The commercial buildings segment is estimated to be a major consumer in the glass curtain wall market in 2018
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.
The commercial buildings
segment is estimated to be a major consumer in the glass curtain wall market in
2018
Glass curtain walls are lightweight aluminium-framed facades
housing glass or metal panels. Curtain walls are specifically designed for
industrial and construction applications. Curtain walls are self-supporting and
give a building’s exterior the look of top to bottom glass. Along with a smooth
exterior glass facade on buildings, they also provide an attractive
architectural design, day-lighting, and thermal efficiency. The key driver for
the growth of the glass curtain wall market is the growth in industrial and
commercial construction activities. The increase in the number of construction
activities around the world will drive the curtain wall market. The other
factor that has driven the demand for these curtain walls include technological
advancements and innovations in the glass industry.
Asia Pacific is
projected to hold the largest share in the glass curtain wall market during the
forecast period
Asia Pacific is projected to dominate the glass curtain wall
market through 2023. Asia Pacific is the hub of foreign investments and booming
industrial sectors largely due to the availability of low-cost labour and land.
The increase in demand for glass curtain walls can be largely attributed to the
growing infrastructure and building & construction industries. The demand
for glass curtain walls 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.
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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.
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