Aluminum Curtain Wall Market Summary
The aluminum curtain wall market, valued at $35.3 billion in 2021, is projected to reach $73.3 billion by 2031, growing at a CAGR of 7.4% from 2022 to 2031, according to Allied Market Research. The market is segmented by type, installation, and end-user industry. Unitized curtain walls led in 2021 due to their quick installation, while new construction dominated installations, driven by rising demand for new buildings. The market serves residential and commercial buildings, with commercial buildings expected to grow rapidly due to increased job opportunities and urbanization.
Rapid urbanization and population growth fuel construction, boosting demand for aluminum curtain walls, valued for their lightweight, corrosion-resistant properties and ease of manufacturing. However, fluctuating raw material costs pose challenges. Asia-Pacific held the largest market share in 2021 and is expected to maintain high growth due to increased commercial construction.
The COVID-19 pandemic disrupted operations in countries like China, the U.S., and India, impacting sales due to supply chain issues and labor shortages. Post-vaccination recovery has improved market conditions. Key players, including Apogee Enterprises, C.R. Laurence Co., and Extech/Exterior Technologies, are adopting strategies like acquisitions to expand their market presence. For instance, Extech’s 2022 acquisition of Martin Metal LLC enhanced its product portfolio.