Global Curtain Walls Market - Overview
The Curtain Walls Market Size is projected to be worth USD 151.4 Billion by 2030, registering a CAGR of 9% during the forecast period (2022 - 2030), The market was valued at USD 60.6 billion in 2021, reveals the latest Market Research Future (MRFR) report. Curtain walls help in protecting the building against harsh outdoor elements. These walls protect the building from natural elements, with these being a building’s outermost structures. Curtain walls are lightweight and thin and made from glass and aluminium. These walls are cost-effective options for the outermost casing of a building due to the usage of lightweight materials. Semi-unitized, stick-built, and unitized are its different systems that have wide applications in various commercial and residential sectors.
Various factors are fuelling the global curtain walls market growth. As per the recent MRFR market estimates, such factors include the growth in commercial and residential construction sectors, constant increase in urbanization, supportive government regulations, strict environmental regulations, growing need for energy-efficient façade systems, increasing green building initiatives in the construction industry, growing construction of high-rise buildings, and the growing awareness of the different benefits of curtain walls such as aesthetically pleasing, slows the spread of fire, and thermal efficiency. The additional factors adding market growth include the focus on energy preservation, growing awareness about climatic changes, new vendors incorporating new technologies to offer these walls with solar panels, growing demand for eco-friendly infrastructure, rising awareness about environmental concerns, rapid urbanization and rising disposable income.
On the contrary, the impact of the COVID-19 pandemic, high maintenance, and high installation costs may impede the global curtain walls market growth over the forecast period.
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Global Curtain Walls Market – Prominent Players
Alumil (Greece),Guardian Glass LLC (US),HUECK System GmbH & Co. (Germany),Reynaers (Belgium),Heroal (Germany),Avic Sanxin Co. Ltd. (China),Ponzio (Italy),Gutmann AG (UAE),Saint Gobain (France),Kalwall (US),EFCO Corporation (US),HansenGroup (Denmark),Aluplex (India),Kawneer (US) are global Curtain Walls Market key players are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Curtain Walls Market.
Growth Enhancers and Top Barriers
In the construction industry, tiling has become quite integral, especially given the increasing commercial and residential construction activities across the world. Tiling has significant applications in residential as well as commercial infrastructure such as hotels, hospitals. Tiling and therefore tiling grouts have become extremely prevalent across transportation infrastructure like railway stations and airports. Tiles along with rugs and carpets, laminates and wood has become a highly essential component in the construction industry worldwide, which can mean favorable growth prospects for the Curtain Walls Market.
The escalating number of residential projects, in light of the expanding global population along with the rapidly expanding hospitality and tourism industry present lucrative opportunities to the renowned market firms around the world. Numerous emerging economies such as India and China are focusing extensively on catering to the rising employment demand as well as the accelerated demand for more affordable homes, as urbanization rate is soaring every year. In a nutshell, the promising boost in the number of housing construction projects can lead the Curtain Walls Market to greater heights between 2019 and 2025.
It is anticipated that out of all the types of Curtain Wallss, epoxy grout has gained maximum impetus in the worldwide market. This trend will remain prevalent throughout the evaluation period, as epoxy tile grounds are known for their superior strength as well as high chemical resistance, rendering it highly versatile and ideal for a number of special applications. Moreover, as in the case of other types of grouts that require frequent cleaning, the epoxy resins’ non-porous property prevents collection of grime, moisture or dirt, which is another property that adds to its appeal among the end-users. Although epoxy Curtain Walls can be quite challenging in terms of installation, it still remains ahead of other segments due to extended longevity with better cleaning techniques.
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Curtain Walls Market - Segments:
The MRFR report throws light on an inclusive segmental analysis of the global curtain walls market based on end use, system, and construction type.
By construction type, the global curtain walls market is segmented into refurbishment and construction. Of these, the new construction segment will lead the market over the forecast period for its preferred modern architecture.
By system, the global curtain walls market is segmented into semi-unitized, stick-built, and unitized. Of these, the unitized segment will dominate the market over the forecast period for minimal installation time, efficient water and air filtration, and improved quality control.
By end use, the global curtain walls market is segmented into commercial and residential. The commercial segment is again bifurcated into office spaces, educational centers, shopping malls and centers, healthcare, hospitality, and others. Of these, the commercial segment will spearhead the market over the forecast period for its wide application in office spaces, educational centres, shopping malls, healthcare, and hospitality.
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Curtain Walls Market - Regional Analysis:
By region, the global curtain walls market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, South America, and the Middle East and Africa (MEA). Of these, the APAC region will have the lions share in the market over the forecast period. Increase in global FDI inflow, the availability of low-cost land and labor, growth of the construction industry, and rise in construction activities, India and China attracting investments by undertaking different development projects, are adding to the global curtain walls market growth in the region. Besides, high expenditure on construction and infrastructure projects, growing population, rise in residential activities, and the presence of some top industry players in the region are also adding market growth.
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