The global aluminum curtain wall market size is expected to reach USD 65.7 billion by 2027, expanding at a CAGR of 9.6%, according to a new report by Grand View Research, Inc. The market is being driven by the growing trend of protecting exterior walls and upsurge in the construction of commercial buildings, including offices and institutions, in developed and developing economies. Market growth can also be ascribed to increasing demand for enhanced moisture management properties and energy-efficient solutions.
Furthermore,
government regulations pertaining to green buildings remain a key driver of the
market. For instance, the Energy Performance of Buildings Directive (EPBD) aims
at improving the energy performance of buildings, while considering indoor and
outdoor climate conditions, local requirements, and cost-effectiveness. The
directive is pertinent to new and old buildings, which are under the process of
renovation. Curtain walls systems decrease HVAC costs and improve building
energy efficiency.
Increasing
demand for eco-friendly infrastructure, owing to stringent regulations and
rising awareness regarding environmental deterioration, is anticipated to favorably
impact the market over the forecast period. Moreover, rapid urbanization, along
with rising disposable income in emerging economies of the Asia Pacific region,
including China, India, Japan, and Thailand, is anticipated to spur the
construction of residential and commercial buildings. This is expected to
positively influence the growth of the aluminum curtain wall market over the
forecast period.
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Aluminum Curtain
Wall Market Report Highlights
- The market
was valued at USD 31.9 billion in 2019 and is expected to witness a CAGR
of 9.6% over the forecast period, owing to the considerable rise in
construction spending across the globe and increased use of sustainable
materials
- The unitized
segment accounted for a major share in 2019, owing to factors such as
enhanced quality control, efficient air & water infiltration
performance, and minimal installation time
- The
commercial segment is anticipated to exhibit a CAGR exceeding 9.5% from
2020 to 2027, owing to the growing demand for high-end entertainment,
recreational, and shopping complexes
- The Asia
Pacific region is anticipated to witness significant growth with a CAGR
exceeding 11.0% over the forecast period, owing to increasing demand for
retail spaces and growing disposable income in the region
- The key
players, such as Alumil Aluminium Industry S.A.; EFCO Corporation; GUTMANN
AG; HansenGroup Ltd.; and Kawneer Company, Inc., are emphasizing on
expanding their market presence through mergers and acquisitions.
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Aluminum Curtain
Wall Market Segmentation
Grand View Research has
segmented the global aluminum curtain wall market based on type, application,
and region:
Aluminum Curtain
Wall Type Outlook (Revenue, USD Billion, 2016 - 2027)
- Stick-built
- Semi-unitized
- Unitized
Aluminum Curtain
Wall Application Outlook (Revenue, USD Billion, 2016 - 2027)
- Commercial
- Residential
Aluminum Curtain
Wall 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
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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