PUBLISHER: Allied Market Research | PRODUCT CODE: 1396954
PUBLISHER: Allied Market Research | PRODUCT CODE: 1396954
The Glass Curtain Wall Market size was valued at $44,415.48 million in 2020 and is estimated to reach $99,466.20 million by 2032, exhibiting a CAGR of 6.8% from 2023 to 2032. Glass curtain walls are non-structural cladding systems for the external walls of buildings. They are used in various sectors such as residential, office buildings, retail spaces & hotels, healthcare facilities, educational institutions, and others. It offers various advantages such as aesthetic appeal, energy efficiency, and flexibility in design, combined with their eco-friendly properties and the expertise of glaziers in their installation, making curtain walls an essential element in shaping the future of the construction industry.
The increase in residential construction and dwelling activities globally acts as a key driving force of the glass curtain wall market. For instance, the residential construction industry in the UK increased by 6.4% in 2022. Moreover, the construction industry in the U.S. is expected to grow at a rate of 5% and reach $1,428.5 billion by 2024. In addition, an increase in the disposable income of individuals and an improvement in the standard of living of people in developing countries are expected to boost the growth of the glass curtain wall market. Moreover, the increase in urban population in emerging countries such as India and China, is expected to drive the growth of the glass curtain walls market. Hence, the surge in residential and commercial buildings is anticipated to drive the growth of the glass curtain wall market.
The rise in urbanization drives the demand for new construction buildings and residential & and commercial construction activities, which is expected to upsurge the demand for glass curtain wall products; thereby, driving the growth of the glass curtain wall market. For instance, the German construction industry is expected to witness growth at a rate of 2.3% between 2022 and 2025. In addition, the rise in disposable income of the population in various governments such as India, China, Brazil, and others is expected to drive the adoption of glass curtain wall products in residential and commercial construction activities, which boost the growth of the glass curtain wall market. For instance, disposable income in the U.S. registered a growth of 0.3% from 2020 to 2021. Furthermore, an increase in spending on residential and commercial construction activities is expected to fuel the adoption of glass curtain walls.
The glass curtain wall market is segmented on the basis of type, glazing application, end user, sales type, and region. By type, the market is categorized into unitized systems and stick systems. On the basis of glazing application, it is bifurcated into exterior glazed and interior glazed. On the basis of end user, the market is classified into residential, office buildings, retail spaces & hotels, healthcare facilities, educational institutions, and others. By sales type, the market is divided into manufacturer and installer.
Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The major players that operate in the global market have adopted key strategies such as product launches, and product development to strengthen their market outreach and sustain the stiff competition in the market.
Competition Analysis
Key companies profiled in the glass curtain wall market report include AGC Inc., Central Glass Co., LTD, Guardian Industries Corp., Nippon Sheet Glass Co., Ltd, Saint-Gobain group, Schott AG., Vitro S.A.B. de C.V., Xinyi Glass Holdings Limited, Yuanda China Holdings Limited, and Hainan Development Holdings Nanhai Co., Ltd.
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