Aluminum Curtain Wall Market

Market Overview

The global aluminum curtain market size was valued at USD 29,302.1 million in 2021. It is projected to reach USD 67,692.34 Million by 2030, growing at a CAGR of 9.75% during the forecast period (2022-2030).

In various residential and commercial building types, aluminum curtain walls are used to withstand wind loads, resist air and water infiltration, sustain the dead load weight forces of the building, and for other purposes. Due to the rising demand for lightweight curtain walls in construction projects and the shift toward low-cost metals with high sustainability, the market is anticipated to experience significant growth. Although there are no indicators that the surge in construction spending will slow down, the move toward using sustainable building materials has made it possible to create energy-efficient structures at reasonable rates. The demand for aluminum curtain walls is predicted to increase due to these causes.

Market Dynamics

Global Aluminum Curtain Wall Market Drivers

Growing Construction Sector

The development and growth of the nation's economy depend heavily on the construction industry. It can be approached as a method of providing millions of unskilled, semi-skilled, and skilled workers with jobs. The fastest-growing sector of the economy is construction, and there are no indications that it will slow down any time soon. Due to the world's growing urbanization and population expansion, there is a growing demand for both residential and non-residential buildings. The degree of construction activity in these sectors is rising due to developing countries' goals for the rapid development of both the industrial and commercial sectors.

Since significant expenditures are being made to create the necessary infrastructure, which has drawn significant investments from foreign firms, the global green building industries exhibit considerable development potential. Additionally, it is projected that increasing technical understanding of green buildings would fuel the market expansion for aluminum curtain wall systems. Green Globe Certification and Leadership in Energy and Environmental Design are two critical rating systems that monitor a building's environmental impact (LEED). Under both systems, the acquisition of credits is considerably aided by construction films and comparable content.

Development of Megalopolises

There is a significant migratory trend in the US toward the growing megalopolises. In search of greater possibilities, people are moving away from the traditional northeastern corridor of municipalities and into the emerging megalopolises, such as the Great Lakes and the Midwest. While there are many upscale business centers in cities like Boston, New York City, and Philadelphia, people are also moving to cities like Pittsburgh and Cincinnati, which are nearer to Chicago. One of the urban areas with the quickest growth is the Texas Triangle. Recent changes in the Research Triangle and population shifts to nearby cities like Atlanta and Charlotte are also responsible for Texas Triangle's expansion.

People have already been drawn to California by the development of Silicon Valley. Furthermore, the construction of a high-speed rail link between Los Angeles and San Francisco is anticipated to ease travel to the southern regions of the United States. Such a continuous influx of people would compel the government to provide appropriate funding to construct more recent megalopolises. Residential and commercial construction would grow as new homes and businesses are created for migrants.

Global Aluminum Curtain Wall Market Restraint

High Installation and Maintenance Cost

Installation of an aluminum curtain wall system necessitates careful planning. The initial cost per square meter is calculated by estimating the volumes of bonding and mechanical fastening materials necessary for a specific project. The perimeter sealant joints and flexible flashings must also be frequently inspected and analyzed after installation because adverse weather conditions can cause these materials to degrade and increase the risk of water and moisture retention. Additionally, steel and other metals used in aluminum curtain wall systems are frequently susceptible to oxidation, which may result in instability over a longer time.

Periodically, aluminum curtain walls need to be painted or anodized. Fluoropolymer coatings that have been factory applied are resistant to environmental degradation and thus need to be cleaned regularly. Aluminum frames that have been anodized cannot be re-anodized, but transparent coatings can increase their toughness and aesthetic appeal. Depending on the type of coating, different maintenance procedures must be followed, which offers the possibility of error.

Global Aluminum Curtain Wall Market Opportunities

Advancements in Manufacturing Technology

Aluminum curtain wall system producers make a lot of effort to meet consumer requests. As a result, they are constantly experimenting with new raw materials and refining their production processes. New materials are being developed at the same time that manufacturing technology is evolving. In the Long-term, these advances would help the market for aluminum curtain walls. One of the most recent developments in the glazing business is incorporating various in-fill materials that are directly glazed into the curtain panels. Additionally, improvements in manufacturing engineering enable producers to use a variety of materials, including marble, granite, and stone, among others.

Aluminum curtain walls are advantageous in various ways other than just the aesthetic one. For instance, Low-E (Emissivity) glass is frequently used in curtain walls to prevent excessive heat absorption in the summer and limit heat loss during the winter. Modern aluminum curtain wall systems can also have exterior sun protection features like sunscreens and sunshades, which allow for better natural light use and eliminate the need for artificial lighting.

Regional Analysis

Asia-Pacific Dominates the Global Market

By regions, the global aluminum curtain wall market is segmented into four regions, namely North America, Europe, Asia-Pacific, and LAMEA.

Asia-Pacific is the most significant shareholder of the global aluminum curtain wall market and is expected to grow at a CAGR of 11.9% during the forecast period. The Asia Pacific region is expected to make up nearly half of the global construction market. The Asian markets are stable due to a healthy variety of construction items thanks to the aid provided by the government for most of the infrastructure development projects. The segment is also anticipated to increase significantly due to the rising demand for retail spaces.

Asia-Pacific, the world's largest market for curtain walls, will profit from the building and construction industry's explosive growth by making significant investments in smart city initiatives. Additionally, tourism has been significantly developed in nations like Malaysia, Thailand, and Singapore due to the hospitality sector's ongoing investments in resort and hotel renovations. The expansion and renovation of existing infrastructure is a top priority for governments in most of the region's emerging nations, including India, to promote both urbanization and industry.

North America is expected to grow at a CAGR of 7.60%, generating USD 16,559.53 million during the forecast period. The demand for aluminum curtain walls in this industry has been fuelled by the growing population bases in emerging economies and the housing recovery in North America. The quick rebound of the American housing market and an increase in residential construction activities can also be credited with the growth. In the upcoming years, the US will benefit significantly from substantial investments in comprehensive research and development operations for generating higher-quality products and materials. Strong demand from key end users for environmentally friendly curtain walls that reduce pollutant levels and improve moisture resistance in areas with a lot of precipitation will also accelerate market expansion.

Segmental Analysis

The global aluminum curtain wall market is divided by type and application.

Based on type, the global aluminum curtain wall market is segmented into stick-built, semi-unitized, and unitized.

The unitized segment is the highest contributor to the market and is expected to grow at a CAGR of 9.9% during the forecast period. Large modules that are pre-assembled and glazed in a factory before being shipped to the building site for installation make up a unitized curtain wall system. As the primary element of the building's exterior envelope, unitized curtain walls make thermal efficiency, sound transmission, and fire safety the system's primary performance objectives. Numerous advantages offered by the systems, including cheap labor costs, affordable installation prices, simplified site operations, improved energy efficiency, and excellent quality, can be attributed to their expansion.

The phrase "stick-built" describes a method in which each construction is put together piece by piece on site as opposed to being made of prefabricated parts. Stick-built wall solutions from NxtWall give installers the adaptability to handle any severity of previous and problematic site circumstances. As the system assembly takes place on-site, these systems enable simple connections detailing and larger tolerances in a building structure. Due to its labor-intensive field jointing needs and lengthy erection times, semi-unitized systems are predicted to increase at a moderate rate.

Based on application, the global aluminum curtain wall market is bifurcated into commercial and residential.

The commercial category dominates the market and is anticipated to grow at a CAGR of 10.1% during the projected period. Due to the rising demand for upscale entertainment, recreational, and shopping complexes, the commercial segment is projected to play a significant role in the economy. The segment is also predicted to experience significant expansion due to expanding consumer spending on goods and spaces for retail stores and rising disposable income.

The demand for aluminum curtain walls in this industry has been fuelled by the growing population bases in emerging economies and the housing recovery in North America. The prompt may also be responsible for the development resurgence of the US housing market and an uptick in home-building projects.

Recent Developments

• April 2022- The Quikrete Companies' three reinforced concrete pipe and box culvert operations in Houston, Dallas/Fort Worth, and San Antonio have been acquired by Oldcastle InfrastructureTM, a CRH firm.
• May 2022- The Alumil systems at the brand-new landmark, the Ellinikon Experience Center. The most anticipated project in the nation and one of Europe's most important ongoing projects is the urban renovation in Ellinikon. The public can now visit the Ellinikon Experience Center, which has captivated guests since it opened.