The global aluminum curtain wall market size is anticipated to touch USD 65.7 billion by 2027, expanding with over 9% CAGR as per a new report by Million Insights. Growing focus on exterior wall protection coupled with increasing construction of the residential and commercial building is driving the product demand. In addition, rising demand for the energy-efficient wall is further bolstering market growth.
Governments across the globe are emphasizing on the construction of the green building, which in turn, is proliferating the product demand. For example, the Energy Performance of Buildings Directive (EPBD) is aiming to improve the energy performance of the old and new building in consideration of outdoor and indoor climate conditions.
Increasing awareness about the deterioration of the environment has led to a rise in demand for environmentally friendly buildings in the past few years. In addition, increasing disposable income and rising urbanization in emerging countries are attributing to the market growth for aluminum curtain wall.
Asia Pacific held a considerable share in the market in 2019. Further, the region is anticipated to witness over 11% CAGR from 2020 to 2027. Increasing demand from countries such as India, Japan and China is driving the regional market growth. These countries are witnessing an increase in the construction of residential and commercial buildings.
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Further key findings from the report suggest:
• In 2019, the aluminum curtain wall market was valued at USD 31.9 billion and estimated to register over 9% CAGR from 2020 to 2027.
• Based on type, the unitized category held a major share in the market owing to benefits such as energy efficiency, less installation time and water infiltration features.
• Asia Pacific is likely to witness more than 11% CAGR from 2020 to 2027.
• Key players in the market include EFCO Corporation, Kawneer Company, GUTMANN AG and Alumil Aluminium Industry S.A. among others.
Million Insights segmented the global aluminum curtain wall market based on type, application, and region:
Aluminum Curtain Wall Type Outlook (Revenue, USD Billion, 2016 - 2027)
Aluminum Curtain Wall Application Outlook (Revenue, USD Billion, 2016 - 2027)
Aluminum Curtain Wall Regional Outlook (Revenue, USD Billion, 2016 - 2027)
• North America
• Eastern Europe
• Western Europe
• Asia Pacific
• Latin America
• Middle East & Africa
• Saudi Arabia