The U.S. terracotta cladding market is expected to reach USD 711.1 million by 2022, according to a new report by Grand View Research, Inc. Increasing refurbishment and renovation projects in both the residential & commercial sectors are a vital determinant for industry growth.
Economic recovery & technological advancements have ushered in innovative panels that insulate buildings, while retaining heat & ambient conditions as required. This lowers the amount of energy spent on heating, cooling or air conditioning (HVAC), and fosters building compliance with energy standards, which is crucial to terracotta market growth.
Residential applications dominated the U.S. market with over one-fourth of the volume share in 2014. The segment is anticipated to grow at 6.5% CAGR over the forecast period, owing to increasing residential construction activities in the region and favorable government regulations by the World Green Building Council (World GBC) and International Energy Agency (IEA).
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/us-terracotta-cladding-market
Further key findings from the report suggest:
·
The U.S. terracotta cladding market demand was
115,033.5 thousand sq. feet in 2014 and is expected to reach 183,104.1 thousand
sq. feet by 2022, growing at a CAGR of 6.0 from 2015 to 2022
·
The increasing employment rate in the U.S.,
coupled with the expansion of existing company buildings to improve their
regional presence is expected to drive terracotta cladding demand for office
construction. Terracotta cladding in office applications is anticipated to grow
at a CAGR of over 6.0% in terms of revenue from 2015 to 2022.
·
West South Central is anticipated to emerge as
the fastest growing region with a CAGR of 7.3% over the forecast period.
Increasing non-residential construction such as offices, hospitals, industrial
and commercial construction in the region owing to escalated investments
is anticipated to drive the industry.
·
West North Central region accounted for over 7%
of the terracotta demand in 2015. High demand for ‘vertical homes’ and
increasing construction spending in states such as Iowa, Kansan and Minnesota
is anticipated to be the key driving factor for regional growth.
·
Key market players include Terreal North
America, M.F. Murray Company, Carea Ltd., Elite Cladding Systems Ltd., Pace
Representatives, Inc., R.A.M. Inc., Shildan, Celotex Ltd., CGL Facades Co.,
Hunter Doulas, Cladding Corp., Palagio Engineering, Avenere Cladding LLC, James
& Taylor Co., Boston Valley Terracotta.
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/hvac-and-construction-technologies
Grand View Research has segmented the U.S. terracotta cladding market on the basis of application and region:
U.S. Terracotta Cladding Application Outlook (Volume, Thousand Sq. Feet; Revenue, USD Million; 2012 - 2022)
·
Residential
·
Commercial
·
Offices
·
Institutional
·
Industrial
U.S. Terracotta Cladding Regional Outlook (Volume, Thousand Sq.
Feet; Revenue, USD Million; 2012 - 2022)
·
New England
·
Mid-Atlantic
·
East North Central
·
West North Central
·
South Atlantic
·
East South Central
·
West South Central
·
West
For press release of this report - http://www.grandviewresearch.com/press-release/us-terracotta-cladding-market-analysis
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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