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Aluminum Curtain Wall Market Size & Share, 2027 | Industry Report

Aluminum Curtain Wall Market Analysis Report By Type, By Application, By Region And Segment Forecasts From 2020 To 2027

Report ID: MN17617225  |  Published: September 2020  |  No of Pages: 102
Format: Electronic (PDF)  |  Industry: HVAC (Heating, Ventilation, & Air Conditioning)  |  Publisher: Grand View Research

Industry Insights

The global aluminum curtain wall market size was USD 31.9 billion in 2019. It is anticipated to witness 9.6% CAGR over the forecast duration, 2020 to 2027. Increasing focus on securing the wall outside in businesses premises is driving the product growth. These curtains walls are used in various commercial and residential sectors to resist the water and air filtration. Owing to the recent shift towards cost-effective and lightweight metal is projected to bode well for the growth of the market.

The rise in demand for energy-efficient curtain walls is likely to attribute to the market growth in the next seven years. Sports arena and commercial buildings are the major industries that consume high energy. Manufacturers are focusing on developing sustainable and energy-efficient solution. Therefore, factors such as the ability of aluminum curtain wall to prevent against air impermeability, water penetration, lightweight and cost-effectiveness are likely to supplement the market growth.

U.S aluminum curtain wall market

Increasing emphasizing by the government to construct sustainable buildings is positively affecting market growth. In addition, environment benefits provided the use of sustainable materials is encouraging manufacturers to invest in the development of green building projects. The use of curtain walls is gaining traction owing to the low greenhouse emission and energy efficiency.

The construction industry in emerging countries such as India, China and Brazil is witnessing noticeable growth owing to the rising disposable income and rapid urbanization. Increasing infrastructural development in emerging countries and rising focus on the development of the environment-friendly product are projected to bolster the market growth from 2020 to 2027.

Type Insights

Depending on the type, the aluminum curtain wall market is classified into unitized, semi-unitized and stick-built. Among them, the unitized segment accounted for over 60% share in the market in 2019. Further, it is anticipated that the segment would witness the highest growth over the forecast duration. Benefits such as low installation and labor cost, improved efficiency, high quality and reduced operation at site are attributing to the growth of this segment. Unitized systems are constructed into the assembly line process; thus, they are reliable.

On the other hand, the stick-built category held a considerable share in the market in 2019 and projected to register more than 9% CAGR from 2020 to 2027. These systems provide larger tolerances and easy connections detailing in the building structure. On the other hand, the semi-unitized segment is estimated to register moderate growth over the forecast duration.

Application Insights

In 2019, the commercial division held the largest share in the market with more than USD 20.0 billion. Further, it is anticipated to register 9.5% CAGR over the forecast duration. Owing to the increasing construction of recreational, shipping and entertainment complexes in the emerging countries. Moreover, with the increase in disposable income, public spending on consumer goods has increased considerably.

China aluminum curtain wall market

On the other hand, the residential division is likely to witness over 8.5% CAGR during the forecast period. This segment is expected to provide a lucrative growth opportunity for all stakeholders involved in the value chain. Factors such as recovery in the U.S housing construction and rise in urbanization in emerging countries are driving the segment growth. Emerging countries such as India and China, in particular, are witnessing significant growth in the construction of residential units.

Regional Insights

In 2019, Asia Pacific held a considerable share in the market and it is anticipated to register more than 11.0% CAGR from 2020 to 2027. The regional growth is largely dominated by countries such as China, India and Japan. Asia Pacific is projected to account for around half of the construction industry globally in 2020. Increasing government support and improved lifestyle are leading to high investment in the construction sector.

On the other hand, developed regions like North America and Europe are anticipated to register moderate growth over the forecast period. Growing spending on construction activities, recovery of the construction sector in the U.S and rising demand for energy-efficient curtain walls are driving the regional growth.

Impact of COVID-19

The construction industry has been severely affected owing to the outbreak of COVID-19. The pandemic has caused disruption in the supply chain. In addition, labor shortage has resulted in the delay in various ongoing projects. However, the impact of COVID-19 on aluminum curtain wall market would be for the short to mid-term. With increasing government focus on developing energy-efficient solution coupled with financial support is estimated to drive the product demand over the forecast period. In addition, manufacturers can focus on the development of cost-effective materials to cater to increasing demand from emerging nations.

Aluminum Curtain Wall Market Share Insights

Owing to the presence of several small and large scale players, the market is witnessing high competition. Key players operating in the industry include EFCO Corporation, Kawneer Company, HansenGroup Ltd and GUTMANN AG among others. In order to develop eco-friendly curtain walls, market players are investing in research and development.

In addition, these players are collaborating with various smaller players to strengthen their presence across the globe. For example, Apogee Enterprises acquired EFCO Corporation in 2017 to strengthen its presence in the medium-sized commercial building segment along with expanding its presence in the United States.

Report Scope

Report Attribute

Details

Market size value in 2020

USD 34.6 billion

Revenue forecast in 2027

USD 65.7 billion

Growth Rate

CAGR of 9.6% from 2020 to 2027

Base year for estimation

2019

Historical data

2016 - 2018

Forecast period

2020 - 2027

Quantitative units

Revenue in USD billion and CAGR from 2020 to 2027

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Type, application, and region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; Russia; Turkey; Poland; U.K.; Germany; France; Spain; China; India; Japan; Taiwan; Thailand; Malaysia; Singapore; Indonesia; Australia; Brazil; Mexico; UAE; and Saudi Arabia

Key companies profiled

Alumil Aluminium Industry S.A.; EFCO Corporation; GUTMANN AG; HansenGroup Ltd.; and Kawneer Company, Inc.

Customization scope

Free report customization (equivalent up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis on latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Million Insights has segmented the global aluminum curtain wall market report based on type, application, and region:

• 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

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