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 33.76billion in 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 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 innovativecurtain 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 anodizedwhich 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.
