Aluminum Curtain Wall Market Size, Share & Trends Report

Aluminum Curtain Wall Market Size, Share & Trends Analysis Report By Type (Stick-Built, Semi-Unitized, Unitized), By Application (Commercial, Residential), By Region, And Segment Forecasts, 2019 - 2025

  • Published Date: Feb, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-2-68038-218-1
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2017
  • Number of Pages: 102

Industry Insights

The global aluminum curtain wall market size was valued at USD 29.41 billion in 2018 and is expected to register a CAGR of 9.3% from 2019 to 2025. These 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 high demand for lightweight curtain walls in construction projects and shift toward low-cost metals with high sustainability.

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

Themarket is anticipated to witness considerable growth 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.

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 from Asia Pacific, such as India, China, Japan, and Thailand, are likely to drive the construction of residential buildings, industries, and offices, thus, encouraging growth of the aluminum curtain wall market.

Type Insights

The market can be broadly segmented into three types, namely, unitized, semi-unitized, and stick-built. The unitized segment accounted for more than 60% of the total market share in 2018 and is anticipated to register the fastest CAGR over the forecast period. This growth can be ascribed to numerous benefits, such as low labor and 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 they are constructed in an assembly line process under controlled conditions.

The stick-built system segment accounted for a significant market share in 2018 and is expected to register 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 CAGR in near future as these systems have huge labor requirements for field jointing work and require high erection time.

Application Insights

The commercial segment led the market with a value of over USD 20.0 billion in 2018 and is expected to expand 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 rising demand for high-end entertainment, recreational, and shopping complexes. Increasing demand for retail spaces and rising disposable income directly translating into increased spending on consumer goods, is anticipated to bode well for the segment in near future.

China aluminum curtain wall market

Furthermore, the residential segment is expected to expand at a CAGR exceeding 8.0% from 2019 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.

Regional Insights

Asia Pacific accounted for a significant market share in 2018 and is expected to register a CAGR exceeding 10.0% over the forecast period. The development rate of nations, such as India, China, and Japan is faster than most developing nations. 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 2019 to 2025. The regions accounted for over 40% of total market share in 2018. The regional growth 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.

Aluminum Curtain Wall Market Share Insights

The global market is marked by the presence of large-scale and medium-scale 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 business collaborations 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 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

2018

Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Billion and CAGR from 2019 to 2025

Regional scope

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

Country scope

U.S., Canada, Russia, Turkey, Poland, U.K., Germany, France, Spain, China, India, Japan, Taiwan, Thailand, Malaysia, Singapore, Indonesia, Australia, 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 global aluminum curtain wall market report based on type, application, and region:

  • Type Outlook (Revenue, USD Billion, 2014 - 2025)

    • Stick-built

    • Semi-unitized

    • Unitized

  • Application Outlook (Revenue, USD Billion, 2014 - 2025)

    • Commercial

    • Residential

  • Regional Outlook (Revenue, USD Billion, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Eastern Europe

        • Russia

        • Turkey

        • Poland

      • Western Europe

        • U.K.

        • Germany

        • France

        • Spain

    • Asia Pacific

      • China

      • India

      • Japan

      • Taiwan

      • Thailand

      • Malaysia

      • Singapore

      • Indonesia

      • Australia

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • UAE

      • Saudi Arabia

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