The Aluminum Curtain Wall Market size 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 development in the construction sector has been observed with the new residential building and remodeling and renovation projects due to the rapid urbanization. This is supported by technological advancements in materials and products, which have increased demand for building materials and components such as aluminum curtain walls. One of the innovations seen in the development of energy-saving curtain walls has been the development of energy-saving solutions. With such developments in advanced materials, as well as the rising demand for better moisture management, it is anticipated to boost the demand for such curtain walls in the coming years.
COVID-19 Impact on the Global Aluminum Curtain Wall Market size
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.
Get Sample Report-https://www.marketresearchfuture.com/sample_request/7503
The global aluminum curtain wall industry has been segmented based on type and application.
Based on type, the global Aluminum Curtain Wall Market size 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 size 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.
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.
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.
The global Aluminum Curtain Wall Market size 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.
About Market Research Future -
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Edibles.
MRFR team has the supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with the technology and work process of the industry, MRFR often plans to conduct meet with the industry experts and industrial visits for its research analyst members.
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone: +1 628 258 0071(US) +44 2035 002 764(UK)