Cladding has become an integral part of buildings to protect them against external weather. The need for sustainable materials to manage energy consumption of buildings has led real estate developers to use aluminum curtain walls. Aluminum curtain walls act as structural support of the building and are preferred owing to their resistance to high wind loads. Coupled with glazing, these beams also assist in considerably reducing the energy load of buildings.
Utilization of Sustainable Materials for Construction
Major application segments, which require aluminum curtain walls are commercial and residential buildings. The commercial segment is anticipated to exhibit a CAGR above 9 % over the forecast period (from 2017 to 2025) on account of rising product demand in malls and recreational arenas. Rise in disposable incomes of consumers and interest in shopping is projected to drive segment demand. Aluminum curtain walls play an integral role in lowering the energy expenses of malls and commercial complexes. The Grand Island Regional Hospital, a local healthcare center, in the U.S. has utilized curtain walls to increase its aesthetic value while minimizing the overall energy costs.
The residential segment is expected to exhibit a CAGR above 7 % during the forecast years due to the recovering real estate sector in the U.S. and rise of infrastructural projects in developing economies. Fornebuporten, a cluster of residential and office buildings in Norway, has used aluminum curtain walls to accumulate and spread maximum light within rooms.
Market Overview
The global aluminum curtain wall market size is projected to reach at USD 53.2 billion by 2025, according to a report by Grand View Research, Inc. It is expected to expand at a CAGR exceeding 7 % from 2017 to 2025 due to growing need for sustainable materials. The market is expected to sustain a steady demand as a result of the growing number of sports arenas and commercial complexes like shopping malls. Moreover, government subsidies on implementation of aluminum curtain walls and rapid infrastructural development in developing regions like China and India can also bolster market demand in the years to coome. Some of the prominent market players include HansenGroup Ltd., EFCO Corporation, Alumil Aluminium Industry S.A., and GUTMANN AG.
Read more at: https://www.grandviewresearch.com/industry-analysis/aluminum-curtain-wall-market
Read more at: https://www.grandviewresearch.com/industry-analysis/aluminum-curtain-wall-market
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