Curtain Wall Market to Touch USD 151.4 Billion by 2030 and Record a CAGR of 9% from 2022 to 2030 – Report by Market Research Future (MRFR)

Research Reports

Jul 13, 2023

Insights from Future Market Research

The Curtain Wall Market, which was estimated at USD 151.4 billion in 2030, is projected to grow at a 9% during the forecast period (2022 – 2030)

Due to the expanding construction sector, the global curtain walls market is anticipated to expand at a significant rate during the forecast period. The need for curtain walls in the global market has been further pushed by rapid urbanization, rising population, and changing lifestyles. The infrastructure and real estate sectors are being supported by a variety of reforms and regulations being developed by the developing world. Thin and light-weight curtain wall systems provide many advantages, including water and wind resistance, attractive architectural design, day lighting, and thermal efficiency. The demand for curtain walls on the global market is likely to increase because of these advantages.

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Regional Analysis:

As the biggest market for curtain walls, Asia Pacific stands to benefit from the rapid expansion of the building and construction sector with robust investments in smart city projects. Additionally, with the hospitality industry progressively spending on the renovation of resorts and hotels, in countries like Malaysia, Thailand, and Singapore, there has been strong growth in tourism. Governments in most of the developing countries of the region like India are focusing on the development and refurbishment of the existing infrastructure to facilitate urbanization as well as industrialization.

North America along with Europe holds a huge share in the worldwide market and will continue to maintain strong momentum all through the given period. The heavy investments in extensive research and development activities for producing higher quality products along with materials in the UK and the US will be huge growth boosters in the coming years. Robust demand among major end-users for eco-friendly curtain walls that cut down the pollution levels and elevate moisture resistance in significant precipitation locations will intensify the market growth as well.

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Market Segmentation:

Based on the type of construction, the global market is split into new construction and renovation. Due to its preference for modern architecture, the new construction segment is likely to dominate the global curtain walls market.

The global curtain walls market is divided into unitized, stick-built, and semi-unitized segments based on system. Due to its high demand for commercial buildings, the unitized segment is expected to be the one with the fastest expanding market share in the worldwide curtain walls market. Unitized curtain wall system components are pre-assembled and installed in factories before being transported to construction sites. This leads to better quality control, a reduction in labor requirements, and quicker installation. The demand for curtain walls on the international market is further fueled by the fact that they also offer better noise control and are appropriate for tall towers or construction sites.

The worldwide curtain wall market is segmented into residential and commercial segments based on end use. Hospitality, healthcare, shopping malls and centers, educational institutions, office buildings, and other sectors make up the commercial sector. The commercial segment is thought to be the fastest-growing segment and is anticipated to dominate the global market for curtain walls. This can be attributed to the significant inflow of capital into the construction sector, which has been used primarily to build offices, shopping centers, and other infrastructure.

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Key Players:

Alumil (Greece), Aluplex (India), heroal (Germany), EFCO CORPORATION (US), HansenGroup (Denmark), GUTMANN AG (UAE), HUECK System GmbH & Co. (Germany), Kalwall (US), Kawneer (US), Ponzio (Italy), and Reynaers are some of the well-known companies in the global curtain walls market.

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Tags: Curtain Wall Market, Curtain Wall, Curtain Wall Market Size See Campaign: https://www.marketresearchfuture.com/reports/curtain-walls-market-8404

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