Aluminum Curtain Wall Market Size By System Type (Stick-built System, Unitized, Semi-unitized), By Construction Type (Refurbishment, New Construction), By Application (Commercial, Residential), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 - 2030
The aluminum curtain wall market is slated to expand enormously by 2030 owing to mounting demand for aluminum in the construction industry. In addition, rising awareness regarding green infrastructure, along with favorable government initiatives to reconsider building infrastructure in light of surging climate consciousness, is likely to further propel market development in the forecast years.
The COVID-19 pandemic imposed a threat on market reach due to delays in construction activities attributed to the restrictions on movement and business operations. However, the decline in COVID-19 cases has allowed manufacturers to resume operations, thereby boosting market growth. Furthermore, government initiatives to establish a green building infrastructure to lower GHG emissions have also improved the product landscape. For instance, Technal, an aluminum building systems firm, launched its MX curtain walling suite with varied designs as UK’s first ever solution to offer a wide array of design options from a grid system.
Moreover, key participants in the aluminum curtain wall market have been focusing on innovating cost-effective product lines to maintain a significant position in the sector. Additionally, strategic mergers and acquisitions have been aiding in the process, thereby enhancing the overall business outlook. To cite an instance, in February 2021, Tubelite Inc., a manufacturer of aluminum entrances, provided aluminum curtain wall and window wall systems to the North American headquarters of Vaisala, an expert in environmental, weather, & industrial measurements, situated in Louisville, Colorado. The aluminum curtain wall system promised reduced spending on harmful infrastructure for the new building.
In another instance, in December 2021, Reynaers Aluminum, a European developer of aluminum products for buildings, joined hands with Renson, an outdoor concepts firm, to bring next-generation curtain wall systems. The collaboration focused on creating green solutions for buildings that are user-friendly and cost-efficient. The two companies combined Renson’s Fixscreen Minimal Curtain Wall 50 with Reynaers’s Concept Wall 50 Façade System.
The aluminum curtain wall market has been bifurcated based on application, system type, construction type, and region.
In terms of system type, the market has been divided into semi-unitized, stick-built system, and unitized. The unitized segment is expected to grow at a CAGR of over 9.5% through the review timeline.
With regard to construction type, the aluminum curtain wall industry has been split into new construction and refurbishment. The new construction segment is projected to reach around 640 million sq. mt. by 2030.
The aluminum curtain wall market has been segmented from the application point of view into residential and commercial. Rising focus on infrastructural development is anticipated to boost the growth of the commercial segment.
In the regional landscape, the Middle East & Africa aluminum curtain wall industry is estimated to attain a revenue of approximately $8.5 billion by the end of the study period.
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