterior. It is exposed to the roof system, the base floor system, below grade system, and above grade system. Enclosures provide spaces related to air, moisture, heat, ground, and gravity. Exterior environment provides protection from natural phenomena, human made effects, mass, energy, and climate changes.
It is expected to rise in demand as it provides support, resistance, transfer, control, regulate loadings, finish enclosure surfaces, and distribute utilities. This architectural and engineered envelope acts as a barricade for external noise, light, heat, water, and air. It is extensively used in countries with extreme weather conditions.
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Diverse Attributes of Thermal Insulation to Transform this Segment
Thermal insulation material segment is expected to augment in the market as this aids in providing comfort and the building becomes thermally efficient. It helps in controlling heat transfer, conduction, convention, and radiation.
China to Lead the Global Market Construction Remains a Key Industry
China is rising in the global market as it is witnessing the highest numbers construction of industrial, commercial, and residential buildings. This region has cheaper man power which assists in socio-economic development of the region. Increased employment is another reason to boost the regional market.
Companies Such as Saint-Gobain Seek to Broaden Business Dynamics
Saint-Gobain has recently merged with Continental Building Products by entering into an agreement to acquire all the outstanding shares of Continental Building Products which will account for $1.4 bn for $37.00 per share. This business combination will help broaden Saint-Gobain’s asset portfolio along with providing wider customer base.
The key players operating in the global building envelope market are JiangHong Group, Dow, Etex Corp, Yuanda China, Knauf Insulation, Rockwool International, GAF, Kingspan Group, Owens Corning, and Saint-Gobain.
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Source: QY Research, Inc.
