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

Industry Insights

The global aluminum curtain wall market size was USD 31.9 billion in 2019. It is anticipated to witness a 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 curtain walls are used in various commercial and residential sectors to resist water and air filtration. Owing 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 arenas and commercial buildings are the major industries that consume high energy. Manufacturers are focusing on developing sustainable and energy-efficient solutions. Therefore, factors such as the ability of aluminum curtain walls to prevent air impermeability, water penetration, lightweight, and cost-effectiveness are likely to supplement the market growth.

Increasing emphasis by the government to construct sustainable buildings is positively affecting the market growth. In addition, environmental benefits provided by the use of sustainable materials are 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 environment-friendly products 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 is projected to register more than 9% CAGR from 2020 to 2027. These systems provide larger tolerances and easy connection 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 a 9.5% CAGR over the forecast duration. Owing to the increasing construction of recreational, shipping, and entertainment complexes in emerging countries. Moreover, with the increase in disposable income, public spending on consumer goods has increased considerably.

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. The 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 disrupted the supply chain. In addition, the labor shortage has resulted in the delay in various ongoing projects. However, the impact of COVID-19 on the aluminum curtain wall market would be for the short to mid-term. With increasing government focus on developing energy-efficient solutions 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. 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

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For 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
    • The Asia Pacific
        • China
        • India
        • Japan
        • Taiwan
        • Thailand
        • Malaysia
        • Singapore
        • Indonesia
        • Australia
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa
        • UAE
        • Saudi Arabia