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.
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