The global aluminum curtain wall market size is expected to grow at a compound annual growth rate of 10%. The market is valued at USD 31.6 billion in the year 2021 and it is expected to reach USD 80 billion by the year 2028.
Aluminum Curtain Wall Market
The global aluminum curtain wall market size is expected to grow at a compound annual growth rate of 10%. The market is valued at USD 31.6 billion in the year 2021 and it is expected to reach USD 80 billion by the year 2028. The report analyzes the global aluminum curtain walls market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the aluminum curtain walls market.
As a metal aluminum has the property of being melted and it can also be easily formed. These properties are extremely favorable for the fabrication of curtain walls through the use of this metal. Aluminum is also resistant to corrosion due to which it is used in many industrial applications. Structural integrity is another factor that will increase the use of aluminum curtain walls in the coming years as they are extremely long lasting and the metal is light in weight. When it comes to the use of these aluminum walls, the structure of the building does not see an increase in weight.
This metal is preferred for the commercial sectors as it provides cost-effective solutions and it also helps in ensuring an aesthetic appeal. The rate at which the organization is taking place in most of the economies across the globe, the demand for aluminum curtain walls will grow extensively. As the demand for residential properties as well as commercial properties has increased, the demand for construction will also grow. The use of aluminum also helps in providing an infrastructure that is environment friendly due to which the demand for these walls will increase significantly in the coming years. The amount of labor cost associated with the installation of aluminum curtain walls is also less due to which they are preferred to a great extent across various sectors.
The kind of structure which is used for the formation of the aluminum curtain walls are vertical and horizontal structures that are attached or fabricated to the building. These designs are made in such a manner that they can firmly stand against the wind. There are various parts of the aluminum curtain wall like the anchor, glass, mullions, vision, and transom.
In emerging nations like India as well as China, the demand for residential structures as well as commercial structures has grown significantly in recent years. In developed nations like Europe and America, rapid industrialization will create greater demand for aluminum curtain walls as it provides a conducive environment. The insulation property of aluminum will also drive the market growth and it also helps in ensuring a secure and safe structure. Sound insulation is another feature provided by the aluminum curtain walls due to which the market it's expected to grow significantly during the forecast period.
Rapid urbanization and growing demand for residential and commercial buildings will favor the market-
As the organization is increasing across various economies of the world, the need for industrial, commercial, residential, and institutional buildings is expected to grow in the coming years. Due to this the need for the Aluminum curtain wall across the globe will also increase during the forecast period. As these cotton walls are durable and they can withstand earthquakes and wind, the need for these curtain walls will grow significantly in the coming years. They also help in reducing air leakage and also control vapor diffusion.
Penetration of the rain can also be prevented with the help of Aluminum curtain walls. Loss of heat or gain of heat can also be limited with the use of Aluminum curtain walls to a great extent and they are also beneficial for controlling noise pollution. All of these factors will lead to the growth of the global aluminum curtain walls market during the forecast period. Aluminum curtain walls are environment-friendly and they are sustainable as compared to the other alternatives available in the market due to which this solution will be preferred by the construction industry in the long run.
The installation and maintenance cost is high hampering market expansion
High cost is associated with the maintenance and installation of Aluminum curtain walls and this will hamper the growth of the market in the coming years. Storing the curtain walls and transporting them is a costly affair. Periodical maintenance is extremely important in order to maintain the aesthetics of the Aluminum curtain wall for a longer duration of time due to which a high amount of cost is incurred. In order to maintain the quality of the product there is a requirement for the replacement of the sealant. Most of these frames used in the curtain walls are anodized and the use of harmful detergents or cleaning agents may affect the surface due to which dedicated cleansers need to be used in order to maintain the look and the quality of the product.
Sustainability is one of the most important factors to spur market growth avenues
In the coming years, the demand for Aluminum curtain walls is expected to increase due to their enhanced performance in various construction sites. Constant innovation in the field will also lead to a growing demand for Aluminum curtain walls. There are many other factors like fire safety, reflectivity, and design flexibility due to which Aluminum curtain walls are preferred in most construction sites. The quality of the air inside the building remains unaffected due to the use of Aluminum curtain walls and this serves to be another reason for the growth of the global aluminum curtain walls market. Efficient recyclability of the product is a sustainable way that will pave the path for the growth of the market and provide maximum opportunities in the coming years.
Stringent government policies to pose challenge for market expansion-
Most governments across the globe are promoting and recognizing the use of branded products or green Aluminum curtain walls as these products offer good benefits for the environment as well as the health of the people and this happens to be a major challenge in the growth of the market.
The global Aluminum curtain wall market is segmented on the basis of product type, application, and region.
Depending upon the type of product, the market is divided into stick built, unitized, and others. The unitized curtain wall segment will generate maximum revenue in the coming years as the usage of this type of curtain wall is easy. The installation procedure is simple as the interlocking units are provided that are manufactured in the factory. High-quality products are offered in this system when they are compared to the stick-built quality. The installation of the curtain wall in the stick build system is component wise due to which it takes a high amount of time. Most consumers will prefer unitized curtain wall systems as compared to traditional systems for upcoming constructions.
Based on application, the market is segregated into commercial buildings and residential buildings. Aluminum curtain walls filed the maximum application in commercial buildings. Carbon emissions are given out on a large scale through commercial buildings due to which the need for Aluminum curtain walls will grow. In order to bring the emissions of greenhouse gases under control stringent government policies are put in place. The demand for Aluminum curtain walls will increase as most of these construction sites are adopting the system in order to control emissions. The demand for this product is high as it offers an attractive, clean, and urban look.
EFCO corporation was acquired by Apogee enterprises to expand or increase the footprint of the organization and to increase the number of products offered in the market.
6EFT certain wall was introduced by Comar Architectural Aluminum system and this product will provide a solution the higher performance which can be used for the refurbished building as well as new buildings.
|Report Attributes||Report Details|
|Report Name||Aluminum Curtain Wall Market Research Report|
|Market Size in 2021||USD 31.6 Billion|
|Market Forecast in 2028||USD 80 Billion|
|Compound Annual Growth Rate||CAGR of 10.00%|
|Number of Pages||204|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Key Companies Covered||Alumil Aluminum Industry S.A.; EFCO Corporation; GUTMANN AG; Hansen Group Ltd.; and Kawneer Company, Inc.|
|Segments Covered||By Product Type, By Application, And By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)|
|Countries Covered||North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
|Historical Year||2016 to 2020|
|Forecast Year||2022 - 2028|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
The global aluminum curtain walls market is dominated by the Asia Pacific region especially due to the countries like Japan, India, and China. As Aluminum is available on a large scale in the Asia Pacific region the market is expected to show favorable growth. As the construction of various buildings in the Asia Pacific region has grown significantly in recent years the market is expected to show significant growth. The government policies in the nations like India are extremely favorable and they will boost market growth to a great extent. The demand for Aluminum curtain walls is good in the European nations as many manufacturers are present in the European region.
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.
By product type
The global Aluminum curtain wall market is expected to grow due to a number of reasons like the growing demand for Aluminum in the construction industry. Green buildings are in greater demand across most of the nations where there is rapid industrialization as this happens to be a sustainable option. Initiatives taken by the governments of various nations across the world are extremely favorable due to which the need for Aluminum curtain walls in building infrastructures will grow significantly.
According to the report, the global Aluminum curtain wall market is expected to grow at a compound annual growth rate of 10%. The market was valued at USD 31.6 billion in the year 2021 and it is expected to reach USD 80 billion by the year 2028.
The global Aluminum curtain wall market growth is expected to be driven by Asia Pacific. It is currently the world’s highest revenue-generating market owing to the presence of key players in the nations.
The global aluminum curtain walls market is dominated by players like Alumil Aluminum Industry S.A.; EFCO Corporation; GUTMANN AG; HansenGroup Ltd.; and Kawneer Company, Inc.