Curtain Wall Market Size By Fabrication (Stick System, Unitized System), By Construction Type (Refurbishment, New Construction), By Application (Commercial, Residential), COVID-19 Impact Analysis, Regional Outlook, Application Growth Potential, Price Trends, Competitive Landscape & Forecast, 2022 - 2028
The curtain wall market is anticipated to grow enormously by 2028 driven by rising product demand for protection from external factors like air, rain, or moisture. In addition, improved exterior aesthetics of the product, along with green city initiatives by governments in developing regions, are likely to further propel market growth through the forecast period.
Curtain wall systems have gained massive popularity across commercial and residential applications due to their appealing appearance and environmental efficiency. As curtain walls optimize the internal environment, the demand for lower-emission-generating buildings has driven product adoption.
Moreover, growing emphasis on designing innovative products with aesthetic possibilities as well as prevalent need for eco-friendly wall systems have created considerable growth potential for the product. To that effect, a March 2022 Polymers study by the School of Civil, Environmental and Architectural engineering, Korea University, presented a new type of 3D printed curtain wall using a high-level ABS-M30 polymer panel that would sustain the production speed in the construction sector.
Notably, increased focus on developing well-planned sustainable cities, including buildings that undermine carbon emissions, has stimulated curtain wall market penetration. For instance, in April 2022, the Miller Hull Partnership, an architecture and design firm, announced a new 333 Dexter mixed-use office building project in Seattle, Washington, which promises to support low carbon program by utilizing high performance curtain wall system and metal fronts in both its towers.
To cite another instance, in October 2021, Elicc Group, a curtain wall specialist company, collaborated with Miller Hull Partnership to build the Hans Rosling Center for Population Health at the University of Washington, wherein it provided fins and glass panels for the structure. Similarly, in September 2021, Reynaers Aluminum, a Reynaers Group company and a curtain wall specialist, supplied its in-demand CW 50 curtain walls solution for Ajdan Rise, a 130-m tall tower in Al Khobar, Saudi Arabia.
To cite another instance, in March 2022, Kawneer Company, Inc., a notable firm in commercial construction sector, offered the 1600 Wall System 1 Curtain Wall to AR Marlon Blackwell Architects for use in the Fayetteville High School, Arkansas. The curtain wall system is designed to optimize natural light and enhance thermal performance in the interiors of the school.
The curtain wall market has been bifurcated based on system type, application, construction type, and region. In terms of region, the Middle East & Africa curtain wall market is expected to grow at a steady CAGR through the forecast period. Rising investment in the construction sector as well as growing focus on non-oil sectors are likely to promote regional business growth in the future.
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