Accordingto research study by Fortune Business Insights™ The global aluminum curtain wall market size is expected to reach USD 62.22 billionby 2027, exhibiting a CAGR of 8.0% duringthe forecast period. The increasing awareness regarding the advantages of ACW
in buildings such as temperature control, sound insulation, and impact
resistance will accelerate the Aluminum Curtain Wall growth during the forecast
period. The modernizing of existing buildings will spur demand for aluminum
curtains owing to its eco-friendly nature and flexible design, which, in turn,
will augur well for the market, states Fortune Business Insights in a report,
titled “AluminumCurtain Wall Market Size, Share & Industry Analysis, By Product Type
(Stick-built, Unitized, and Others), By Application (Commercial Buildings and
Residential Buildings) and Regional Forecast, 2019-2027” the market size stood at USD 33.76 billionin 2019. The inclination towards aluminum due to its recyclable functionality
will enable speedy expansion of the market. For instance, in the U.K. over 99%
of aluminum frames are recovered from construction waste, which helps in waste
reduction and thus, supports the environment.
Market Driver:
Rising Investment in Aluminum Extrusion by Key Players toBoost Sales Opportunities
Aluminum extrusion is utilized inthe manufacturing of curtain walling systems. The rising investment by eminent
companies to expand their existing Aluminum extrusion capacities will
positively impact the market in the forthcoming years. For instance, in June
2018, HAI Extrusion Germany GmbH, a global leader
in extruded sections including aluminum, machining, and surface
treatment announced that it has strategically invested around US$ 15 million to
establish 3300-ton Aluminum extrusion press in Germany. The investment will
help the company to better serve the consumers in construction as well as
industrial sectors with high-quality Aluminum profiles.
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Market Restraint:
High Installation Cost of Curtain Walls to Impede Market Revenue
The high cost involved intransporting and storing curtain walls leads to an overall elevated cost of
aluminum curtain walls, which in turn, will hamper the growth of the market.
Periodical maintenance is essential to preserve the aesthetical appeal intact,
thus the perpetual maintenance leads to extraordinary costs.
