Aluminum Spacers Market Size, Industry Analysis Report, Regional Outlook, Application Development, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3710
Aluminum Spacers Market will witness robust growth owing to shifting trends toward energy efficient construction coupled with expanding industrialization in developing economies. Light weight, non-magnetic, high strength and efficient performance in high temperatures are some key factors that favor the usage of aluminum spacers across various industries.
Expanding residential sector along with growing inclination toward deployment of energy efficient equipment across various industries will drive the aluminum spacers market. These units are primarily used in commercial buildings, industries and residential space to separate the panes of glass or multi glazed window to provide structural support and act as moisture barrier. Positive outlook toward energy efficient buildings and efforts toward minimizing carbon footprint across residential sector will further stimulate the industry growth.
Growing efforts toward sustainable development coupled with investments toward construction of new commercial infrastructure will boost the aluminum spacers market. For instance, in 2015, Sustainable Development Investment Partnership (SDIP) program was launched by OECD and World Economic Forum to address the financial challenges across the developing nations and bridge the gap between public and private partnership to achieve sustainable development goals.
Stringent building energy efficiency norms coupled with investments toward retrofitting of commercial establishments will drive the aluminum spacers market growth. Ductility of aluminum and anti-corrosive are some of the prominent factors driving the demand of these products across process and automobile industry.
Aluminum spacers market from commercial application will witness growth owing to increasing investments across real estate along with growing concerns associated with efficient thermal performance of buildings. Countries across the globe are investing toward enhancing efficiency of buildings to reduce energy consumption and minimize carbon footprint. For instance, as per the World Green Building Council, the total spending on energy efficiency buildings increased by 4.1% in 2017 to USD 423 billion.
Shifting focus toward energy efficient infrastructure along with the introduction of various energy conservation program will positively influence the Germany aluminum spacers market growth. For instance, German investment bank KfW has increased its share of investments in energy efficiency program from 49% in 2016 to 59% in 2018.
China aluminum spacers market will witness growth on account burgeoning construction industry and rapid urbanization. For instance, as per the International Trade Administration, the total value of construction industry is projected to reach USD 1,042.2 billion by 2021 which includes energy efficient retrofits, green building design and integrated energy efficient solutions. Additionally, growing state owned public private partnerships will further enhance the business landscape.
Key participants across global aluminum spacers market include Bokers, ASM, Phoenix Specialty, Wyandotte Industries, am Industries, Keystone Electronics amongst others. New product development and geographical expansion are some of the key strategies followed by industry leaders to achieve competitive advantage.
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