Home > HVAC & Construction > Aluminum Curtain Wall Market
Aluminum Curtain Wall Market size was valued at USD 45 billion in 2022 and is poised to grow at a CAGR of over 10% between 2023 and 2032. The rising emphasis on green buildings and energy efficiency will drive the market demand.
Owing to its lightweight and recyclable properties, aluminum has rapidly gained ground as a sustainable material in industries where carbon footprint reduction is of utmost importance, including construction. With the continued push toward a low-carbon future, the preference for green buildings has risen worldwide.
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The green building practices and in consequence, bolster the adoption of components such as aluminum curtain walls, given the eco-friendly nature of the material. Despite these product attributes, the installation of curtain walls is associated with high costs and skilled labor. In addition, these building components require regular maintenance to sustain their aesthetic appeal, which may further boost the aluminum curtain wall market share.
Report Attribute | Details |
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Base Year: | 2022 |
Aluminum Curtain Wall Market Size in 2022: | USD 45 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 10.1% |
2032 Value Projection: | USD 117 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 230 |
Tables, Charts & Figures: | 391 |
Segments covered: | System, Construction, Application, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The unitized system segment is projected to account for revenue of nearly USD 70 billion by 2032. Unitized aluminum curtain walls have been gaining widespread acceptance in both residential and commercial building applications as they ensure easy on-site installations. Since these components are pre-assembled in factories, their installation time and costs are low, even for buildings with greater heights. Furthermore, the high quality of unitized aluminum curtain walls will contribute to strong product demand from the building and construction sector.
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Aluminum curtain wall market from the new construction segment will depict more than 10% growth rate up to 2032, due to the growing popularity of independent residences with a high aesthetic appeal. With the rise in population in Asian countries such as Indonesia, Malaysia, and India, the housing sector has also been thriving, creating significant demand for building components such as curtain walls. Moreover, rapid growth in the IT sector has led to the construction of offices, further hastening the production of aluminum curtain walls for new commercial buildings and construction applications.
The commercial applications is set to be worth over USD 109 billion by 2032, as a result of the growing investment interest of financial firms in the construction of commercial spaces, such as hotels. With the increase in the number of travelers, building and construction has gained massive momentum in the hospitality sector.
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Regionally speaking, the Europe aluminum curtain wall market will cross a revenue of USD 23 billion by 2032. The rise in infrastructure development projects in Germany, Russia, Spain, and other European countries is one of the prominent factors fostering the growth of aluminum curtain wall suppliers. The rate of refurbishment of older buildings, manufacturing, and construction of commercial buildings has also accelerated, thereby propelling the demand for construction materials including aluminum.
As per statistics from ING Group, in 2022, construction is expected to grow by 2.5% in Europe, on account of fresh investments from the EU recovery fund. These factors, along with the introduction of favorable government policies to design energy-efficient green buildings, will promote aluminum curtain wall development across the region.
The strategic landscape of the aluminum curtain wall market is inclusive of YKK AP America, Petra Aluminum, C.R Laurence Co., Inc., Reynaers Aluminium, EFCO Corporation, Technal UK, Hansen Group, ALUMIL, Kawneer, Inc., Arcadia, Inc., Arcat, Extech Exterior Technologies, Inc., and Capitol Aluminum & Glass Corporation, among other companies. These companies are emphasizing various strategies including product line extensions to expand their customer base and footprint in the market.
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Market, By System Type
Market, By Construction Type
Market, By Application
Market, By Region