Aluminum Curtain Wall Market, By Type, Application, Over Forecast...

Aluminum Curtain Wall Market, By Type, Application, Over Forecast Period Key Players By 2022-2030

Posted 2023-04-12 06:11:23

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Market Analysis

The Aluminum Curtain Wall Market occupies a market value of about 9% CAGR where it projects at USD of about 20 billion during the market forecast period (2022-2030).

An aluminum curtain wall is a modular frame assembly arranged side-by-side and top-to-bottom interlocked relation. It has better four corners joint construction, which provides more than sufficient weather tightness. Alignment is given for structurally connecting lower headrails in axially aligned relation. Aluminum curtain wall contains filler strip and lap strip that cooperate with the alignment to seal a gap and space presented between adjacent interlocked head and sill rails, thereby providing weathertight four corner joint. Curtain walls are made up of panels made of various materials like glass and metal. Metal curtain walls with aluminum panels are called aluminum curtain walls.

The aluminum curtain wall market is a segment of the construction industry that deals with the design, manufacturing, and installation of aluminum-framed curtain walls. A curtain wall is an exterior building enclosure system that consists of panels and framing that are designed to support the weight of the cladding material and transfer it to the building structure. Aluminum is a popular material for curtain walls due to its durability, lightweight, and resistance to corrosion.

The global aluminum curtain wall market has been growing steadily in recent years, driven by the increasing demand for modern and aesthetically pleasing building facades, as well as the growth of the construction industry. The market is highly competitive, with numerous companies offering a wide range of products at varying prices.

Some of the key factors that are driving the growth of the aluminum curtain wall market include:

· The increasing demand for energy-efficient buildings and sustainable construction practices.

· The growth of the construction industry, particularly in emerging economies.

· Advancements in curtain wall design and technology, leading to improved product quality and efficiency.

· The rising popularity of building facades as a means of architectural expression.

COVID-19 Impact on the Global Aluminum Curtain Wall Market

The global outbreak of a new coronavirus pandemic is likely to cause a slight slowdown in the industry. Due to labor shortages, manufacturing operations have come to a halt. This has resulted in a major decline in demand from end-use industries.

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Market Segmentation

The global aluminum curtain wall industry has been segmented based on type and application.

Based on type, the global Aluminum Curtain Wall Market has been bifurcated into stick-built, semi-unitized, and unitized. The Unitized segment earned the largest market share in 2017. The reason is attributed to factors like better-quality control, efficient infiltration, and less installation time, low labor cost, increased energy efficiency, and high reliability are other features linked with unitized type. This is expected to propel the segment during the forecast period.

Based on application, the global aluminum curtain wall market has been bifurcated into residential and non-residential. The commercial segment was the leading segment in 2017. The reason is due to the rapid expansion of multinational companies and manufacturing units. This has resulted in the construction of more office spaces, together with allied manufacturing units. Furthermore, this is supported by increased spending by the corporates on various developments. This, in turn, has generated massive demand for aluminum curtain wall in the commercial segment. Hence, the commercial segment is expected to contribute significantly over the forecast period.

Regional Analysis

The global aluminum curtain wall industry has been segmented into regions of North America, Europe, Asia Pacific, and the Rest of the World (RoW).

In 2017, North America and Europe accounted for the largest share of the overall aluminum curtain wall industry, followed by the Asia Pacific, and this dominance is expected to continue through 2023. This is due to the increasing investments in R&D for advanced products and materials in these countries. After North America and Europe, the Asia Pacific region accounts for a sizable portion of the industry. The region has seen an increase in the number of construction projects, which has been fueled by healthy investments in commercial and residential construction in countries like China and India. This is expected to drive demand for aluminum curtain walls in the Asia Pacific region in the near future.

Competitive Landscape

Notable players include ALUMIL (Greece), HansenGroup Ltd. (UK), Enclos Corporation (US), GUTMANN AG (Dubai), Aluplex (India), Josef Gartner GmbH (Germany), HUECK System GmbH & Co. KG (Germany), Alutech Systems Ltd (UK), EFCO Corporation (US), Heroal (Germany), and Kalwall Corporation (US).

The global aluminum curtain wall industry is highly competitive, with various players from all over the world. The players used a variety of strategies to grow their global presence and market share. Some of the main strategies adopted by the players include new product developments in terms of advanced material, mergers and acquisitions, together with strategic partnerships and collaborations.

Summary

The global Aluminum Curtain Wall Market is set to reach USD 20 billion at a CAGR of around 9% from 2018 to 2023 (forecast period). The market is expected to witness an incremental growth in demand, owing to growing needs to secure outside walls of business structures, including industrial facilities and workplaces. Aluminum curtain walls are used in a number of residential and commercial buildings to resist air and water infiltration, support its dead load weight forces, and withstand wind loads. The market for aluminum curtain walls is expected to witness considerable growth, owing to the growing demand for lightweight curtain walls in construction projects and the shift toward low-cost metals with high sustainability.

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