A glass
curtain wall is
a system of bonding glass to a building’s structure with the help of a metal
frame and a high-strength and high-performance silicone sealant. These systems
are mostly aluminum-framed thin walls and contain in-fills of glass or other
metal panels.
Curtain walls specifically designed
for industrial, and construction applications. Along with a smooth exterior
glass facade on buildings, they also provide an attractive architecturally
design, day-lighting, and thermal efficiency. MarketsandMarkets projects that the
glass curtain wall market is projected to grow from USD 44.5 billion in 2018 to USD 73.4 billion by 2023, at a CAGR of 10.5%
during the forecast period.
Based on system, the unitized curtain wall segment is projected to grow at a
higher CAGR from 2018 to 2023. The growth of this segment can be attributed to the
demand for products offering benefits of easy & quick construction and
sound quality. A unitized curtain wall systems is an exterior building façade
system, mostly made of an aluminum-framed wall with in-fills of glass, aluminum panels, or other metal panels.
Based on end use, the commercial
buildings segment in the glass curtain wall market is projected to grow at the
highest CAGR from 2018 to 2023. The need for design flexibility, fitness,
environmental protection, as well as durability of the commercial buildings drive the market of glass curtain wall at a
global level.
In terms of geographical coverage,
the glass curtain wall market is segmented into five regions, namely, North
America, Asia Pacific, Europe, the Middle East & Africa, and South America.
The Asia Pacific accounted for the largest share in 2017 and is projected to record
the highest growth rate during the forecast period, in terms of both value and
volume. The increasing applications of curtain walls in the commercial
buildings, public buildings, and residential buildings are projected to drive
the glass curtain wall market in Asia
Pacific. Furthermore, the growing infrastructure and building &
construction industries drive the growth of curtain walls in this region.
Asia Pacific is the hub of foreign
investments and booming industrial sectors largely due to the availability of
low-cost labor and lands. The increase in demand for glass curtain wall can be
largely attributed to the growing infrastructure and building & construction
industries. The demand for glass curtain wall is growing rapidly in the region,
owing to the high growth in the infrastructure sector for an aesthetic appeal.
The glass
curtain wall market is led by major players such as Saint-Gobain (France),
Asahi Glass (Japan), Central Glass (Japan), Guardian Industries (US), and
Nippon Sheet Glass (US). Expansions, investments, mergers, acquisitions, new
product launches, and partnerships are some of the major strategies adopted by the
leading players operating in the glass curtain wall market.
Companies such as Saint-Gobain (France), Asahi Glass (Japan), Guardian
Industries (US), Nippon Sheet Glass (US), and Vitro (Mexico) adopted these
strategies to strengthen their product portfolios, expand their geographical
reach, and enhance growth prospects in the glass curtain wall market.
Saint-Gobain
is one of the largest companies which designs, manufactures, and distributes
building and construction materials such as ceramics, glass, plastics, and
fiber cement products. It is one of the leading curtain wall manufacturers.
Strong global presence and the adoption of growth
strategies such as acquisitions, partnerships, divestments, and expansions have
ensured its leading position in the market. In January 2019, the company opened
a new flat glass production line (float) in Sriperumbudur, near Chennai, India.
In July 2017, Saint-Gobain SA acquired TekBond
(Brazil), the number two adhesive business operating in the construction sector
and automotive aftermarket; and in December 2016, it acquired the entire share
capital of the Romanian company Pietta Glass to expand in the facade market.
Asahi Glass (AGC) is one of the leading glass companies
and operates in glass products, ceramic products, electronics, and chemicals.
AGC’s glass business has captured a major market share for different types of
glass products such as decoration, glazing, and glass used for special
purposes.
It also offers functional glass, which includes glass
used for energy conservation, noise reduction, crime prevention, insulation,
and disaster prevention. Its recent expansion aims to expand its product
portfolio; its global operations contribute to its position in the glass
curtain wall market.
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In May 2017, Asahi Glass Co., Ltd invested around USD
174.8 million to relocate a float furnace and mirror manufacturing facility
from its Jakarta Plant to Cikampek Plant (PT Asahimas Flat Glass). The float
furnace for the manufacturing of architectural glass and mass production was
scheduled to commence in 2019.
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