Impact of Covid-19 Outbreak on Aluminum Curtain Wall Market

26/giu/2020 11:03:59 Automotive Market Research Reports Contatta l'autore

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With the construction sector continuing to witness an impressive growth, especially in emerging economies, demand for construction materials remains robust. This is a major factor influencing the global aluminium curtain wall market. Market Research Future (MRFR) in its report mentions that the global aluminum curtain wall market is set to surge at 9% CAGR from 2018 to 2023. At the projected growth rate, the market is likely to touch a valuation of USD 20 Bn by the end of assessment period.  

Growing demand for housing, development of new offshore manufacturing facilities, and infrastructure development or remodelling projects are some of the key market drivers. Over time, construction materials have witnessed tremendous technological evolution. Likewise, aluminum curtain walls have also undergone phases of the innovation, which has led to expansion of application base and increased reliability. Higher emphasis is being placed on development of materials that support energy saving and environmental preservation. These trends are likely to influence the market’s development in the forthcoming years. Companies are also likely to focus on product innovation during the forecast period.

Global Aluminum Curtain Wall Market: Segmental Analysis

MRFR’s report includes a detailed segmental analysis of the market based on application and type.

By application, the market has been segmented into non-residential and residential. The non-residential segment currently holds a predominant position in the market and is likely to remain highly attractive during the review period. Growth of end use verticals such the manufacturing sectors and corporate offices have boosted non-residential applications of aluminium curtain wall. Construction of new office spaces coupled with the expansion of the manufacturing sector is supporting the market growth. The segment is also receiving impetus from the increased corporate spending across the globe. Such factors have provided a shot in the arm for the global aluminium curtain wall market.

By type, the market has been segmented into unitized, semi-unitized and stick-built. The unitized segment currently represents a considerable share of the market and is likely to remain highly profitable over the next several years. Preference for unitized aluminium curtain wall is relatively higher due its attractive features such as less installation time, efficient infiltration and better-quality control. The advantages of using unitized aluminium curtain wall include high reliability, increase energy efficiency and low labour cost. Demand for unitized curtain wall is expected to high during the assessment period.

Global Aluminum Curtain Wall Market: Regional Analysis

On the basis of region, the market has been segmented into Asia-Pacific (APAC), Europe, North America and rest of the world (RoW). Europe and North America collectively account for the largest market share. These two regions are expected to remain highly attractive during the assessment period. This is mainly owing to the strong demand for aluminium curtain wall from end use sectors. Moreover, many global market participants are based in these two regions, which remains a favourable factor.

The APAC is projected to emerge as a key destination for market players in the coming years. Market growth in the region is being fostered by macroeconomic factors such as rapid industrialization and a fast-expanding consumer base. Given the rising construction activities demand growth is likely to advance at a higher trajectory. Additionally, market opportunities are expected to rise from the increasing investment in infrastructure development in the region.

Global Aluminum Curtain Wall Market: Competition Analysis

MRFR in its report has profiled some of the top-notch companies operating in the global market for aluminium curtain wall market, which include Enclos Corporation (US), HansenGroup Ltd. (UK), Josef Gartner GmbH (Germany), EFCO Corporation (US), Kalwall Corporation (US), ALUMIL (Greece), Aluplex (India), HUECK System GmbH & Co. KG (Germany), Alutech Systems Ltd (UK), GUTMANN AG (Dubai), and Heroal (Germany).

 

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