According to MRFR's comprehensive research report, the 2030 curtain wall market forecast analysis by building type, system, end-use, and region, the market will reach 151.4 billion US dollars by 2030, with a compound annual growth rate of 9% during the period.
The major vendors in the curtain wall market are primarily focused on developing individualized solutions and standard products to meet the needs of a global customer base. Investments in new materials, large R&D projects, and partnerships are a few areas of focus for some manufacturers. Companies also focus on the aggressive promotion, marketing, and trade fairs to strengthen their position in the global industry.
The market drivers
The soaring rate of urbanization, coupled with substantial investment in infrastructure renovation and development, has boosted the demand for curtain walls. Continued building material innovation and technology can also increase the use of façades in commercial and residential buildings.
While curtain walls do not provide structural stability, they protect against external factors such as accidental fires, UV rays, and weather changes. Modern architecture is entirely focused on using advanced tools, as well as delivering sustainable and improved aesthetic design.
Curtain walls give the building a unique and sophisticated look. In addition, real estate developers are gradually using curtain walls and integrating them into commercial building projects to meet the needs of hotels and businesses.
Rising demand for sustainable buildings, coupled with a surge in government initiatives aimed at developing smart cities, could be some of the major opportunities for curtain wall developers. Manufacturers are primarily engaged in rigorous R&D activities to produce high-performance solutions to meet the changing preferences of end-users.
The market constraints
In the long run, the high installation cost of curtain walls could be a major challenge for the global market. Fluctuations in the prices of key raw materials such as aluminum, iron, and steel can also negatively affect global markets.
Figure 1 The market constraints of glass curtain wall 1
The Covid-19 analysis
The curtain wall market is seriously affected by the new crown pneumonia epidemic. Given the circumstances of the pandemic, many countries have had to impose lockdowns to contain rising cases. As a result, demand and supply chains were disrupted, affecting global markets. Due to the pandemic situation, infrastructure projects, manufacturing units, industries, and various businesses have had to be suspended.
Fluctuations in the cost of raw materials used to develop curtain walls restrain the market growth rate. On the bright side, things are returning to normal, which means the market will see better growth going forward.
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