Home > HVAC & Construction > Aluminum Curtain Wall Market
Aluminum Curtain Wall Market size surpassed USD 42,341 million in 2021 and will grow at a CAGR of over 9.7% from 2022 to 2030. Growing usage of aluminum in construction and rising urbanization and infrastructural development have led to expansion of construction activities across the globe.
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Aluminum is used as a construction material owing to its properties of lightness and corrosion resistance. The addition of copper, manganese, zinc, and other alloys to aluminum enhances its mechanical & physical properties, thus meeting the requirement of the construction projects. Aluminum alloys employed in construction activities are resistant to water & corrosion and provide immunity against the harmful effects of UV rays. Besides the non-combustibility of aluminum makes it an ideal solution for residential & commercial buildings.
Report Coverage | Details |
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Base Year: | 2021 |
Market Size in 2021: | 42.34 Billion (USD) |
Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 9.7% |
2030 Value Projection: | 96.04 Billion (USD) |
Historical Data for: | 2018 to 2021 |
No. of Pages: | 230 |
Tables, Charts & Figures: | 391 |
Segments covered: | System Type, Construction Type, Application, Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The new construction sector segment will dominate the largest aluminum curtain wall market share of around 70% by 2030. The world is witnessing a rise in construction activities as technology, machinery, material, and methods have improved steadily over time. The rising need for new airports, modern cities, and industrial complexes has increased the demand for aluminum curtain walls.
The ongoing new construction projects, such as AI Maktoum International Airport in Dubai and Beijing Airport in China, along with other work-in-progress projects will support the fruitful industry growth soon. The adoption of aluminum curtain walls will provide structural stability to the new projects.
Refurbishment section is projected to account a revenue of nearly USD 25 billion by 2030. Governments in emerging countries are actively focusing & investing in the development of industrial and commercial infrastructures with the implementation of multiple programs and the assignment of projects, which in turn, are driving the aluminum curtain wall market demand. Increasing refurbishing operations in non-residential spaces will accelerate the growth. The renovation of many hotels & resorts and rising investments by construction companies for the reinforcement of structural strength in buildings will favor the aluminum curtain wall business demand.
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The commercial application is poised to reach around USD 90 billion by 2030. Ongoing infrastructural projects sanctioned by developing economies are expected to stim the market growth. The rising preference for eco-friendly materials and regulations favoring the incorporation of green building materials in commercial buildings & other projects will spur the aluminum curtain wall industry statistics.
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The APAC aluminum curtain wall market will generate a demand of about 400 million square meter in the industry by 2030. The increasing infrastructural investments from the central government together with the relaxation of real estate regulations by local governments are influencing market statistics. The burgeoning affluence and urbanization in Asia pacific have raised the domestic demand for buildings and construction projects, which in turn will foster the business scenario. Besides these, the execution of government schemes, such as smart city projects and the promotion of the tourism sector, have positively impacted the construction industry, which in turn, is directly fueling the regional share.
The market is largely fragmented into several prominent and small manufacturers including YKK AP America, C.R Laurence Co., Inc., Petra Aluminum, Reynaers Aluminium, Technal UK, EFCO Corporation, Hansen Group, Kawneer, Inc., ALUMIL, Arcadia, Inc., Extech Exterior Technologies, Inc., Arcat, and Capitol Aluminum & Glass Corporation.
Market, By System Type
Market, By Construction Type
Market, By Application
The above information is provided on a regional and country basis for the following: