In 2019, the global aluminum curtain wall market was worth USD 31.9 billion. It is projected to grow at 9.6% between 2020 and 2027. Due to the growing demand for aluminum curtain walls outside of commercial buildings, such as industrial facilities, and workplaces, there will be an incremental increase in market. Aluminium curtain walls can be used in many types of commercial and residential buildings. They resist water infiltration, resist wind loads, and support their own dead load weight forces. Due to growing demand for lightweight curtain wall constructions and shift to low-cost metals that are more sustainable, the market for aluminum curtain walls will experience significant growth.
The market for aluminum curtain walls will grow over the forecast period due to increasing demand for energy-efficient curtains. High energy demands are common in commercial buildings and sports arenas, which account for over half of total energy consumption. To reduce operational and energy costs, manufacturers have focused on energy-efficient curtain walls and green buildings to cut down on energy consumption. The benefits of aluminum curtain walls include water resistance, cost-effectiveness and ease of assembly.
Aluminum curtain walls will be more in demand due to factors such as the combined efforts of governments around the world to build green buildings. Green buildings are being driven by government incentives and increased awareness and promotion of green brands. Because of their high energy efficiency and low Greenhouse Gas emissions, curtain wall systems are rapidly gaining popularity in these construction activities. Aluminum curtain walls' many advantages will drive market growth in the future.
In Asia Pacific, India, China and Japan are expected to see rapid urbanization and a growing disposable income. This will drive construction of offices, industrial buildings, and residential buildings. The market will see growth opportunities due to rising economies and eco-friendly business structures. This is driving the market for aluminum curtain walls to grow.
There are three main types of aluminum curtain wall: stick-built, semiunitized and unitized. The market share for aluminum curtain walls systems with unitized components was more than 60% in 2019. This segment is expected to grow at the fastest rate over the forecast period. These systems offer many benefits including low labor costs, lower installation costs, reduced site operations and increased energy efficiency. Unitized systems can be manufactured in a controlled assembly line process. This ensures reliability.
Stick-built segments accounted for a large market share in 2019. They are expected to see a CAGR of over 9.0% during the forecast period. Because these systems are assembled on-site, they allow for easy connections and greater tolerances. Semi-unitized segments are expected to see moderate growth in 2027. These systems are labor-intensive and take a long time to erection, which can explain the growth.
With a market value exceeding USD 20.0 billion in 2019, the commercial segment dominated aluminum curtain wall. It is expected that this market will grow at a CAGR over 9.5% between 2020 and 2027. Due to growing demand for entertainment and recreational and shopping centers, it will likely remain an important segment in emerging countries. Aluminum curtain walls are also becoming more popular in developed countries that have green building regulations. The segment is expected to experience significant growth because of rising demand for retail space and rising disposable income, which has directly translated into higher spending on consumer goods.
The residential segment will also see a 8.5% CAGR between 2020 and 2027. All players in the aluminum curtain wall market value chain expect the residential segment to provide solid growth opportunities. This growth can be attributed primarily to the rapid recovery of the U.S. residential market and an increase number of residential construction activities in both developed and developing economies. More residential construction activities will be needed in developing countries.
The aluminum curtain wall market has been divided by region into North America (MEA), Europe (Asia Pacific), Latin America (MEA) and Europe. In 2019, the Asia Pacific region held a large market share and is expected to grow at a rate of 11.0% during the forecast period. This region is home to developing countries like Japan, China, India, and China, which have a faster rate of development than other developing countries. Asia Pacific will account for almost half of global construction industry revenue by 2020. The stability of Asian markets is supported by a healthy expansion of construction activity, as well as government intervention that enhances the majority of infrastructure development projects.
From 2020 to 2027, moderate growth is expected in developed regions like North America and Europe. These regions represented over 40% of the global market in 2019. The region's growth can be attributed mainly to rising disposable income, increasing construction spending and steady demand of sustainable curtain walls to reduce pollution and enhance moisture resistance in high-precipitation areas. This contributes significantly to the North American market growth.
There are large-scale and small-scale aluminum curtain wall producers. Alumil Aluminium Industry S.A., EFCO Corporation, GUTMANN AG, HansenGroup Ltd., and Kawneer Company, Inc. are the major players. These companies make huge investments in research and develop eco-friendly systems.
They are also focusing on strengthening their local presence through collaboration with other companies to increase their market presence and achieve a competitive advantage. Apogee Enterprises, Inc. acquired EFCO Corporation in 2017 to improve its growth strategies, expand its product offerings, strengthen its geographical presence, and capitalize on market, product, operational and other opportunities.
This report predicts revenue growth at the global, regional and country level and offers an analysis of industry trends for each sub-segment from 2016 to 2027. Grand View Research divided the global aluminum curtain wall market report by type, application, region, and purpose.
Type Outlook (Revenue, USD Billion, 2016 - 2027)
Stick-built
Semi-unitized
Unitized
Application Outlook (Revenue, USD Billion, 2016 - 2027)
Commercial
Residential
Regional Outlook (Revenue USD Billion, 2016-2027)
North America
U.S.
Canada
Europe
Eastern Europe
Russia
Turkey
Poland
Western Europe
U.K.
Germany
France
Spain
Asia Pacific
China
India
Japan
Taiwan
Thailand
Malaysia
Singapore
Indonesia
Australia
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
b. The market for aluminum curtain walls worldwide was valued at USD 31.9 billion in 2019, and is forecast to grow to USD 34.6 billion by 2020.
What is the market growth for aluminum curtain walls?b. Global aluminum curtain wall market will grow at a compound annual rate of 9.6% between 2020 and 2027, to reach USD 65.7 million by 2027.
Which segment had the largest market share for aluminum curtain walls?b. Asia Pacific was the market leader in aluminum curtain walls with a 44.8% share in 2019. This can be attributed to the healthy spread of construction activities and government initiatives for infrastructure development.
What are the major players in the aluminum curtain wall marketb. Alumil Aluminium Industry S.A., EFCO Corporation, GUTMANN AG, HansenGroup Ltd., and Kawneer Company, Inc. are some of the key players in the aluminum curtain wall industry.
What are the key factors that drive the market for aluminum curtain walls?b. The market is driven by the growing need for outside walls to protect business structures and growing demand for lightweight curtains walls in construction projects.
Up Market Research published a new report titled “Aluminum Curtain Wall Market research report which is segmented by Type (Unitized, Semi-Unitized, Stick-built), By Players/Companies Inc, Alumil Aluminium Industry SA; EFCO Corporation; GUTMANN AG; HansenGroup Ltd; and Kawneer Company”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Aluminum Curtain Wall Market Research Report |
By Type | Unitized, Semi-Unitized, Stick-built |
By Companies | Inc, Alumil Aluminium Industry SA; EFCO Corporation; GUTMANN AG; HansenGroup Ltd; and Kawneer Company |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 208 |
Number of Tables & Figures | 146 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type (Unitized, Semi-Unitized, Stick-built).
Aluminum Curtain Wall Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Aluminum Curtain Wall Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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