The global glass curtain wall market size was USD 59.99 Billion in 2022 and is expected to register a revenue CAGR of 10.4% during the forecast period. Increasing trend of social media influences and changing preferences of consumers for leading picturesque lifestyles, along with rapidly growing corporate sector are major factors expected to drive market revenue growth. In addition, rapid growth of the retail industry in various regions is creating high demand for glass curtain walls in different end-uses. Rapid population growth is restricting the size of living spaces which can be addressed with a sense of spaciousness. Glass interiors have a luxury appearance with the capacity to provide the feel of spaciousness in small apartments.
Individuals prefer to live amidst greenery, and glass interior brings the outside, in which is encouraging usage of glass roofs, walls, and floors in residential spaces. Rising disposable income is another key factor supporting growth of the construction industry, thus motivating residentials to upgrade living spaces accordingly. According to recent research, Glass Manufacturing causes an increased carbon footprint. Manufacturers are trying to launch innovative glass solutions that emit low carbon. For instance, on 23 September 2022, AGC Glass Europe announced the production of low-carbon glass in their Moustier, Belgium, plant. Growing awareness regarding the environment among individuals is driving demand for use of such low carbon glass ranges for outlook designing purposes.
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According to the report, double glazing accounted for the largest market share of ~44% in 2019 due to its lower cost, efficiency, and noise reduction properties. Triple glazing is anticipated to witness the highest CAGR of 9.0% during the forecast period, attributed to their better thermal transmittance, which allows a lower rate of heat transfer.
The Asia Pacific region held the largest market share of ~31% in 2019 and is anticipated to witness the highest CAGR of 9.4% during the forecast period. The market in the region is dominated by China, owing to high expenditure on infrastructure and construction projects.
Key players 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
· Kawneer Company, Inc.
· Shenyang Yuanda Aluminium Industry Engineering Co., Ltd
· HUECK System GmbH & Co. KG
· Schüco International
· Simplex Curtain Walls LLC
· Wausau Window & Wall Systems
· Glasscon GmbH.
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 report segments the global glass curtain wall market based on product type, glazing type, end-user, and region. The product type outlook includes stick-built, semi-unitized, and unitized. The glazing type outlook includes double, triple, and others. The end-user outlook includes residential, commercial, public, and others. The regional outlook includes North America, Europe, Asia Pacific, MEA, and Latin America.
Glass Curtain Wall Market: Drive Factors
The global glass curtain wall market is being propelled by several driving factors. One major factor is the increasing construction activities across the world, especially in the residential sector, due to the rising population and changing lifestyles. Rapid urbanization is also a significant contributor to the growth of the market.
Glass curtain wall systems provide additional structural stability to buildings, protecting them against high winds and geological conditions. By preserving the exterior of the buildings from wind and rain, these curtains can reduce the risk of damage to the exterior surfaces, enhancing the appearance of buildings and providing aesthetic pleasure.
Moreover, these installations can add a layer of insulation that can increase the energy efficiency of the structures. Curtain walls also provide added protection against the spread of fire, especially in high-rise developments. These benefits of glass curtain walls are driving the demand for the product.
The double glazing is the most popular type, accounting for the largest market share in 2019 due to its lower cost, efficiency, and noise reduction properties. The triple glazing is anticipated to witness the highest compound annual growth rate (CAGR) during the forecast period, attributed to its better thermal transmittance, which allows a lower rate of heat transfer.
The unitized wall products account for the largest market share in 2019. The quality of the unitized glass curtain wall is relatively easy to control and waterproof. It can accommodate the displacement of larger structures, and its construction is quite simple, fast, and well-managed.
The Asia Pacific region held the largest market share in 2019 and is anticipated to witness the highest CAGR during the forecast period. The market in the region is dominated by China, owing to high expenditure on infrastructure and construction projects. The growing population has led to an increase in residential construction activities, which contributes to the increasing demand for curtain walls.
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