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The global aluminum curtain wall market size is predicted to reach $62.22 billion by 2027. The escalating growth in the construction industry will subsequently fuel demand for aluminum curtain walls in the foreseeable future. Additionally, the advancement in commercial buildings will have a positive impact on the aluminum curtain wall market growth during the forecast period, mentioned in a report, titled “Aluminum Curtain Wall Market Size, Share & Industry Analysis, By Product Type (Stick-built, Unitized, and Others), By Application (Commercial Buildings and Residential Buildings) and Regional Forecast, 2019-2027” the market size stood $33.76 billion in 2019 and is predicted to exhibit a CAGR of 8.0% between 2019 to 2027.
Launch of New 6EFT Curtain Wall system by Comar to Augment Growth
Comar Architectural Aluminium Systems, the largest British privately-owned aluminum systems company in Europe announced that it has launched an innovative Comar 6EFT Curtain Wall system, with the highest Ix and Iy values available. The introduction of the Comar 6EFT Curtain Wall system will cater to the demands of larger transom spans above 3000mm and unsupported multi-story mullions. The launch of the innovative Curtain Wall system can be a vital factor in promoting the market owing to its design and aesthetics along with the unique advantage of promptly being extruded and manufactured in any shape or form.
The rising focus towards energy-efficient designs to provide exceptional thermal performance will spur demand for aluminum curtain in the forthcoming years. Additionally, the growing development in curtain walls for thermal expansion, water management, and building movement for cost-effective cooling, and heating will subsequently favor the growth of the market.
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Emphasis on Curbing Carbon Emission to Fuel Demand Aluminum
The rising knowledge about the characteristics of aluminum for the sustainability of buildings and innovation of existing buildings will enable speedy expansion of the market. The long service life, higher strength-to-weight ratio, high reflectivity, fire safety, and flexible design will fuel significant demand for the market. The implementation of government regulations and norms to curb carbon emissions in construction activity will create lucrative opportunities for the market.
The eco-friendly nature of Aluminum will positively influence the air quality inside or outside of the building. Furthermore, the increasing initiatives by the leading players to expand their distribution network and enhance product portfolio will facilitate the aluminum curtain wall market share. For instance, in May 2019, ETEM Group joined the Council of Tall Buildings and Habitat to exchange information on tall buildings across the world. The company has strategically joined the Council of Tall Buildings and Habitat to cater to the changing needs of the market through its extensive network of international representatives.
Concentration of Key players towards Portfolio Expansion to Consolidate Market
The market is dominated by major players present in the market. The integration of strategies by key players will reinforce their position in the market. For instance, in May 2017, Apogee Enterprise Inc. announced that it has agreed to acquire 100% stocks of EFCO Corporation from Pella Corporation. The acquisition cost was approximately US$ 195 million. With this acquisition, the company will broaden its architectural product offerings and geographical footprints across the United States. Moreover, the rising focus of eminent players towards expanding its distribution networks will subsequently boost the market. For instance, in June 2016, ALUTECH expanded its product line of curtain wall systems with the launch of the new ALT F50FR fire-resistant facade system. The product has been launched with different fire-resisting ratings for external facades and internal partitions.
The Report Lists the Key Players in the Aluminum Curtain Wall Market:
Further Report Findings:
The Market is Segmented into:
ATTRIBUTE | DETAILS |
Study Period | 2016-2027 |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Period | 2016-2018 |
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Unit | Value (USD Billion) |
Segmentation | By Product Type
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By Application
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By Geography
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