Global Aluminum Curtain Wall Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
The global aluminum curtain wall market is expected to witness a CAGR of around 9%, to reach at USD 20 billion over the forecast period.
The global aluminum curtain wall market is witnessing a substantial rise over, the past few years, due to the burgeoning construction sector. There is sustainable growth in the overall construction industry that is observing a considerable number of residential and commercial projects due to the rise in disposable income.
Moreover, factors such as the technological advancements in the manufacturing techniques and the unitized type of the aluminum curtain wall that offers better-quality control, efficient infiltration, and less installation time are escalating the market, globally.
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Considering the exponential growth that the market witnesses currently, Market Research Future (MRFR), in its recently published study report asserts that the global aluminum curtain wall market will garner a valuation of USD 20 BN by 2023, registering a CAGR of 9% throughout the forecast period (2018 – 2023).
Additional factors such as the increasing urbanization and increasing investments predominantly led by the improving economic conditions are predicted to foster the growth of the market over the assessment period.
Increasing focus on innovation in sustainable construction practices and the development of energy saving solutions are some of the key trends in the construction industry, which is also expected to fuel the growth of the aluminum curtain wall market during the forecast period, creating the demand for advanced materials and improved moisture management solutions.
Ever-increasing population worldwide is dramatic in many developing countries, particularly India and China, which represents a major driver for the absorption of aluminum curtain walls in the rapidly erecting residential building and remodeling and renovation projects. This, as a result, fosters the growth of the aluminum curtain wall market, increasing the size of the construction market.
On the flipside, volatility in the prices and the demand and supply gap in the materials are some of the major factors projected to obstruct the growth of the market during the assessment period.
Global Aluminum Curtain Wall Market – Competitive Analysis
Highly competitive, the Aluminum Curtain Wall Market appears to be fragmented as many large and small-scale players are churning the competition in the market. These players incorporate strategic initiatives such as collaboration, acquisition, partnership, expansion, and technology launch to sustain their position in the market.
They strive to offer on-site coordination that ensures a quick turnaround. To achieve this goal, these players figure out the changing requirements of customers and use advanced technology that pushes the product to new extremes of performance.
The high growth potential that the market demonstrates attracts several new entrants, which result in intensifying the completion further. Matured players are substantially investing in R&D to bring out improvements in the existing product.
Key players leading the aluminum curtain wall market include Enclos Corporation (US), ALUMIL (Greece), GUTMANN AG (Dubai), Aluplex (India), HansenGroup Ltd. (UK), Josef Gartner GmbH (Germany), EFCO Corporation (US), Alutech Systems Ltd (UK), Heroal (Germany), Kalwall Corporation (US), and HUECK System GmbH & Co. KG (Germany) among others.
Industry/ Innovations/ Related News
May 28, 2019 —- Suntuitive Dynamic Glass (the US), a leader in the most adopted dynamic glass technology announced the expansion of its partnership agreement with MANKO Window Systems Inc. (the US), a leading manufacturer and marketer of commercial window systems and curtain wall systems, offering architectural products, including aluminum framing products.
The addition of Manko window systems to its certified fabricator program and as an exclusive distributor in specific territories, the agreement will extend suntuitive’s market penetration through Manko’s fabrication and geographic footprint.
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Global Aluminum Curtain Wall Market – Segments
For a better understanding, the report is segmented into three key dynamics:-
By Type : Stick-built, Semi-unitized, and Unitized.
By Application : Residential and Non-residential.
By Region : Asia Pacific, Europe, North America, and the Rest-of-the-World.
Global Aluminum Curtain Wall Market – Geographical Analysis
Well-developed regions, North America and Europe, heading with the rapid industrialization and huge technological advancements, would continue to lead the global aluminum curtain wall market over the forecast period. The rapidly developing industrialization and growing adoption rate in the flourishing construction industry are some of the factors fostering market growth in these regions.
Countries such as the US, the UK, Germany, and France are increasing investment in the construction domain, which, as a result, increase the size of the regional market. Furthermore, factors such as the availability of funds, strong government support, and rising demand for high-quality aluminum curtain walls from the building and construction sector substantiate the growth of the market in these regions.
Additionally, the well-developed economy in these regions plays a vital role in the growth of the market, increasing consumers’ purchasing power, and leading to the growth of many industries.
The Asia Pacific aluminum curtain wall market is emerging as a promising market globally. Factors such as the rapidly improving economy in the region alongside the increased investments by governments and the presence of major players in the region would support the growth of the regional market.
Additionally, huge investment made into bringing more innovations in the manufacturing techniques of aluminum curtain wall would foster the growth of the regional market. Besides, rapid industrial growth and the technological advancements in the burgeoning construction industry in the region are, in turn, fuelling the growth of the market.
The increased spending in the construction sector that is witnessing exponential growth of the residential & non-residential industry is also propelling the demand for the aluminum curtain wall market. Rapidly developing countries such as China and India that are increasingly using aluminum curtain wall fuel the growth in the aluminum curtain wall market in the region.
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