Global Exterior Wall System Market: Key Highlights
Global Exterior Wall System Market: Key Market Dynamics
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Global Exterior Wall System Market: Regional Overview
The Exterior Wall System market in the Asia Pacific region is projected to witness high demand owing to increase construction activities of in countries like Japan, China, India, and others. This is attributed to increasing government budgets, rising standards in building codes, improving economic conditions, and higher demand for infrastructure development. For instance, according to Invest India in 2020, the construction industry in India is expected to grow at 5.6% in the year owing to projects such as smart city project, industrial corridors, and increasing demand for commercial space.
North America, exterior wall system market has anticipated propel the growth owing to the ongoing construction and renovation activities. According to U.S. Census Bureau, in May 2020 USD 1,001,209 million was spent on private constructions. Moreover, the infrastructure investment and smart city projects are contributing towards the growth of the market.
Global Exterior Wall System Market: Key Players Overview
Evonik Industries AG is a Germany-based specialty chemicals company. The company operates through four business segments namely Nutrition and Care, Resource Efficiency, Performance Materials and Services. Evonik Industries AG has its presence in more than 100 countries and generated revenue of USD 15 billion in 2019.
Saint-Gobain is one of the largest companies which designs, manufactures, and distributes building and construction materials such as ceramics, glass, plastics, and fiber cement products. It is one of the leading curtain wall manufacturers. The strong global presence and the adoption of growth strategies such as acquisitions, partnerships, divestments, and expansions have ensured its leading position in the market.
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