Aluminum Curtain Wall Market Size By System Type (Stick-Built System, Unitized, Semi-Unitized), By Construction Type (Refurbishment, New Construction), By Application (Residential, Commercial), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
Published Date: Sep 2020 | Report ID: GMI4258 | Authors: Kiran Pulidindi, Hemant Pandey
Industry Trends
Aluminum Curtain Wall Market size was USD 38.51 billion in 2019 and will exhibit a growth rate of over 8.7% from 2020 to 2026. The rising awareness regarding green building and increasing energy cost are anticipated to offer new opportunities for the market growth.
Higher penetration of aluminum curtain wall in the commercial sector especially in the Asia Pacific and North America regions will drive the overall market demand. The growing commercial construction activities mainly in China, India, Australia, and Indonesia have further propelled the demand for aluminum curtain wall. Unitized curtain walls are highly used curtain walls owing to their quality as these units are manufactured in a climate-controlled environment. These curtain walls are widely used in sectors such as office spaces, hospitals, gymnasiums, restaurant, and hotels.
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Curtain wall offers numerous advantages such as improving the thermal efficiency of a building, preventing the spread of fire, and providing unique appearance to the building. However, the high cost of the product may hamper the market demand. Additionally, the declined growth of the construction industry across the globe due to COVID-19 pandemic is expected to be a major factor restraining the global market growth. Nevertheless, the upcoming commercial projects and rising awareness regarding green building will offer new growth opportunities to the market.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2019 | Market Size in 2019: | USD 38.51 Billion |
| Historical Data for: | 2016 to 2019 | Forecast Period: | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR: | 8.7% | 2026 Value Projection: | USD 57.16 Billion |
| Pages: | 165 | Tables, Charts & Figures: | 191 |
| Geographies covered (23): | U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Australia, Japan, Indonesia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE | ||
| Segments covered: | System Type, Construction Type, Application, Region | ||
| Companies covered (19): | C.R. Laurence Co., Petra Aluminum, YKK AP America, Reynaers, Sapa Building Systems Ltd., EFCO corporation, Hansen, Kawneer, ALUMIL, Arcadica, Extech Exterior Technologies, Arcat, Capitol Aluminum & Glass Corporation | ||
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| Pitfalls & Challenges: |
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Rising demand for unitized system will complement the market growth
The unitized segment held the largest market share of around 60% in 2019 and is poised to grow at 8.6% CAGR through 2026. Unitized aluminum curtain walls are widely used in commercial as well as residential buildings owing to their increased energy efficiency, low installation costs, reduced site operations, and high quality. Unitized units offer good absorbing capacity for seismic deformation, temperature deformation, story displacement, etc.
The increasing application of curtain wall in commercial sectors to drive the overall market revenue
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The commercial application segment of the aluminum curtain wall market is projected to observe rapid growth rate during 2020-2026 led by growing adoption of this product in various buildings such as hotels, restaurants, and offices. Moreover, the emerging laws and regulations regarding energy consumption in Asian countries are also predicted to enhance the adoption of the product. Further development of green building and government regulation for reduction of greenhouse gas emissions will boost the demand for aluminum curtain walls.
The residential segment is expected to account for 7% market revenue share by 2026driven by the rising energy cost and growing awareness regarding energy-efficient housing. In addition, rising new construction in several developing nations will propel the usage of these curtain walls.
Asia Pacific to witness significant growth throughout the forecast period
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Asia Pacific dominated the global aluminum curtain wall market in 2019 and will exceed revenue of over USD 24 billion by 2026. The regional growth is attributed to rising construction industry in countries such as India and China. The adoption rate of the product is increasing at a rapid pace due to the rising awareness regarding energy-efficient products and growing disposable income. Additionally, stringent government regulations and policies to promote the green building is also major factor driving the regional market demand.
Product expansion is one of the major strategic outlooks
The industry players are majorly focusing on offering cost-efficient products to enhance their business capabilities. The market leaders are expanding their presence in the emerging countries to cater the increasing need for products in various developing countries.
Some of the key aluminum curtain wall market players include Petra Aluminum, C.R. Laurence, YKK AP America, Reynaers, Sapa Building Systems, EFCO, Hansen, ALUMIL, Arcadica, Extech Exterior Technologies, Kawneer, Arcat, and Capitol Aluminum & Glass Corporation among others.
This market research report on aluminum curtain wall includes in-depth coverage of the industry with estimates & forecast in terms of volume in million square meters & revenue in USD million from 2016 to 2026, for the following segments:
Market, By System Type
- Stick-built system
- Unitized
- Semi-unitized
Market, By Construction Type
- Refurbishment
- New construction
Market, By Application
- Residential
- Commercial
Market, by Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Australia
- Japan
- Indonesia
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
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