Market Analysis
The curtain walls market size in 2018 was valued at USD 45 billion and at a staggering 9.2% CAGR between the forecast periods 2019-2025, according to the latest Market Research Future analysis. Curtain walls have been specially designed as well as constructed to safeguard air and water infiltration and also prevent the building against the impacts of the wind and earthquake forces and other forms of vibrations on the structure. Refurbishment and new construction are their different construction type, and semi-unitized, unitized, and stick-built are their different systems. It has wide commercial and residential applications.
Various factors are fueling the curtain walls market share. According to the recent MRFR report, such factors include the booming commercial and residential construction sectors, a constant increase in urbanization, supportive government regulations, strict environmental regulations, and a growing need for energy-efficient façade systems. Additional factors adding market growth include rising green building initiatives in the construction industry, rising construction of high-rise buildings, growing need for green buildings, and advantages like thermal efficiency, aesthetically pleasing, and slow the spread of fire.
On the flip side, high maintenance cost, high installation cost, and the ongoing COVID-19 impact may impede the global curtain walls market growth over the forecast period.
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Market Segmentation
The curtain walls market is segmented based on end use, system, and construction type.
Based on the construction type, the market is segmented into refurbishment & new construction. The new construction segment will have the largest market share over the forecast period for the growing demand for modern architecture.
Based on the system, the market has been segmented into semi-unitized, unitized, and stick-built. The unitized segment among these will dominate the market over the forecast period for efficient water and air filtration, enhanced quality control, and minimal installation time.
Based on end use, the market has been segmented into commercial & residential. The commercial segment is again segmented into educational centers, hospitality, shopping malls and centers, office spaces, healthcare, and others. The commercial segment, among these will spearhead the market over the forecast period for wide applications of such walls in healthcare, educational centers, hospitality, shopping malls, and office spaces.
Regional Analysis
Geographically, the curtain walls market has been segmented into these four regions- Europe, North America, the Asia Pacific (APAC), & the Middle East & Africa (MEA). The Asia Pacific region among these will command the largest share in the market over the forecast period for the rising number of construction projects, availability of low-cost land and labor, increase in global FDI inflow, developing industrial sector, booming building & construction industry, improved infrastructure, home of foreign investments, rapid urbanization, high investments in construction & infrastructure, and development of several suburbs. China and India have the utmost share in the market.
In North America, the curtain walls market will have sound growth over the forecast period for the burgeoning requirement and need for aesthetic appeal in infrastructure.
In Europe, the curtain walls market will have healthy growth over the forecast period.
In the Middle East and Africa, the curtain walls market is predicted to have favorable growth over the forecast period for the burgeoning need for infrastructure that is compact and affordable and increased consumer expenditure.
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Key Players
Leading players in the curtain walls market report include EFCO CORPORATION (US), Ponzio (Italy), GUARDIAN GLASS LLC (US), Kalwall (US), Alumil (Greece), HUECK System GmbH & Co. (Germany), AVIC SANXIN CO., LTD (China), Reynaers (Belgium), HansenGroup (Denmark), heroal (Germany), Kawneer (US), Aluplex (India), GUTMANN AG (UAE), among others.
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