Glass Curtain Wall Market

Glass Curtain Wall Market Size & Growth (2023-2028)

Glass Curtain Wall Market was worth US$ 54.89 billion in 2022 and is estimated to escalate to US$ 92.55 billion by 2028, with a rising CAGR of 8.81% in the upcoming years.

Glass Curtain Wall Market alludes to a lightweight aluminum-outlined facade outlining glass boards or metals. These are intended to not back the heaviness of a floor or rooftop, yet permit wind resistance just as protection from water infiltration and gravity loads from the surface to the floor line of the structure. These walls additionally assist skyscraper designs and structures in supporting the dead load weight forces and enduring air loads.

Moreover, it likewise offers thermal performance like water infiltration, daylighting and coloring, moisture protection, sun-powered radiation and heat conduction, indoor air quality, and acoustic performance to a business space or home.

Further, they are accessible in an assortment of examples and plans and can altogether change the look of another structure just like a restored one. The development in private and commercial construction development areas alongside steady government laws is the main factor driving the development of this market. Developing modern and business development activities alongside with focus on further developing the energy productivity of the structures and skyscraper structures are the central point responsible for the development of the worldwide glass curtain walls.

Furthermore, the advancements in technologies in the glass business, and the rise in the adoption of aluminum due to being lightweight and a solid option for iron have been helping in the development of this market. Moreover, upgrades in the glass-production process, reduced installation time, rapid urbanization, the increase in spending on the remodeling of buildings, and the development in the number of high rises across the globe have likewise helped the development of this glass curtain wall market.

Market Drivers:

The extension of land has worked with the advancement of enormous and magnificent designs with current conveniences. The time of globalization has prompted the improvement of huge business structures remembering office buildings for most regions of the planet, particularly in emerging nations. 

The western created economies have put enormous measures of cash as Foreign Direct Investment (FDI) in the arising economies to help the development of ventures and build up worldwide brands in these nations. This has brought about the advancement of business workplaces and foundations that consume a high measure of premium compositional upgrades, for example, glass drapery dividers, which is without a doubt arising as a significant development driver for the global curtain wall market.

Market Restraints:

The pleasing looks of glass-installed structures come for an extreme price. The installation just as the upkeep cost of the glass shade divider framework is extensively high. Producers give standards just as custom frameworks according to the customer prerequisites.

 Notwithstanding, the custom divider frameworks are exceptionally serious with standard frameworks if there should be an occurrence of perplexing enormous activities. In this manner, the purchaser needs to recruit experienced plan specialists for such undertakings, which adds to the expense of the venture.

Also, if there should be an occurrence of spillage (air and water) in the drape divider framework, the fixes are costly. To stay away from such genuine harm to the framework, the structure of the board needs to put a lot of cash in the upkeep of glass boards just as different parts require gifted labor. Hence, numerous business projects select different frameworks thinking about cost elements, and accordingly, the development of the market gets obliged.

CURTAIN WALL MARKET REPORT COVERAGE:

Market segmentation:

Curtain Wall Market By Type:

• Unitized curtain wall

• Stick curtain wall

• Others

Unitized systems is anticipated to help in the growth of the glass curtain wall market, thinking that these systems are installed on a huge scale on the outside of structures/buildings.

This system type is made out of huge units that are pre-assembled and glazed in the plant. There is an ideal performance, this system is made of good quality materials and designs, which spikes the expense of the system.

Curtain Wall Market By End-use:

• Commercial
• Public
•  Residential

Glass curtain wall systems have been widely adopted in commercial constructions for a long time, long before they were applied to residential projects. Expansion of the commercial building area in the developed nations in the west and industrialization and commercialization in the arising economies

In the glass curtain wall market, the residential segment is expected to grow at a revenue-based CAGR of 7.6% over the projected period. Multifamily residential complexes are gradually implementing a number of sustainable strategies to reduce energy consumption, such as installing energy-efficient lighting and HVAC systems. As a result, demand for glass curtain walls is projected to rise in the future.

Stadiums, public buildings, and different transit facilities such as airports, bus terminals, and train stations are included in the public section. These venues are gradually embracing green building guidelines in order to save energy and meet various regulatory requirements. As a result, the usage of glass curtain walls in such locations has tremendous potential for energy savings.

Regional Analysis:

• North America

• Europe 

• Asia Pacific 

• Latin America 

• Middle East and Africa 

The Asia Pacific represented the biggest share in the global glass curtain wall market. In nations like India, China, Thailand, and Vietnam the growth can be attributed to the developing regulatory support for the development of green structures and high product usage in developing regions in the construction of retail and office spaces and rapid expanding construction industries which are probably going to support the development of the market.

Europe held the second-biggest market share. The Central and Eastern European nations are relied upon to be the major cause of development drivers in the region as these nations are as yet creating when compared with Western European nations.

Because of the good prognosis for the office and commercial development sector in the United States and Mexico, the market for glass curtain walls is predicted to grow at a revenue-based CAGR of 6.4 percent over the forecast period. In addition, as 'Green Building' requirements become more widely adopted in North America, demand for glass curtain walls is expected to rise.

In terms of volume, the market for glass curtain walls in the Middle East and Africa is expected to grow at the fastest rate of 8.1 percent in the coming years. The rapid rise of commercial construction in Saudi Arabia and Qatar, as well as the emergence of Dubai as a major financial and corporate center, are expected to be the fundamental factors driving the market in the area.

Key players:

• Nippon Sheet Glass

• Asahi Glass

• Central Glass

• Saint-Gobain

• Guardian Industries

• Avic Sanxin Co Ltd

• Schott AG

• China Glass Holdings Limited

• Vitro. 

Impact on Covid-19 with effect to glass curtain wall market:

The outbreak of COVID-19 has constrained the organizations to focus on rebuilding supply chains and subsequently, these organizations are pulling out from China and putting resources into different nations in the area. This will bring about the improvement of business foundations in South and Southeast Asian nations and reinforce the strength of the district in the glass curtain wall market share.