In recent years, the urbanization in
China has been accelerating, with the mushrooming of numerous large public
buildings, commercial buildings and high-end residences, which conduces to the
swelling market size of the construction curtain wall industry. In 2006-2011,
the gross output value of China construction curtain wall industry rose from
RMB60 billion to RMB180.3 billion at the CAGR of 24.6%. In 2012, the industry
attained the engineering output value of about RMB220 billion, with a
year-on-year increase of 22%.
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In 2013, in the context of the
monetary tightening of the People’s Bank of China and the slowdown of the
investment in the construction industry, it is expected that the output value
growth rate of China construction curtain wall industry will decline to 15% or
so. According to Twelfth Five-year Development Plan of China Architectural
Decoration Industry released by China Building Decoration Association (CBDA),
the output value of China construction curtain wall industry will hit RMB400
billion by 2015, and the CAGR during 2011-2015 will be 21.7%.
In terms of construction curtain
wall consumption structure in China, the downstream markets include commercial
buildings, public buildings and high-end residences. In 2012, commercial
buildings took the lion’s share 67.5% of the total spending on curtain walls;
public buildings consumed 29.2%; high-grade residences only used about 3.3%.
In the next few years, as China
strengthens the macro-control on real estate sector and the People’s Bank of
China conducts tightened monetary policies, the growth rate of the curtain wall
consumption applied to commercial properties and housings will drop somewhat,
while the consumption in public buildings will see steady growth.
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