The unitized curtain walls segment is projected to grow at a higher CAGR in the global glass curtain wall market till 2023
The Glass Curtain Wall Market
is estimated at USD 44.5 billion in 2018 and is projected to reach USD 73.4
billion by 2023, at a CAGR of 10.50%. The rising infrastructure and building
& construction industries drive the demand for glass curtain walls.
Furthermore, the increase in demand from end-use industries of glass curtain
wall further boosts market growth.
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. Further, these systems are mostly aluminium-framed thin walls and
contain in-fills of glass or other metal panels.
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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.
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.
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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 labor 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.
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