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.
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.
The unitized curtain walls segment is
projected to grow at a higher CAGR in the global glass curtain wall market from
2018 to 2023
The unitized curtain wall segment is
projected to grow at a higher CAGR during the forecast period, in terms of
value, due to its high demand in the commercial buildings, and the rise in
demand for infrastructure and buildings & construction solutions. The
components of unitized curtain wall systems are assembled and installed in the
factories and then brought to the construction sites. The size of these curtain
wall systems is directly proportional to the height of the building
(floor-to-floor height of the building). The need for easy & quick
construction and better sound quality in buildings drive the need for unitized
curtain wall systems.
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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 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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