Aluminum Spacers Market size will show notable proceeds during the period 2021 to 2027 on account of escalating concerns over limiting the carbon footprint and the paradigm shift towards energy-efficient buildings. The booming industrialization rate in developing economies has given rise to the growing developments of various materials in the glass industry to meet the rising energy efficiency needs. The substantial boom in the residential sector and the swelling adoption in cut & plug applications will add a positive impetus to the product demand spurt.
Aluminum spacers are most widely used to cater to the requirements of several industrial verticals, as they can be produced in different dimensions for insulating glass. In addition, they play a crucial role in window performance and can significantly boost their energy efficiency. The rising advances in spacer technology to offer optimum effectiveness and sustainability along with the growing number of investments for the construction of new commercial infrastructure are some factors influencing the industry progression.
The aluminum spacers market share from commercial applications will showcase exponential growth over 2021-2027 due to the mounting number of energy-related R&D investments and the higher need for energy efficiency in buildings. According to the IEA, the total investment in energy efficiency across the transport, buildings, and industry sectors had reached more than USD 250 billion in 2019. Aluminum spacers are increasingly used in the construction of buildings as they make it easier for indoor heat to escape whilst showing efficient thermal conductor properties. The booming real estate sector coupled with the surging requirement for greener construction materials will act as significant drivers for the product demand.
Germany can be accounted to be a considerable shareholder in the aluminum spacers market owing to the rise in the number of energy conservation investments and programs. The growing emphasis on retrofitting homes and public buildings, and the rising government intervention has led to the provision of higher financial incentives. The rising strides in the development of green technologies and the surging concerns over greenhouse gases will fuel the regional market growth.
China aluminum spacers market is expected to attain remarkable traction led by rapid urbanization in the region. On account of the presence of some of the large buildings in the world, the country accounts for close to 20% of all construction investments globally. It has also been estimated that China would be spending over $13 trillion on buildings by 2030. These growing enhancements and investments in the construction sector well as the rising trend of zero-carbon buildings are other ideal prospects for market expansion in the country.
Few of the leading global aluminum spacers market participants including Keystone Electronics, Wyandotte Industries, Bokers, Phoenix Specialty, am Industries, and ASM International.
These business players are constantly turning to partnership-oriented inorganic strategies, such as mergers, investments, acquisitions, technical innovations, partnerships, and novel product developments to amplify their revenue, portfolio, and sales.
For instance, in May 2018, Silverchair Information Systems, a leading software firm, joined forces with ASM International to come up with a unified hosting solution for the latter’s authoritative materials information resources.
The COVID-19 pandemic led to significant turmoil in the global economy with the emergence of varying degrees of nationwide lockdowns. The aluminum spacers industry also faced the heat of the outbreak given the stalled operations mainly across the construction sector on account of lack of labor and raw materials. The delays in infrastructure investments and projects also added to the stunted market growth. However, with the gradual relaxation of the trade and business restrictions, the demand for spacers will pick a significant pace in the coming years.