Market Analysis
The global curtain walls market in 2018 was valued at USD 45 billion and is likely to grow at a 9.2% CAGR between 2020- 2027, reveals the latest Market Research Future (MRFR) report. Curtain walls help in protecting the building against harsh outdoor elements. These walls protect the building from natural elements, with these being a building’s outermost structures. Curtain walls are lightweight and thin and made from glass and aluminium. These walls are cost-effective options for the outermost casing of a building due to the usage of lightweight materials. Semi-unitized, stick-built, and unitized are its different systems that have wide applications in various commercial and residential sectors.
Various factors are fuelling the global curtain walls market growth. As per the recent MRFR market estimates, such factors include the growth in commercial and residential construction sectors, constant increase in urbanization, supportive government regulations, strict environmental regulations, growing need for energy-efficient façade systems, increasing green building initiatives in the construction industry, growing construction of high-rise buildings, and the growing awareness of the different benefits of curtain walls such as aesthetically pleasing, slows the spread of fire, and thermal efficiency. The additional factors adding market growth include the focus on energy preservation, growing awareness about climatic changes, new vendors incorporating new technologies to offer these walls with solar panels, growing demand for eco-friendly infrastructure, rising awareness about environmental concerns, rapid urbanization and rising disposable income.
On the contrary, the impact of the COVID-19 pandemic, high maintenance, and high installation costs may impede the global curtain walls market growth over the forecast period.
Market Segmentation
The MRFR report throws light on an inclusive segmental analysis of the global curtain walls market based on end use, system, and construction type.
By construction type, the global curtain walls market is segmented into refurbishment and construction. Of these, the new construction segment will lead the market over the forecast period for its preferred modern architecture.
By system, the global curtain walls market is segmented into semi-unitized, stick-built, and unitized. Of these, the unitized segment will dominate the market over the forecast period for minimal installation time, efficient water and air filtration, and improved quality control.
By end use, the global curtain walls market is segmented into commercial and residential. The commercial segment is again bifurcated into office spaces, educational centers, shopping malls and centers, healthcare, hospitality, and others. Of these, the commercial segment will spearhead the market over the forecast period for its wide application in office spaces, educational centres, shopping malls, healthcare, and hospitality.
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Regional Analysis
By region, the global curtain walls market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, South America, and the Middle East and Africa (MEA). Of these, the APAC region will have the lions share in the market over the forecast period. Increase in global FDI inflow, the availability of low-cost land and labor, growth of the construction industry, and rise in construction activities, India and China attracting investments by undertaking different development projects, are adding to the global curtain walls market growth in the region. Besides, high expenditure on construction and infrastructure projects, growing population, rise in residential activities, and the presence of some top industry players in the region are also adding market growth.
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Key Players
The prominent players profiled in the global curtain walls market report include Reynaers (Belgium), Ponzio (Italy), Kawneer (US), Kalwall (US), HUECK System GmbH & Co. (Germany), GUTMANN AG (UAE), HansenGroup (Denmark), EFCO CORPORATION (US), heroal (Germany), Aluplex (India), Alumil (Greece), AVIC SANXIN CO., LTD (China), and GUARDIAN GLASS LLC (US), among others.
The global curtain walls market is highly fragmented and competitive in nature with the presence of several well-established domestic and international players. These industry players have used several strategies to stay ahead such as mergers and acquisitions, partnerships, collaborations, geographic expansions, and others. Further, they are also investing in research and development activities to cater to the burgeoning needs of the customers.
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