HOME Research Insight New Product & Technology Launches, and Agreements & Contracts to Strengthen their Position in the Exterior Wall Systems Market

New Product & Technology Launches, and Agreements & Contracts to Strengthen their Position in the Exterior Wall Systems Market

MarketsandMarkets projects that the exterior wall systems market size will grow from USD 186.02 Billion in 2017 to USD 278.82 Billion by 2022, at a CAGR of 8.43% from 2017 to 2022. The exterior wall systems market is witnessing considerable growth due to advancements in material technology and the high efficiency of walls in building facade systems. The growing demand from commercial, residential, and industrial buildings, along with global environment concerns and their legal implications are the key factors fueling the growth of the exterior wall systems market.

The key players in the exterior wall systems market include Nippon Sheet Glass (Japan), Saint-Gobain (France), Asahi Glass (AGC) (Japan), Alcoa Corporation (US), PPG Industries (US), 3A Composites (Switzerland), Sika (Switzerland), Owens Corning (US), and Etex (Belgium). These players adopted various strategies use various strategies such as mergers & acquisitions, expansions and investment, new product & technology launches, and agreements & contracts to strengthen their position in the market.

The exterior wall systems market witnessed several expansions and acquisitions by key players in the past in order to expand their geographical footprint and improve their distribution network through the means of organic and inorganic growth strategies.

In 2017, Saint-Gobain announced its plans to set up its second plasterboard plant in Vietnam. The Haiphong plant will add to its existing capacity in Ho Chi Minh in Southern Vietnam. This will ensure a better commercial presence and service for customers. The new development is expected to commence by the end of 2018.

In 2016, Saint-Gobain announced its plans to increase its flat glass production capacity in Chennai, India. The company will invest USD 149.39 million (EUR 135 million) over the next two years to develop its production capacity. The company, through this production facility, is expected to produce premium high-performance, energy-efficient glass using leading-edge technologies.

In 2017, Asahi India, a subsidiary of Asahi Glass Co., Ltd, entered the glass replacement and retrofitting market by introducing AIS Renew in India. AIS renew, with its excellent energy saving properties, reduces the heat gain in buildings without compromising on the natural light entering the building or reducing the aesthetics that add value to the facade.

In 2016, Asahi India expanded its existing portfolio in the architectural segment with the introduction of a new series under its Ecosense range of high-performance glasses. The new series-Edge is a solar control glass with thermal insulation properties which are ideal for use in structural glazing, facades, windows, and skylights.

Related Reports:

Exterior Wall Systems Market by Type (Ventilated, Non-Ventilated, and Curtain Wall), Material (Glass Panel, Metal Panel, Plaster Boards), End-Use (Commercial, Residential, and Industrial), and Region - Global Forecast to 2022

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