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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.
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.
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.