01-Nov-2022 | Zion Market Research
According to the report, the global Aluminum Curtain Wall market size was valued at approximately USD 31.6 billion in 2021 and is predicted to reach around USD 80 billion by the end of 2028, expanding at a CAGR of around 10% from 2022 to 2028.
The global aluminum curtain wall market will show an increase in demand as the need for secure walls in business structures will grow significantly. Industrial workplaces and industrial facilities have a greater demand for stronger structures. In order to provide resistance to infiltration of water and to resist the air, aluminum curtain walls are preferred by commercial buildings as well as residential buildings.
The demand for curtain walls that are light in weight will lead to the growth of the aluminum curtain wall market in the coming years. Aluminum is a metal that is low in cost and it provides higher sustainability due to which the demand for this metal will continue to grow in the coming years.
Curtain walls provide energy efficiency due to which they are preferred in commercial buildings. Curtain walls that provide energy efficiency have a greater need due to the existing government policies for green buildings. Aluminum curtain walls will show instrumental growth during the forecast period as the government of various nations across the world are constantly engaged in making efforts to increase the construction of green buildings.
The global aluminum curtain wall market is expected to be driven by the increasing number of investments made for expanding the extrusion capacity of Aluminum. Technological advancements will also play a significant role. In recent years, about 15 million U.S. dollars were invested by a company in Germany for establishing an extrusion press for 3300 tons. Such projects will help in providing products to the industrial sectors and the construction sites. The aluminum extracted through these procedures provides good quality material and such activities will have a positive effect on the market during the forecast period.
Market expansion across the globe may be restricted due to the high cost associated with the installation of Aluminum curtain walls and also the maintenance of the Aluminum curtain walls. The cost of installing aluminum curtain walls is extremely high as the labor required for this work needs to be skilled.
Unfavorable conditions of the weather are other factors that may hamper the growth of the market as it leads to increasing the cost of storage of the material and increasing the cost incurred on the manpower required for the work. The aluminum frames or the components which are used in the installation of the curtain walls are anodized and the cleaning of these curtain walls with dedicated detergents is also a requirement as the use of other detergents or cleaning agents may change the appearance of the coating surface and it may ruin the look.
Although a large number of opportunities will be provided for the growth of this market especially in the nations like India as well as China in the forecast period. Investments made for good quality extraction of Aluminum will also be favorable for the market.
The outbreak of the COVID-19 pandemic had a major impact on the global size as many organizations were put into conditions to stop their business processes entirely, especially in the initial phase of the lockdown. Similar was the case with the production or the manufacturing of the aluminum curtain walls as well as the installation of the aluminum curtain walls. As most of the construction sites had come to a standstill, the demand for aluminum curtain walls had declined significantly after the outbreak of the pandemic. The manufacturing procedures were also hampered due to the unavailability of raw materials and the unavailability of labor.
The global aluminum curtain walls market is segmented based on product type, application, and region.
On the basis of the type of product, the market is divided into stick built, unitized, and others. The easy installation procedure of unitized curtain wall segment will lead to a generation of maximum revenue through this segment. Manufacturing of the interlocking units by the factories and the glazing of these units provide a good look to the product as compared to the stick-built product. The fast installation also provides an upper hand for this segment and the quality of the product is also high. The growing preference for unitized curtain wall systems will lead to the maximum growth of this segment during the forecast period.
Based on application, the market is segregated into commercial buildings and residential buildings. Rapid industrialization will lead to a growing need for commercial buildings and also an increased demand for aluminum curtain walls in commercial buildings across the developing and developed nations of the world. As a lot of carbon emissions come through commercial buildings, the demand for green buildings has also increased. Stringent regulations of government bodies will also favor the construction of green buildings. Such policies will limit the use of air conditioners in commercial buildings and also reduce the emission of greenhouse gases.
The global aluminum curtain walls market is anticipated to be dominated by Asia Pacific region led by India and China, as it has been in previous years. One of the major reasons for regional growth is the higher investments in this field. India is a highly competitive market and government policies will favor market growth.
The construction industry has shown rapid growth, especially in the Asia Pacific region and these developing economies will provide good opportunities for the growth of the market. India and China are emerging economies that have seen maximum growth in the construction sector. The growth registered in these regions is high when it is compared to the growth in the nations like Europe and America. The environment in the Asia Pacific region is conducive to rapid industrialization due to which the market for Aluminum curtain walls will also grow.
The global aluminum curtain walls market is dominated by players like Alumil Aluminum Industry S.A.; EFCO Corporation; GUTMANN AG; Hansen Group Ltd.; and Kawneer Company, Inc.
Recent Developments:
KUKA AG and Schuco had entered into a partnership in order to provide a combined production for the door and window facades. The expertise of both companies will be combined due to the partnership and this will also provide an access to the organizations towards integrators.
ALUTECH increased the product line offered in the market by launching ALT F50FR which is fire resistant and this product will be used on a large scale for the internal partitions as well as for the external facades.
This review is based on a report by Zion Market Research, titled “Aluminum Curtain Wall Market By Product (Stick Built, Unitized, And Others), By Application(Commercial Buildings And Residential Buildings), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028.”- Report at https://www.zionmarketresearch.com/report/aluminum-curtain-wall-market
The global aluminum curtain wall market is segmented as follows:
By product type
By application
By Region
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