Report ID: SQMIG20B2053
Report ID:
SQMIG20B2053 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
62 |
Figures:
75
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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Report ID: SQMIG20B2053