According
to a new study published by Polaris Market Research the aluminum
curtain wall market is anticipated to reach over USD 55.3
billion by 2026. In 2017, the unitized curtain wall segment dominated the
global market, in terms of revenue. Asia-Pacific is expected to be the leading
contributor to the global market revenue during the forecast period.
Several stringent energy
consumption regulations passed by governments worldwide have boosted the
adoption of aluminum curtain walls across the globe. Growing concerns regarding
environment, increasing trend towards energy efficient buildings, and moisture
management required in commercial buildings further support the growth of this
market. Additionally, the increasing acceptance of green buildings and reducing
operation costs would boost market growth during the forecast period. Other
factors supporting market growth include supportive government regulations,
increasing awareness, and technological advancements. Increasing investments by
vendors in technological advancements coupled with research and development
further boost the market growth.
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The demand for aluminum curtain
walls has increased over the years owing to increasing energy concerns, and
environment consciousness across the globe. The lower operation costs,
installation costs, energy efficiency, and high quality are features offered by
aluminum curtain walls, which has increased its adoption. Limited awareness
among consumers has limited the adoption of these curtain wall systems in the
past. However, with significant government initiatives and substantial
investments, the adoption of aluminum curtain walls has accelerated
significantly.
Asia-Pacific
generated the highest revenue in the market in 2017, and is expected to lead
the global market throughout the forecast period. The increasing demand of
aluminum curtain wall in the region is owing to increasing trends of energy
efficient buildings, and rising environmental concerns. Public structures
commercial buildings are adopting aluminum curtain walls owing to stringent
government regulations regarding energy usage, and the need to reduce operation
costs. Numerous key players have adopted partnership and expansion strategies
to increase their market share in aluminum curtain wall markets of the
Asia-Pacific region.
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The different types of aluminum
curtain walls available in the market include stick-built, unitized, and
semi-unitized. In 2017, the unitized aluminum curtain wall segment accounted
for the highest market share. Use of unitized aluminum curtain wall offers
benefits such as increased energy efficiency, reduced operational cost, lower
installation costs, reduced labor costs, and enhanced protection.
The well-known companies profiled
in the report include EFCO Corporation, HansenGroup Ltd., Kalwall Corporation,
National Enclosure Company, Sapa Building Systems Ltd., Ponzio Srl, Kawneer
Company, Inc., Josef Gartner GmbH, GUTMANN AG, Alumil Aluminium Industry S. A,
HUECK System GmbH & Co. KG, and Schüco International among others. These
companies launch new products and collaborate with other market leaders to
innovate and launch new products to meet the increasing needs and requirements
of consumers.
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