The global aluminum curtain wall market is expected to reach USD 53.2 billion by 2025, according to a new report by Grand View Research, Inc. The global aluminum curtain wall market is being driven by the trend toward protecting exterior walls and the upsurge in the construction of commercial buildings, including offices and institutions, in developed and developing economies. The market growth can also be ascribed to the increasing demand for enhanced moisture management properties and energy-efficient solutions.
Furthermore, government regulations pertaining to green buildings remain to be the key driver of the aluminum curtain walls market. For instance, 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.
The increasing demand for eco-friendly infrastructure, owing to stringent regulations and rising awareness regarding environmental deterioration, is anticipated to favorably impact the market demand 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.
The aluminum curtain wall market was valued at USD 25.35 billion in 2016 and is expected to grow at a CAGR exceeding 7% over the forecast period, owing to considerable rise in construction spending across the globe and increased use of sustainable materials
The unitized segment accounted for a major share in 2016, owing to factors such as enhanced quality control, efficient air & water infiltration performance, and minimal installation time
The commercial segment is anticipated to grow at a CAGR exceeding 9.0% from 2017 to 2025, 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 10.0% over the forecast period, owing to the 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., dominated the market in 2016 and emphasize on expanding their market presence through mergers and acquisitions
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.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: +1-415-349-0058 Toll Free: 1-888-202-9519 Email: firstname.lastname@example.org