North America Cellular Glass Market 2021-2028

MARKET OUTLOOK

According to the publisher, the North America cellular glass market is anticipated to develop with a CAGR of 5.28% during the estimated years from 2021 to 2028. The United States and Canada together make up the market in this region.
Canada’s commercial building & construction industry builds and maintains offices, hotels, retail, and entertainment structures. The construction sector in the country is flourishing, which indicates its economic strength. In 2017, Montreal and Toronto were the main centers of construction activity. In addition, various government projects, such as Made in Canada, the New Building Canada Plan (NBCP), and the Affordable Housing Initiative (AHI), are expected to massively aid the development of this sector, and further drive the adoption of floor coatings in the industry.

Along with new initiatives, the government is also planning to allocate higher budgets for infrastructural development. As part of its Investing in Canada Plan, the government has announced that it will invest $139 billion in key infrastructure sectors over the years, till 2028. Further, the output of the industry is also expected to surge, with the increased business confidence over the forecasting phase. In the last two years, the Canadian market has observed a significant rise in M&A activities. For instance, Compass Data Centers completed the acquisition of Root Datacenters in July 2019. Similarly, in May 2020, Equinix completed the acquisition of Bell Canada Data Centers. This will significantly increase the construction activity, and, in turn, drive the demand for cellular glass. Refer report.

COMPETITIVE OUTLOOK

Some of the companies present in the cellular glass market are SZECO Insulation Technology Co Ltd, Aeroaggregates Of North America LLC, Amity Insulation Group Inc, Owens Corning, German Geo Construction GmbH, Langfang Chaochen Thermal Insulation Materials Co Ltd, and Zhejiang Zhenshen Insulation Technology Corp Ltd.