10 May 2019: Global Aluminum Curtain Wall Market is expected to reach USD 53.2 billion by 2025. Curtain Wall is termed as a thin, mainly aluminum-framed wall that comprises in-fills of glass, thin stone, or metal panels to take care of interior from the elements and create a safe and comfortable work environment for the building occupants. These curtain walls carry their own weight. The wall helps to transfer wind loads to the main building structure at connection points of building, which is also known as main wind force resisting system (MWFRS). It is mainly planned to resist water and air infiltration, and influence created by seismic and wind forces. The Aluminum Curtain Wall Market is estimated to grow at a significant CAGR of 7% over the forecast period as the scope and its applications are rising enormously across the globe.
Increasing government initiative to construct eco-friendly buildings, recognize and promote green brands, increasing disposable income, and rapid urbanization in developing countries are documented as major factors of Aluminum Curtain Wall Market that are estimated to enhance the growth in the years to come. Aluminum Curtain Wall Market is segmented based on type, application, and region.
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Unitized, stick-built, and semi-unitized are the types that could be explored in Aluminum Curtain Wall in the forecast period. Unitized sector accounted for the substantial market share and is estimated to lead the overall market in the coming years. Also, the sector is estimated to grow at highest CAGR in the upcoming years. This may be because of low labor and installation cost and reduced site operations. Moreover, stick-built sector is estimated to grow at fastest pace in the coming years.
The market may be categorized based on applications like residential, commercial, and others that could be explored in the forecast period. The commercial sector accounted for substantial market share of Aluminum Curtain Wall and is estimated to lead the overall market in coming years. This may be because of growing disposable income as raised spending on consumer goods and high demand for retail spaces. In addition, residential sector is estimated to grow at significant CAGR in the coming years.
Globally, Asia Pacific accounted for the substantial market share of Aluminum Curtain Wall and is estimated to lead the overall market in coming years. The regional market is estimated to grow at significant CAGR over 10% in the years to come. The reason behind the overall market growth could be rising construction industry, government initiative for development of infrastructure sector, and presence of key manufacturers in the region. The developing countries like India, Japan, and China are the major consumers of Aluminum Curtain Wall in the region.
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Instead, Europe and North America are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, North America is estimated to grow at moderate pace with the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise rising disposable income and high demand for sustainable curtain walls for advancing moisture resistance and diminishing pollution in high drizzle areas.
The key players of Aluminum Curtain Wall Market are Kawneer Company, Inc., Alumil Aluminium Industry S.A., HansenGroup Ltd., EFCO Corporation, and GUTMANN AG. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.
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