Aluminum Curtain Wall Market Report

Aluminum Curtain Wall Market Analysis By Type (Stick-built, Semi-unitized, Unitized), By Application (Commercial, Residential), By Region, And Segment Forecasts, 2014 - 2025

Published: November 2017  |  102 Pages  |  Format: PDF  |  Report ID: GVR-2-68038-218-1

Industry Insights

The global aluminum curtain wall market size was valued at USD 25.35 billion in 2016. Aluminum curtain walls are used in several types of residential and commercial buildings to resist air and water infiltration, support its own dead load weight forces, withstand wind loads, and others. The market is expected to witness considerable growth, owing to the growing demand for lightweight curtain walls in construction projects and shift toward low-cost metals with high sustainability.

The increasing demand for energy-efficient curtain walls is expected to further spur the market growth over the forecast period. Commercial buildings and sports arenas have high energy requirements and account for more than 50% of the total energy consumption. Manufacturers have been focusing on green buildings and energy-efficient curtain walls to reduce energy and operational costs by using sustainable building materials.

U.S. aluminum curtain wall market by type, 2014 - 2025 (USD Billion)

U.S. aluminum curtain wall market

The demand for aluminum curtain wall market is anticipated to increase over the forecast period, owing to benefits such as prevention of water penetration, energy efficiency, air impermeability, filtration of natural light, lightweight, cost-effectiveness, and easy assembly, among others.

Type Insights

Factors, such as combined efforts by governments across the globe to construct green buildings, are expected to increase the demand for aluminum curtain walls. Government incentives, coupled with increased recognition and promotion of green brands, owing to their health and environmental benefits, are driving the green buildings industry. Curtain wall systems are briskly attaining attractiveness in such construction activities because they offer advantages such as high-energy efficiency and low Greenhouse Gas (GHG) emissions.

Moreover, rapid urbanization and growing disposable income in the developing economies of Asia Pacific countries, such as India, China, Japan, and Thailand, are likely to drive the construction of residential buildings, industries, and offices, thus, encouraging the growth of the aluminum curtain wall market.

Aluminum curtain wall can be broadly segmented into three types namely stick-built, semi-unitized, and unitized. Unitized curtain wall systems accounted for more than 50% of the total market share in 2016 and the segment is anticipated to grow at the fastest CAGR over the forecast period. This growth can be ascribed to numerous benefits, such as low labor costs, low installation costs, reduced site operations, increased energy efficiency, and high quality, provided by the systems. The fabrication process for unitized systems is reliable as the systems are constructed in an assembly line process under controlled conditions.

The stick-built system segment accounted for a significant market share in 2016 and is expected to grow at a CAGR exceeding 8.0% over the forecast period. These systems facilitate easy detailing of connections and larger tolerances in a building structure, as the system assembling takes place on site. The semi-unitized system segment is likely to witness a moderate growth rate as these systems have huge labor requirements for field jointing work and requires high erection time.

Application Insights

The commercial segment dominated the market with a value of over USD 15.0 billion in 2016 and is expected to grow at a CAGR of over 9.0% from 2017 to 2025. It is likely to remain an important segment in emerging economies, owing to the growing demand for high-end entertainment, and recreational and shopping complexes. Additionally, the segment is anticipated to witness significant growth due to increasing demand for retail spaces and rising disposable income that has directly translated into increased spending on consumer goods.

Furthermore, the residential segment is expected to grow at a CAGR exceeding 7.0% from 2017 to 2025. This growth can be attributed to the prompt recovery of the U.S. housing market and an increase in residential construction activities across developing and developed economies.

China aluminum curtain wall market share by application, 2016 (%)

China aluminum curtain wall market

Regional Insights

The Asia Pacific region accounted for a significant market share in 2016 and is expected to grow at a CAGR exceeding 10.0% over the forecast period. The region includes developing nations, such as India, China, and Japan, whose rate of development is faster than most other developing nations in the world. Moreover, Asia Pacific is anticipated to account for nearly half of the global construction industry by 2020. A healthy spread of construction activity supports the stability of the Asian markets, along with government intervention enhancing a majority of projects for infrastructure development.

Developed regions, such as Europe and North America, are expected to witness moderate growth from 2017 to 2025. The regions accounted for over 40% of the total market share in 2016. The growth in the regions can be attributed to increasing disposable income, growing construction spending, and the steady demand for sustainable curtain walls for reducing pollution and enhancing moisture resistance in high precipitation areas.

Competitive Insights

The global aluminum curtain wall market includes the presence of large-scale and medium-scale aluminum curtain wall manufacturers. The major players include Alumil Aluminium Industry S.A., EFCO Corporation, GUTMANN AG, HansenGroup Ltd., and Kawneer Company, Inc., among others. The companies are making huge investments in research and development for introducing eco-friendly systems.

Furthermore, they are emphasizing on strengthening their regional presence by collaborating with other companies for augmenting their market presence and achieving a competitive edge. For instance, in 2017, Apogee Enterprises, Inc. completed the acquisition of EFCO Corporation to enhance its growth strategies, increase its presence in the mid-size commercial buildings segment, extend its product offerings, and expand its geographic presence across the U.S. Additionally, the acquisition enabled EFCO Corporation to capitalize on the market, product, and operational opportunities.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 and 2015

Forecast period

2017 - 2025

Market representation

Revenue in USD Billion and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Country scope

U.S., Canada, Russia, Turkey, Poland, UK, Germany, France, Spain, China, India, Japan, Taiwan, Thailand, Malaysia, Singapore, Indonesia, Vietnam, Philippines, Australia, New Zealand, Brazil, Mexico, UAE, and Saudi Arabia

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

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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 from 2014 to 2025 in each of the sub-segments. For the purpose of this study, Grand View Research has segmented the aluminum curtain wall market based on types, applications, and regions:

  • Aluminum Curtain Wall Type Outlook (Revenue, USD Billion; 2014 - 2025)

    • Stick-built

    • Semi-unitized

    • Unitized

  • Aluminum Curtain Wall Application Outlook (Revenue, USD Billion; 2014 - 2025)

    • Commercial

    • Residential

  • Aluminum Curtain Wall Regional Outlook (Revenue, USD Billion; 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Eastern Europe

        • Russia

        • Turkey

        • Poland

      • Western Europe

        • UK

        • Germany

        • France

        • Spain

    • Asia Pacific

      • China

      • India

      • Japan

      • Taiwan

      • Thailand

      • Malaysia

      • Singapore

      • Indonesia

      • Vietnam

      • Philippines

      • Australia

      • New Zealand

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • UAE

      • Saudi Arabia

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