USD 61.43 billion
Report ID:
SQMIG20B2053 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
62
|Figures:
75
Aluminum Curtain Wall Market size was valued at USD 42.3 Billion in 2023 and is poised to grow from USD 46.23 Billion in 2024 to USD 94.17 Billion by 2032, growing at a CAGR of 9.3% during the forecast period (2025-2032).
The market is anticipated to experience a little increase in demand due to the increased requirement to secure outside walls of commercial buildings, including industrial facilities and offices. A variety of residential and commercial building types use aluminium curtain walls to withstand wind loads, resist air and water infiltration, and support their own dead load weight forces. Due to the rising demand for lightweight curtain walls in construction projects and the shift toward low-cost metals with high sustainability, the market for aluminium curtain walls is anticipated to experience significant expansion.
Over the course of the forecast period, a rise in the need for energy-efficient curtain walls is anticipated to drive the market for aluminium curtain walls. Commercial structures and sporting venues use a significant amount of energy, making up more than half of all energy usage. By adopting sustainable building materials, manufacturers have been concentrating on green buildings and energy-efficient curtain walls to lower energy and operational expenses. Furthermore, due to advantages including water resistance, energy efficiency, air tightness, light filtering, lightweight, cost-effectiveness, and ease of assembly, the demand for aluminium curtain walls is predicted to rise throughout the course of the projection period.
The market for aluminium curtain walls is anticipated to rise as a result of factors including the coordinated efforts of governments around the world to build green structures. The green construction industry is being driven by government incentives as well as greater awareness of and promotion of green brands because of their advantages for the environment and human health. Because they provide benefits like high energy efficiency and low greenhouse gas (GHG) emissions, curtain wall systems are quickly becoming more appealing in such construction activities. The benefits of aluminium curtain walls described above will likely drive market expansion during the anticipated time frame.
US Aluminum Curtain Wall Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 61.43 billion
Largest Segment
Unitized
Fastest Growth
Unitized
Growth Rate
8.89% CAGR
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Global Aluminum Curtain Wall Market is segmented by system type, construction type, application, distribution channel and region. Based on system type, the market can be segmented into Stick-built, Semi-unitized, and Unitized. Based on Construction Type, the market is segmented into Refurbishment, and New construction. Based on application, the market is segmented into Commercial, and Residential. Based on distribution channel, the market is segmented into Direct sales, and Indirect sales. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Aluminum Curtain Wall Market Analysis by Type
Unitized walls dominated the aluminum curtain wall market it was seen due to reasons such as it is not necessary to install each component individually in a unitized curtain wall system. The wall is built out of interconnecting factory-made and factory-glazed components. Therefore, compared to stick-built, unitized systems offer faster installation and superior quality. In comparison to stick-built curtain walls, a unitized curtain wall can be installed in about one-third the time. Due to the sequential installation of each component in a stick-built system, extreme accuracy and quality control are necessary. For the construction of tall buildings, a unitized curtain wall is chosen over conventional or stick-built methods.
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In 2021, Asia Pacific dominated the global market for aluminum curtain walls. The main markets for ACW in the Asia Pacific region are nations like China, India, and Japan. The near future market is expected to be driven by the abundance of aluminum and the region's building industry's positive expansion. By 2025, India is anticipated to overtake China as the third-largest construction market, according to the India Brand Equity Foundation (IBEF). Over the projection period, China and India are anticipated to jointly hold the greatest market share in the global construction market. Additionally, the need for various structural designs is increasing in India due to favorable government laws. The Indian government signed a memorandum of understanding (MoU) for cooperation in urban development with developed nations including the U.S., France, Japan, etc.
In 2021, Europe was the second-largest user of aluminum curtain walls worldwide. The area has a thriving market because there are more reputable producers there. Germany had the biggest revenue share in Europe, followed by the United Kingdom, and is anticipated to expand at the quickest CAGR throughout the projected period.
In 2021, North America had the third-largest proportion of the worldwide market. The United States is one of the biggest consumers of curtain walls in the world and the second-largest construction market. The market is predicted to increase significantly in Canada.
In 2021, the revenue share of Latin America, the Middle East, and Africa in the global market were in the single digits. However, it is anticipated that throughout the projection period, rising government and private investment in creating both commercial and residential infrastructures in these regions would generate potential growth possibilities for the aluminum curtain walls.
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Aluminum Curtain Wall Market Driver
Aluminum Curtain Wall Market Restraint
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The aluminum curtain wall market is incredibly fragmented due to the abundance of large- and medium-sized manufacturers. These companies are heavily investing in research and development to provide environmentally friendly technology. The market for aluminum curtain walls has seen considerable growth in partnerships, collaborations, and investments focused on developing advanced aluminum curtain walls. These operations are expected to continue during the projected period due to rising government and commercial sector demand for aluminum curtain walls in several nations. For instance, in May 2021, Alumil Aluminium Industry S. A. supported the development of sustainable buildings in Vancouver by utilizing SMARTIA M78 to make the city greener.
Top Players in the Global Aluminum Curtain Wall Market
Aluminum Curtain Wall Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, by type, unitized walls dominated the global aluminum curtain wall market in 2021 and are anticipated to maintain their dominance throughout the forecast period. In 2021, Asia Pacific dominated the global aluminum curtain wall market owing to the region's high industry expansion and increase in favorable government laws.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 42.3 Billion |
Market size value in 2032 | USD 94.17 Billion |
Growth Rate | 9.3% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Aluminum Curtain Wall Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aluminum Curtain Wall Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aluminum Curtain Wall Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aluminum Curtain Wall Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20B2053
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