Accordingto research study by Fortune Business Insights™ The global aluminumcurtain wall market size is expected to reach USD 62.22 billion by2027, 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 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.
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Market Driver:
Rising Investment inAluminum Extrusion by Key Players to BoostSales Opportunities
Aluminumextrusion is utilized in the 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.
Market Restraint:
High Installation Cost of Curtain Walls to Impede Market Revenue
Thehigh cost involved in transporting 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. 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.
Major Regional Analysis:
Booming Construction Industry to Augment Growth in AsiaPacific
Themarket in Asia Pacific generated a Revenue of 6.42 billion in 2019. The growth
in the region is attributed to the flourishing construction industry in
emerging nations such as China and India. The abundantly availably aluminum
will enable speedy expansion of the market in the forthcoming years. According
to the India Brand Equity Foundation (IBEF), India is projected to become the
third-largest construction market by 2025. Additionally, favorable government
regulations will further aid the expansion of the market in Asia Pacific. For
instance, in June 2015, the Indian government announced the Smart Cities
Mission to improve the core infrastructure of the selected cities across the
country.
