Aluminum Curtain Wall Market Outlook 2022: APAC Region To Witness Significant Growth By 2026
Asia Pacific aluminum curtain wall market will witness substantial growth over the coming years. In fact, the region in the year 2019, registered the largest share due to rising demand for curtain walls in commercial projects across the region. In addition, strict government policies and regulations to promote health & environment benefits of green products is further driving the product demand across APAC. This is further slated to offer new growth opportunities in the region.
The North America aluminum curtain wall market is expected to witness tremendous rate of expansion led by the U.S. In fact, the regional market is projected to hold about 22% industry share of the overall market by the end of 2026. An upsurge in the commercial constructions across the U.S. as well as renovation of old structures is likely to be the prime factor augmenting the market growth. In addition, the consistently growing demand for curtain walls to avoid water and air penetration, protection against wind load and dead load, and natural light filtration should majorly fuel the regional market trends over the coming years.
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The aluminum curtain wall market is likely to surpass a valuation of $57.16 billion by the end of 2026. The market for aluminum curtain walls is slated to witness considerable growth over the coming years owing to rapidly expanding construction activities across residential and commercial sectors. Construction activities however, have gone beyond the realm of cement and concrete. Driven by the rising environment concerns, construction magnates have been focusing on green buildings and energy-efficient systems. Considering the growing demand for the same, several industry players are focusing on improving their product portfolios by frequently innovating new solutions.
Additionally, an upsurge in the commercial constructions across the globe should further stimulate the adoption of aluminum curtain walls through the forecast timeframe. In fact, despite the lockdowns across the world due to the COVID-19 pandemic, global construction activities are projected to grow tremendously. According to the World Economic Forum, population of the globe’s urban regions is growing by over 200,000 individuals per day, which is creating a need for more affordable housing and social, utility and transportation infrastructure.
With reference to system type, the aluminum curtain wall market is bifurcated into unitized, semi-unitized, and stick-built systems. Of these, the unitized curtain wall system dominated the market share, holding approximately 62% of the overall industry share in 2019. The segment is likely to foresee similar growth trends due to the increasing installations of these systems across commercial buildings. This demand is attributed to the number of benefits they offer, including low labor cost, low installation cost, high energy efficiency, and speedy installations.
In terms of application, commercial segment will account for more than 90% of the total market share by the end of the analysis timeline. It is likely to remain an important investment avenue in emerging economies owing to rapid urbanization and industrialization. In addition, residential application segment is anticipated to witness substantial growth over the coming years. This can be ascribed to rising awareness towards energy efficient products across residential buildings, thereby driving the demand for curtain walls.
The competitive landscape of the aluminum curtain wall market is inclusive of players such as Capitol Aluminum & Glass Corporation, Arcat, Extech Exterior Technologies, Arcadica, ALUMIL, Kawneer, Hansen, EFCO corporation, Sapa Building Systems Ltd., Reynaers, YKK AP America, Petra Aluminum, and C.R. Laurence Co. among others.
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Some Point from Table of Contents:
Chapter 4. Aluminum Curtain Wall Market, By System Type
4.1. Global aluminum curtain wall market share by system type, 2019 & 2026
4.2. Stick-built system
4.2.1. Market estimates and forecast, 2016 - 2026
4.2.2. Market estimates and forecast, by region, 2016 - 2026
4.3. Unitized
4.3.1. Market estimates and forecast, 2016 - 2026
4.3.2. Market estimates and forecast, by region, 2016 – 2026
4.4. Semi-unitized
4.4.1. Market estimates and forecast, 2016 - 2026
4.4.2. Market estimates and forecast, by region, 2016 - 2026
Chapter 5. Aluminum Curtain Wall Market, By Construction Type
5.1. Global aluminum curtain wall industry share by construction type, 2019 & 2026
5.2. Refurbishment
5.2.1. Market estimates and forecast, 2016 - 2026
5.2.2. Market estimates and forecast, by region, 2016 - 2026
5.3. New construction
5.3.1. Market estimates and forecast, 2016 - 2026
5.3.2. Market estimates and forecast, by region, 2016 - 2026
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