Curtain Walls Market size is forecast to cross USD 75.6 billion by 2028, according to a new research report by Global Market Insights Inc.
Investments in building & construction developments and technical advancements in building materials for home renovation are driving the demand for curtain walls. The overall infrastructure development is expected to witness an upsurge during the forecast timeframe. Shifting consumer preferences toward nuclear families coupled with increasing investments in commercial spaces will boost the overall market expansion. The increasing number of nuclear families has resulted in higher housing requirements, followed by the rising preference for sustainable buildings and government initiatives to enhance the housing and commercial buildings activities is further likely to drive the market statistics.
Growing residential & commercial building constructions in European and Latin American countries along with rising building renovation activities will boost the product demand. Several commercial buildings such as offices, malls, and sports arenas have high requirement of energy; therefore, manufacturers have been focusing on production of energy-efficient curtain walls to lower the energy consumption and operational costs by using sustainable building materials to build green buildings. Furthermore, the curtain walls market is estimated to witness significant growth on account of the benefits offered by the product such as energy efficiency, prevention of water penetration, air impermeability, lightweight, filtration of natural light, easy assembly, and cost-effectiveness.
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Browse key industry insights spread across 200 pages with 166 market data tables & 32 figures & charts from the report, “Curtain Wall Market Size By Fabrication (Stick System, Unitized System), By Construction Type (Refurbishment, New Construction), By Application (Commercial, Residential), COVID-19 Impact Analysis, Regional Outlook, Application Growth Potential, Price Trends, Competitive Landscape & Forecast, 2022 – 2028”, in detail along with the table of contents:
Stick-built demand offers larger tolerance to boost product consumption
The curtain walls market stick-built segment is estimated to grow at over 9.8% CAGR through 2028. The stick-built systems enable larger tolerances and easy detailing of connections in a building construction as the assembling of system takes place on-site. The unitized system type segment is anticipated to grow at a prominent rate owing to the various benefits offered as the fabrication process of these systems is reliable and the systems are built in an assembly line process under controlled conditions.
Curtain wall demand for refurbishment to see significant growth
The curtain walls market from refurbishment segment is set register growth rate of nearly 9.6% till 2028. The current trend to improvise commercial places, offices, and homes is expected to enhance the demand for various construction materials. The significant expansion of the commercial construction sector after the recovery of various economies from COVID-19 is likely to upsurge the demand for rollers. Refurbishment and maintenance of older homes in line with the introduction of multiple varieties of curtain walls are positively influencing the product demand.
Growing residential construction spending
The residential application segment is projected to observe 9.7% gains during 2022 to 2028. The construction industry derives most of its revenue from residential buildings, mostly new construction and renovations. The industry also generates its revenues from the long-term maintenance of buildings & infrastructures. The global residential construction worth over USD 6 trillion in 2021.
The residential application has a key contribution to the overall curtain walls market due to the rising application of these frames for smooth exterior glass facade on buildings, daylighting, attractive architectural design, thermal efficiency, exterior exposure of metal framing for water elimination & air infiltration, and environmental control. The growing concept of smart cities, particularly in Asia Pacific countries including India, China, Malaysia, and Indonesia, is projected to boost the regional construction business.
Rising demand for the buildings industry in North America
North America held a massive share of around 29% in the curtain walls market in 2021. The regional marketplace is predicted to achieve significant growth impelled by increasing construction activities and the adoption of technologically advanced construction materials. Increasing per capita disposable income and the rising demand for housing & commercial projects is supporting the regional share. Rising demand for luxurious apartments and increasing trends of teenagers staying separately from their parents are further strengthening the market expansion.
Some of the prominent manufacturers include Alumil Aluminium Industry S.A., Gutmann AG, EFCO Corporation, HansenGroup Ltd., and Kawneer Company, Inc., among others.