Curtain Wall Market Size By Fabrication (Stick System, Unitized System), By Construction Type (Refurbishment, New Construction), By Application (Commercial, Residential), & Global Forecast, 2023 - 2032

Curtain Wall Market Size By Fabrication (Stick System, Unitized System), By Construction Type (Refurbishment, New Construction), By Application (Commercial, Residential), & Global Forecast, 2023 - 2032

Curtain wall market size will expand at a noticeable rate over 2023-2032 led by the significant growth in the construction sector of developing economies such as India and China.

Nations witnessing rapid urbanization and increasing population are accelerating infrastructure development to enable economic growth, driving the demand for curtain walls. By 2030, more than 40% of India’s population will live in urban areas, propelling the need for an additional 25 million mid-end and affordable units. Under NIP, India’s 2023 budget has dedicated USD 1.4 trillion to infrastructure development, with 17% for urban infrastructure, 24% for renewables, 12% for railways, and 18% for roads & highways.

The rise in smart city projects established by nations worldwide will spur the demand for curtain walls. Economies aiming for large-scale infrastructure modernization, integration of smart technologies, and development of modern structures are focusing on high-value and aesthetic construction products, such as curtain walls.

The curtain wall market is segregated based on fabrication, construction, applications, and region.

Based on fabrication, the market is segmented into stick-built system, unitized, and others. The demand for stick-built curtain walls will increase over 2032 owing to benefits such as lower cost of transportation, shorter lead time, and minimal storage space required. Curtain walls installed with stick-built systems offer exceptional compatibility with complex systems that are difficult to pre-build. The growing residential construction across APAC and European countries will propel the demand for stick-built curtain walls.

Regarding construction, the curtain wall market share from the refurbishment segment will surpass USD 29 billion by 2032. The rising product demand can be attributed to the growing consumer interest in high-end aesthetics in buildings. Developed countries are focusing on refurbishment activities to transform aging structures into modern and appealing buildings. Additionally, rapid industrialization has fuelled the number of IT & Telecom buildings, propelling the installation of curtain walls.

By application, the industry is bifurcated into commercial and residential curtain walls. The market value from the commercial segment is set to reach over USD 100 billion by 2032 due to hefty investments in commercial infrastructure development. Curtain walls are witnessing high demand across offices, restaurants, hotels, sports arenas, shopping malls, and commercial complexes. For instance, in March 2023, Abu Dhabi welcome two new mega malls offering exceptional facilities, including entertainment, dining, shopping, and recreational services.

Regionally, Europe curtain wall market will expand at over 9.5% CAGR between 2023 and 2032, driven by the large-scale infrastructure development activities across Russia, Germany, Spain, and other EU countries. Increasing investments from different government bodies enabling the refurbishment of old buildings and the construction of modern commercial complexes are driving the demand for curtain walls in the region. Moreover, increasing tourism across EU nations is encouraging the modernization of commercial infrastructure such as hotels.