According to Fortune Business Insights the global aluminum curtain wall market was valued at USD 33.76 billion in 2019 and is anticipated to reach USD 62.22 billion by 2027, reflecting a robust 8.0% compound annual growth rate (CAGR) over the forecast period 2025-2032. Curtain walling systems made up of aluminum are particularly designed for withstanding predefined wind loads. They possess the ability for the safe transfer of wind load via the fixing of a building, which is a major aspect favoring industry expansion.
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Aluminum Curtain Wall Market Segmentation:
Unitized Segment to Depict Lucrative Growth Owing to Faster Installation as Compared to Stick-built Systems
Based on the type of product, the market is segmented into stick-built, unitized, and others. The industry value from unitized aluminum curtain wall systems is expected to record an appreciable rise over the estimated period. This can be mainly attributed to the reduced requirement for the individual installation of components. The walls provide the advantages of higher quality and rapid installation over stick-built systems.
Commercial Buildings Segment to Gain Prominence due to Strict Government Regulations for Elimination of Greenhouse Gas Emissions
On the basis of application, the industry is fragmented into commercial buildings and residential buildings. The commercial buildings segment is poised to foresee substantial expansion through the analysis period. The establishments are a large source of carbon emissions. Therefore, several governments are formulating strict regulatory policies for putting a check on the overall greenhouse gas emissions.
Market Restraint:
High Installation Cost of Curtain Walls to Impede Market Revenue
The high cost involved in transporting and storing curtain walls leads to an overall elevated cost of aluminum curtain walls, which in turn, will hamper the growth of the market. Periodical maintenance is essential to preserve the aesthetical appeal intact, thus the perpetual maintenance leads to extraordinary costs. Similarly, the necessity for the sealant to be replaced over some time to keep the product quality. The aluminum frames are mostly anodized which further requires proper cleaning as the detergents used to clean the frames can affect the coating surface. The necessity of high skilled laborers to install curtain walls can be a critical factor in restricting the growth of the market. Besides, the unfavorable weather conditions lead to a major delay in installing curtain wall systems, which, in turn, will further obstruct the growth of the market.
Major Regional Analysis:
Booming Construction Industry to Augment Growth in Asia Pacific
The market in Asia Pacific generated a Revenue of 6.42 billion in 2019. The growth in the region is attributed to the flourishing construction industry in emerging nations such as China and India. The abundantly availably aluminum will enable speedy expansion of the market in the forthcoming years. According to the India Brand Equity Foundation (IBEF), India is projected to become the third-largest construction market by 2025. Additionally, favorable government regulations will further aid the expansion of the market in Asia Pacific. For instance, in June 2015, the Indian government announced the Smart Cities Mission to improve the core infrastructure of the selected cities across the country.
The Report lists the Prominent Companies in the Aluminum Curtain Wall Market:
- ETEM Group
- HansenGroup Limited
- Schüco International KG
- Qingdao Longxiang Building Materials Co., Ltd.
- ALUMIL S.A.
- Reynaers Aluminium
- ALUTECH
- EFCO Corporation
- Kawneer Company Inc.
- TECHNAL
- HUECK System GmbH & Co.KG
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