Top Boosters and Main Barriers
As per MRFR’s impact analysis on COVID-19, the pandemic has managed to cripple almost every industry. Although construction activities are continuing despite the short-term impact, site work can slow down due shortage of subcontractors and materials, termination of contracts to control expenses and supply chains disruption. Till the time a COVID-19 breakthrough is not achieved, companies are clamoring to adopt the best response to the crisis in the form of mergers and acquisitions. Potential long-term impact of COVID-19 can be the economic loss, weakening the government's capacity to invest in infrastructure and various construction activities. Moreover, the lockdowns imposed in the wake of the outbreak has pegged back the demand for construction-based markets such as aluminum curtain walls market.
The aluminum curtain wall market occupies a market value of about 9% CAGR where it projects at USD of about 20 billion during the market forecast period (2022-2030).
Having said that, experts believe that the aluminum curtain wall market can note robust growth in the coming few years, on account of the mounting need to secure the outside walls of business infrastructures such as workplaces and industrial facilities. These types of curtain walls find major applications in commercial and residential buildings as they help prevent water and air infiltration, support weight of the dead load forces, and bear extreme wind loads. The rampant demand for lightweight curtain walls and the rising preference for low-cost metals with excellent sustainability also boost the business prospects.
The combined efforts by various government bodies to develop green buildings can also escalate the demand for aluminum curtain walls. Government incentives along with the increasing promotion and awareness with regard to green brands can mean excellent business for the green buildings industry. The favorably expansion of the green building industry can be one of the top trends in the aluminum curtain wall market. Curtain wall systems are also touted to be highly attractive commodities in construction activities based on the advantages they offer, such as low Greenhouse Gas emissions and high-energy efficiency, to mention a few.
Market Segmentation
The global aluminum curtain wall market has been considered for type and application.
The types of aluminum curtain wall are semi-unitized, unitized and stick-built, while the application-based segments covered in the market review are residential as well as non-residential.
The unitized type of aluminum curtain walls was the top segment in 2017, in view of their efficient infiltration, less installation time and better-quality control properties. Better energy efficiency, high reliability and low labor cost are some more features that pertain to unitized types and are responsible for boosting their demand in the market.
The commercial application leads the market, as confirmed in 2017. The commercial application of aluminum curtain walls is increasing owing to the fast expansion rate of multi-national companies as well as manufacturing units across the world. Increasing spending on infrastructure developments by leading corporates also increases the uptake of aluminum curtain walls within the commercial segment.
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Regional Study
The global aluminum curtain wall market has been segmented into regions of North America, Europe, Asia-pacific, and Rest of the world (RoW).
North America together with Europe occupied the most significant portion of the global market in 2017, and can maintain the winning streak throughout the given period. The sizeable amounts generally invested in research and development (R&D) to develop better quality products as well as materials in the U.S and the U.K among other countries is one of the major growth boosters in the market. Extensive demand among end-users for sustainable curtain walls that brings down the pollution level and enhance moisture resistance in extreme precipitation locations also induces market growth in these regions.
After the above mentioned regions, the APAC market is a strong contender on a global scale. The market growth within the region is largely promoted by the fast urbanization rate and the escalating disposable income of the masses in India, Japan, Thailand and China. A large number of countries in the region are now more focused on the construction of eco-friendly business structures, which is touted to be a lucrative opportunity for the market players in the following period.
Key Players
Heroal (Germany), Kalwall Corporation (US), Alutech Systems Ltd (UK), HUECK System GmbH & Co. KG (Germany), EFCO Corporation (US), GUTMANN AG (Dubai), ALUMIL (Greece), Enclos Corporation (US), HansenGroup Ltd. (UK), Josef Gartner GmbH (Germany), Aluplex (India), are some of the noteworthy players in the aluminum curtain wall industry.
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