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Aluminum Curtain Wall Market Expected to Reach USD 73.3 Billion by 2031, Growing at a CAGR of 7.4%

11-11-2024 02:35 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Aluminum Curtain Wall Market Expected to Reach USD 73.3 Billion

The aluminum curtain wall market has seen substantial growth over the past decade, driven by increased investments in residential and commercial construction in both developed and emerging economies. The market's expansion is also attributed to the benefits aluminum curtain walls offer over alternative façade materials. In 2021, the unitized segment led the market in revenue, mainly due to its faster installation process. Additionally, the new construction segment generated higher revenue in 2021 based on installation type, while the commercial buildings segment is expected to grow at a higher CAGR during the forecast period due to rising investments in office buildings, shopping malls, and other commercial spaces.

According to a report by Allied Market Research, the aluminum curtain wall market was valued at $35.3 billion in 2021 and is projected to reach $73.3 billion by 2031, with a CAGR of 7.4% from 2022 to 2031.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲:
https://www.alliedmarketresearch.com/request-sample/A07983

The primary types of aluminum curtain walls include stick-built, semi-unitized, and unitized systems, with the unitized segment accounting for the largest market share in 2021 due to its quick and efficient installation. Demand for new construction also drove revenues, as rapid urbanization and increased construction of buildings spurred growth in the new construction segment. End-users are segmented into residential and commercial buildings, with market growth largely driven by the surge in construction activity associated with urbanization. However, fluctuations in raw material costs pose a challenge to market growth.

In 2021, Asia-Pacific led the global aluminum curtain wall market in revenue and is anticipated to experience the highest CAGR in the coming years, driven by a boom in commercial building projects across the region. The growth in global population and urbanization has bolstered the building construction sector, creating strong demand for aluminum curtain walls. Aluminum's lightweight, corrosion resistance, and manufacturability give it an edge over other façade materials.

Commercial buildings are projected to be a key growth area due to increasing urbanization and job opportunities in the service sector, which is fueling demand for office and retail spaces. Key players in the industry are actively pursuing strategies such as acquisitions to expand market reach and product portfolios. For example, in March 2022, Extech/Exterior Technologies Inc. acquired Martin Metal LLC, which expanded Extech's façade and dynamic wall system offerings, enhancing its profitability and market presence.

The COVID-19 pandemic temporarily impacted the aluminum curtain wall market, with many companies in countries like China, the U.S., and India halting operations due to lockdowns. This led to a supply chain shortage of raw materials and manpower, directly affecting sales. However, as pandemic restrictions eased and vaccinations rolled out, the market has seen a strong recovery.

𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐖𝐢𝐭𝐡 𝐓𝐎𝐂: https://www.alliedmarketresearch.com/aluminum-curtain-wall-market-A07983

Key Findings of the Study
Type Segment: The unitized segment held the largest revenue share in 2021 and is anticipated to grow at a significant CAGR.
Installation Segment: New construction generated higher revenue in 2021.
End-User Segment: Commercial buildings dominated the market in 2021 and are expected to continue growing rapidly.
Regional Insights: Asia-Pacific is forecasted to achieve the highest growth rate in the coming years.
Competitive Landscape: Key players profiled in the report include Apogee Enterprises, Inc., C.R. Laurence Co., Inc., Capitol Aluminum & Glass Corporation, DMC Global (Arcadia, Inc.), Extech Exterior Technologies, Inc., Hansen Group, Kawneer, Inc., Petra Aluminum, Reynaers Aluminum, and Technal UK.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry

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