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Aluminum Curtain Wall Market Report 2024 - Aluminum Curtain Wall Market Growth And Trends
Aluminum Curtain Wall Market
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According to The Business Research Company's, The aluminum curtain wall market size has grown strongly in recent years. It will grow from $40.63 billion in 2023 to $44.51 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to urbanization, growing preference for modern and aesthetically pleasing designs, energy efficiency regulations, rise in industrial and commercial construction projects, investment in large-scale infrastructure projects.
The aluminum curtain wall market size is expected to see strong growth in the next few years. It will grow to $62.36 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to increased adoption of smart building, resilient building design, renewable energy integration, global connectivity, digitalization. Major trends in the forecast period include biophilic design, 3D printing technology, flexible workspace designs, zero net energy buildings, prefabrication and modular construction.
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Market Drivers and Trends:
An increase in construction activities is expected to propel the growth of the aluminum curtain wall market going forward. Construction refers to a building's floor area being dedicated to habitation and being recognized as a building. Aluminum curtain walls are used in commercial buildings and high-rise structures to enhance their thermal and solar management effectiveness in difficult climates. For instance, according to the report Global Construction 2030, published by Oxford Economics, a UK-based leader in global economic forecasting and econometric analysis, the volume of construction output is expected to grow by 85% by 2030. Thus, the increasing residential construction activity is driving the growth of the aluminum curtain wall market.
Product innovations are a key trend gaining popularity in the aluminum curtain wall market. Major companies operating in the construction sector are focused on developing new solutions for aluminum walls to strengthen their position in the market. Renewable energy systems can be mounted against and incorporated into building façades that ensure the harmonic integration of photovoltaics. Due to the benefits of solar façades, businesses are concentrating on creating innovative and sophisticated solar façades. For example, in March 2022, Mitrex, a Canada-based solar technology manufacturer, launched the solar brick. This brick-like surface with integrated solar panels has a similar appearance to a brick wall, 330W solar panels, which are built similarly to Mitrex's other building-integrated photovoltaic (BIPV) panels, can be used to create Mitrex solar brick façades. The panels are made of layers of solid aluminum sheets backed by an aluminum honeycomb, which makes them strong and lightweight. In Toronto's Etobicoke neighborhood, Mitrex solar façades are being tested on various structures.
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• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Arconic Corporation, Josef Gartner GmbH, Umicore Building Products USA Inc., Schüco International, Vitro S.A.B. de C.V., Oldcastle BuildingEnvelope, Kawneer Company Inc., Permasteelisa North America Corp., Sapa Building Systems Ltd., Alumil S.A., Reynaers Aluminium Ltd., GUTMANN AG, Harmon Inc., HUECK System GmbH & Co. KG, YKK AP America Inc., EFCO Corporation, Curtain Wall Design & Consulting Inc., Alumicor Limited, Linetec Services LLC, HansenGroup Limited, National Enclosure Company LLC, Goldray Industries Ltd., CMI Architectural Products, Inc., Kalwall Corporation, Wausau Window and Wall Systems, Laws Stained Glass Studios Inc., Aluplex India Pvt. Ltd., Technal SAS, Tubelite Inc., Mapier Group Ltd., Aldora Aluminum and Glass Products Inc., PRL Glass Systems Inc., Lixil Corporation, AGC Inc.
Aluminum Curtain Wall Market 2024 Key Insights:
• The aluminum curtain wall market size is expected to see strong growth in the next few years. It will grow to $62.36 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%.
• Surge In Construction Activities Propels Growth In The Aluminum Curtain Wall Market
• Innovating Skylines Mitrex's Solar Brick A Breakthrough In Aluminum Curtain Wall Technology
• Asia Pacific was the largest region in the aluminum curtain wall market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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