Aluminum Curtain Walls Market size worth around $57.16 Bn by 2026
Published Date: September 2, 2020 Authors: Kiran Pulidindi, Hemant Pandey
Aluminum Curtain Walls Market size is forecast to exceed USD 57.16 billion by 2026; according to a new research report by Global Market Insights.
The application of aluminum curtain wall is increasing rapidly across commercial sectors owing to the growing urbanization and rising disposable income especially in emerging economies. Moreover, the rising adoption of the product in residential buildings due to the increasing popularity and need for green building and energy-efficient systems is also projected to boost the market size from 2020 - 2026.
The rising commercial construction activities majorly in emerging economies, such as India, China, Indonesia, and Brazil, are anticipated to spur the aluminum curtain walls market growth. Moreover, increasing energy cost and consumption in many countries across the globe have propelled the adoption of these systems.
Rising government initiatives to construct green buildings around the world are anticipated to boost the demand for aluminum curtain walls. Surging government policies and laws to promote green brands, owing to their environmental and health benefits, are driving the green buildings industry, propelling the attraction toward curtain wall systems as they offer several advantages such as low Greenhouse Gas (GHG) emissions and high-energy efficiency. The aforementioned trends in aluminum curtain walls are projected to positively impact market growth.
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The growing popularity of unitized curtain wall systems owing to benefits such as increased energy efficiency, low installation cost, and easy & quick installation is expected to spur the overall industry growth. Increasing construction activities in developing countries along with the growing trend of energy-efficient buildings is another reason propelling product demand, globally. Furthermore, the growing demand for the reduction of greenhouse gas emissions is also expected to increase the adoption of aluminum curtain walls in buildings.
Browse key industry insights spread across 165 pages with 180 market data tables & 11 figures & charts from the report, “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” in detail along with the table of contents:
Unitized segment will hold a market share of around 62% in 2026
The unitized aluminum curtain walls market will showcase significant growth over 2020-2026 owing to its several advantages such as quick installation, less labor cost, and high quality. Unitized curtain walls are assembled in factory itself, due to which the installation of these curtain walls require low manpower and less time for installation. Additionally, unitized curtain wall systems offer excellent thermal efficiency and fulfill sound transmission and fire safety criteria.
Moreover, the inlaying method is used to connect the unitized systems, as this method offers good absorbing capacity for seismic deformation, temperature deformation, and story displacement. This method also helps provide accurate positioning and installation of unitized aluminum curtain wall.
The stick-built system segment held a market share of over 26% in 2019 and is anticipated to grow at 8% CAGR through 2026. Stick-built system is a versatile and allow the integration of other systems such as windows and sliding doors. However, the installation of stick-built systems requires high cost and time as it involves several steps to erect and seal the wall.
Asia Pacific to exhibit steady growth during the forecast period
Asia Pacific to hold the largest aluminum curtain walls market share of around 42% in terms of revenue in 2026. The Asia Pacific market is majorly driven by growing investment in the construction industry and rising demand for transformation of old buildings. Additionally, the increasing awareness regarding environment and surging trend toward energy-efficient buildings are also major factors driving the regional market.
In North America, stringent regulations regarding greenhouse gas emissions from buildings are anticipated to drive the demand for aluminum curtain wall. In 2019, North America accounted for over 22% of share of the overall market.
Some of the top players of aluminum curtain walls market include C.R. Laurence Co., Hansen, Reynaers, YKK AP America, Sapa Building Systems Ltd., Petra Aluminum, Kawneer, ALUMIL, Extech Exterior Technologies, Arcat, Arcadica, EFCO corporation, and Capitol Aluminum & Glass Corporation, among others.