According to research study by FortuneBusiness Insights™ The global aluminumcurtain wall market size is expected to reach USD 62.22 billion by 2027,exhibiting a CAGR of 8.0%during the 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 “Aluminum Curtain 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 billion in2019. 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 inAluminum Extrusionby Key Players to Boost Sales Opportunities
Aluminum extrusion is utilized in themanufacturing 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. Furthermore, the launch
of innovative curtain wall systems by renowned companies will subsequently
bolster the healthy growth of the market in the forthcoming years. For
instance, in October 2019, Kawneer Company Inc, an American manufacturer of
architectural aluminum systems and products for the commercial construction
industry announced the launch of a new 1620UT/1620UT SSG Curtain Wall system.
The system is designed with polymer separator and accommodates 1"
insulating glass to endure during high thermal climate. Additionally, mullion
depth options offer both aesthetic and structural choices, giving the design
team flexibility. 1620UT/1620UT SSG Curtain Wall system was tested as per the
United States and Canadian standards.
Market Restraint:
High Installation Cost of Curtain Wallsto Impede Market Revenue
The high cost involved in transportingand 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. Similarly, the necessity
for the sealant to be replaced over some time to keep the product quality. The
aluminum frames are mostly anodized which further requires proper cleaning as
the detergents used to clean the frames can affect the coating surface. The
necessity of high skilled laborers to install curtain walls can be a critical
factor in restricting the growth of the market. Besides, the unfavorable
weather conditions lead to a major delay in installing curtain wall systems,
which, in turn, will further obstruct the growth of the market.
