According to a recent report by Reports and Data, the global market for glass curtain walls market is expected to reach USD 97.05 billion by 2027. These systems provide additional structural stability for buildings and protect them against high winds and other environmental factors. Glass curtain walls can reduce the risk of damage to exterior surfaces and enhance the aesthetic appearance of buildings. They can also increase energy efficiency and provide protection against the spread of fire.
The growth of the market is primarily driven by the increasing construction activities, rising population, and changing lifestyles across the world. The demand for glass curtain walls is expected to grow rapidly during the forecast period due to the process of development and the migration of people, which has led to the need for facade systems from the residential construction sector.
The report also suggests that double glazing accounts for the largest market share, while triple glazing is anticipated to witness the highest CAGR during the forecast period. Unitized wall products are the most popular and account for the largest market share, while the Asia Pacific region holds the largest market share and is expected to witness the highest CAGR during the forecast period.
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The key participants in the market include EFCO Corporation, Alumil Aluminium Industry S.A., HansenGroup Ltd., GUTMANN AG, National Enclosure Company, Kawneer Company, Inc., Ponzio Srl, Sapa Building Systems Ltd., Josef Gartner GmbH, Shenyang Yuanda Aluminium Industry Engineering Co., Ltd, HUECK System GmbH & Co. KG, Schüco International, Simplex Curtain Walls LLC, ROCKWOOL, Wausau Window & Wall Systems, and Glasscon GmbH, among others. These companies have adopted various strategies, including mergers, acquisitions, and partnerships to hold ongoing trails and come up with new developments in the market.
The global glass curtain wall market has been segmented by product type, glazing type, end-user, and region. Stick-built, semi-unitized, and unitized are the three types of product segments. Double, triple, and others are the glazing type segments. Residential, commercial, public, and others are the end-user segments. The regional segments include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Glass Curtain Wall Market: Drive factors
The global glass curtain wall market is expected to grow significantly in the forecast period, and there are several key drivers of this growth:
1. Increasing construction activities: The demand for glass curtain walls is expected to increase due to the growing construction activities across the globe. The rising population and changing lifestyles are also driving the demand for such wall systems.
2. Rapid urbanization: With the process of development and migration of people, the need for façade systems from the residential construction sector has been a significant factor governing the growth of the market.
3. Energy efficiency: Glass curtain walls provide insulation that can increase the energy efficiency of the structures, which is becoming an increasingly important factor for builders and consumers.
4. Aesthetic appeal: Glass curtain walls enhance the appearance of buildings, allowing construction of a façade with aesthetic pleasure.
5. Protection: Glass curtain walls provide added protection against high winds, geological conditions, and the spread of fire, especially in high-rise developments. This protection is becoming more critical as the frequency of natural disasters and fires increases.
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