Aluminum Curtain Wall Market Share, Segmentation, Business Dynamics and Future Scope to 2028 |
According to research study by Fortune Business Insights™ The global aluminum curtain 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,
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 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 Restraint:
The high 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.
Major Regional Analysis:
The market 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.
Source:
https://www.fortunebusinessinsights.com/aluminum-curtain-wall-market-102782
