Home > HVAC & Construction > Curtain Wall Market
Curtain Wall Market size valued at over USD 39.3 billion in 2021 and is estimated to exhibit over 10% CAGR from 2022 to 2028. Protection from external factors, such as air, rain, or moisture, along with improved building aesthetics is among the major driving factors of the global market. The industry size is anticipated to cross 693.6 million square meters in terms of volume, with an anticipated CAGR of 9.8% through 2028.
To get more details on this report: Request Free Sample PDF
The growing commercial building construction sector is significantly fueling the consumption of curtain walls across the globe. The product adoption has been further fueled by modern architecture and smart city development projects. An uptick in green building investments in conjunction with growing government initiatives for smart cities is bolstering the curtain wall market.
For instance, according to the International Finance Corporation (IFC), green buildings represent an investment opportunity of around USD 24.7 trillion in emerging markets by 2030. Cities are expanding at a fast pace in emerging markets to keep up with urbanization and high population growth. On the other hand, the high costs associated with the installation & maintenance of curtain walls are likely to hamper product penetration.
Report Coverage | Details |
---|---|
Base Year: | 2021 |
Market Size in 2021: | 39,307 Million (USD) |
Forecast Period: | 2022 to 2028 |
Forecast Period 2022 to 2028 CAGR: | 10% |
2028 Value Projection: | 75,639.4 Million (USD) |
Historical Data for: | 2018 to 2021 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 235 |
Segments covered: | Fabrication, Construction Type, Application, and Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
To get details on how to order this report click here
The unitized segment generated over USD 22.8 billion in 2021 and is poised to grow at a CAGR of about 10.2% through 2028. In the case of unitized curtain walls, around 70% of the work is completed at the factory location, which leads to significantly less installation time and low manpower needs.
These factors along with others, such as high energy efficiency, improved quality, and ease of installation in high-rise buildings, are cumulatively contributing to the adoption of unitized curtain walls for both commercial & residential applications. Other key elements that are stimulating the unitized curtain wall industry include good resistance & integrity against temperature deformations, seismic deformation, and story displacement, among others.
To tailor this report to your specific requirements: Customize this Report
The curtain wall market size from new construction is anticipated to observe a healthy growth rate of nearly 10.1% through 2028 owing to the increasing spending on new construction projects. Demographic developments coupled with requirements for new housing projects in countries, including the U.S., China, Japan, Germany, Spain, France, Italy, India, and the UK will support product penetration in these economies.
To check discounted pricing for this report: Request Discount
In the commercial application area, curtain walls are projected to acquire substantial traction. The market is expected to grow at a CAGR of over 10.1% from 2022 to 2028. The expanding product use in various commercial constructions, such as offices, hotels, restaurants, and others, is fueling its usage. Furthermore, the shifting focus of major nations toward energy conservation and a low carbon footprint is assisting the market expansion.
For instance, buildings account for 36% of the CO2 emissions and 40% of the overall energy use in Europe. Emissions are usually linked to the regional heating needs in the winter. Curtain walls, on the other hand, optimize internal daylight and improve working or living comfort while lowering energy usage.
Asia Pacific is expected to dominate the curtain wall market with a revenue exceeding USD 30.3 billion by 2028. Construction activities are expected to increase in various nations including China and India further boosting the industry growth. The adoption of curtain walls for buildings will be aided by the rising energy demand and consumption in the region. Government attempts to reduce carbon emissions are accelerating product adoption in the market. For instance, China is investing a significant amount of money into green building projects, representing a total investment of USD 12.9 trillion by 2030.
Some of the major manufacturers in curtain walls market include Kawneer Company, Inc., Reynaers Group, Oldcastle BuildingEnvelope, Inc., LIXIL Group Corporation, China State Construction Development Holdings Limited, YKK AP America, Inc., Elicc Group, G.James Group, Shenyang Yuanda Aluminium Industry Engineering Co., Ltd., Kazmi Enterprises, EFCO Corporation, EFP International B.V., Perfect Glaze (India) Pvt. Ltd., PortaFab Corporation, and Technal, among others.
These companies are concentrating on several strategic innovations to strengthen their position in the market. Production capacity expansion, regional expansion, and acquisitions are among the major developments in the industry.
Click here to buy sections of this report
Market, By Fabrication
Market, By Construction Type
Market, By Application
The above information is provided on a regional and country basis for the following: