Asia Pacific Glass Curtain Wall Market: Market Analysis and Forecast (2023-2029) Trends, Statistics, Dynamics, Segmentation by Type, Application, Construction Type, and Region
Asia Pacific Glass Curtain Wall Market was valued at USD 18.86 billion in 2022. The Asia Pacific Glass Curtain Wall Market size is estimated to grow at a CAGR of 7.2 % over the forecast period.
Format : PDF | Report ID : SMR_965
Asia Pacific Glass Curtain Wall Market Definition:
A glass curtain wall is a building covering that is designed to withstand environmental pressures such as wind while supporting just its own weight. It is not intended to sustain the structural integrity of a building. A glass curtain wall provides a structure with long-lasting architectural features and solutions. Furthermore, it completely transforms the appearance of a rehabilitated or new structure by imposing a dramatic design effect.
Further, the Asia Pacific Glass Curtain Wall market is segmented by Type, application, construction type, and geography. On the basis of Type, the Asia Pacific Glass Curtain Wall market is segmented Stick Builts, Unitized, and Others. Based on the Application, the Asia Pacific Glass Curtain Wall market is segmented under the channels of commercial, and residential. Based on the Construction type, the Asia Pacific Glass Curtain Wall market is segmented under the channels of new construction, and Refurbishment. By geography, the market covers the major countries in Asia Pacific i.e., India, China, Japan, Australia and Rest of Asia Pacific For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).
Asia Pacific Glass Curtain Wall COVID 19 Insights:
Several governments and private sector businesses are functioning at reduced capacity or have totally suspended operations due to recent events surrounding the COVID-19 epidemic. Manufacturing of different consumer items and other products came to a standstill around the world due to a lack of raw materials, labor shortages, and other factors. In the near future, this is expected to stifle the Asia Pacific glass curtain wall market. The COVID-19 pandemic's spread has had a significant impact on the curtain wall market's growth. The supply chain has been disrupted as a result of the lockdown to stop the virus from spreading. Construction projects in the market have also been halted due to a labor shortage. As a result, demand for curtain walls has plummeted. As a result, construction projects for both commercial and residential projects will be affected until the pandemic is ended.
Asia Pacific Glass Curtain Wall Market Dynamics:
Market Drivers: The fast growth in urbanization is the primary driver of the Asia Pacific curtain wall market. Asia Pacific Curtain Walls Market Growth will also be fueled by increased investment in infrastructure development and technological breakthroughs in building materials for residential and commercial construction. Furthermore, improvements in design and the use of new tools will improve the structures' overall appearance. It also shields the structure from UV radiation, fire, and changes in the weather.
Market Restraints: The high installation costs might be a major stumbling block for Asia Pacific curtain wall market. Curtain walls can also be made of other basic materials including steel, aluminium, and iron. Asia Pacific curtain wall market's growth will be hampered by price fluctuations in these materials.
Market Challenges: One of the most significant challenges is the slowing growth of the construction and real estate markets gor Asia Pacific. It will also be critical to transport heavy materials safely and without causing harm to the environment. As a result, the important players will face a significant issue in locating suitable laborers.
Market Opportunities: The government's expanding backing for the creation of "smart cities" will open up a plethora of prospects. As a result, the curtain wall makers will reap significant benefits from the new changes for Asia Pacific glass curtain wall in the coming years.
Asia Pacific dominated the market for glass curtain walls accounting for over 35.0 % of revenue due to increased product use in the building of retail and office spaces in the growing economies of India, Philippines, China, Indonesia, and Vietnam in 2021. Furthermore, the region's expanding governmental support for the construction of green buildings is likely to boost demand for glass curtain walls.
Asia Pacific Glass Curtain Wall Market Segment Analysis:
The unitized system dominated the glass curtain wall market accounting for more than 65.0 % of sales in 2021. The popularity of unitized systems is due to their ease of installation and adaptability for high-rise building structures. It produces substantially less waste than other procedures and is particularly suited to projects that require vast amounts of cladding. The unitized system is built in a controlled environment off-site, ensuring that the final result is of high quality. The glass panels are subsequently delivered to the construction site and assembled. However, installation of the system necessitates the use of specialist cranes, limiting its application to high-volume applications.
The stick system is expected to grow at a steady rate over the forecast period because of its durability and adaptability for low-volume construction. Furthermore, the system works with a variety of building structures and glass types. In addition, the stick method is being used to restore old building structures into contemporary ones. The stick system segment generated USD 16.1 billion in revenue, with a revenue-based CAGR of 5.9% expected over the forecast year. During the forecast period, the high installation cost and prolonged installation time associated with this system type are likely to have a negative influence on segment growth.
The commercial end-use sector led the market for glass curtain walls accounting for more than 70.0 % of revenue share because of the increased emphasis on the building of energy-efficient office spaces and commercial structures. Furthermore, rising spending on the renovation of existing office buildings is expected to boost demand for glass curtain walls over the forecast period. Hotels, resorts, hospitals, and retail malls all fall within the commercial category. These businesses use a lot of electricity and spend a lot of money on it. Furthermore, excessive electricity use results in a large increase in operational costs, lowering overall profit margins.
In the glass curtain wall market, the residential segment is expected to grow at a revenue-based CAGR of 7.6% over the expected period. Multifamily residential complexes are gradually implementing a number of sustainable strategies to reduce energy consumption, such as installing energy-efficient lighting and HVAC systems. As a result, demand for glass curtain walls is expected to rise in the future. Stadiums, public buildings, and different transit facilities such as airports, bus terminals, and train stations are included in the public section. These venues are gradually embracing green building guidelines in order to save energy and meet various regulatory requirements. As a result, the usage of glass curtain walls in such locations has tremendous potential for energy savings.
Asia Pacific Glass Curtain Wall Market Key Players Insights:
The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.
The market's major companies have a significant impact because most of them have extensive networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the market, key players in the market, particularly in this region, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.
The objective of the report is to present a comprehensive analysis of the Asia Pacific Glass Curtain Wall market to the stakeholders in the market. The report provides trends that are most dominant in the Asia Pacific Glass Curtain Wall market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Asia Pacific Glass Curtain Wall Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Asia Pacific Glass Curtain Wall market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the market and market growth through the forecast period. The report also includes the competitive landscape of key players in the market along with their recent developments in the Asia Pacific Glass Curtain Wall market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Asia Pacific Glass Curtain Wall market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Asia Pacific Glass Curtain Wall market. The report also analyses if the Asia Pacific Glass Curtain Wall market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Asia Pacific Glass Curtain Wall market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Asia Pacific Glass Curtain Wall market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Asia Pacific Glass Curtain Wall market is aided by legal factors.
Asia Pacific Glass Curtain Wall Market Scope:
Asia Pacific Glass Curtain Wall Market Scope
Market Size in 2022
USD 18.86 Bn.
Market Size in 2029
USD 30.69 Bn.
By Construction Type
Rest of APAC
Asia Pacific Glass Curtain Wall Market Key Players:
- Central Glass (Japan)
- Avic Sanxin Co. Ltd (China)
- Asahi Glass(Japan)
- Shanghai Shaneok Industrial Ltd (China)
- Quindao Rexi Industries Ltd (China)
- Foshan Xingji Aluminium Ltd (China)
- Tesla Market (China)
- Wayne Building Material (China)
- Ridar Glas Ltd (China)
Frequently Asked Questions
The segments covered in the Asia Pacific Glass Curtain Wall Market report are based on Type, Application, and Construction Type.
The market size of the Asia Pacific Glass Curtain Wall Market by 2029 is expected to reach USD 30.69 Billion.
The forecast period for the Asia Pacific Glass Curtain Wall Market is 2022-2029.
The market size of the Asia Pacific Glass Curtain Wall Market in 2022 was valued at USD 18.86 Billion.
- Scope of the Report
- Research Methodology
- Research Process
- Asia Pacific Glass Curtain Wall Market: Target Audience
- Asia Pacific Glass Curtain Wall Market: Primary Research (As per Client Requirement)
- Asia Pacific Glass Curtain Wall Market: Secondary Research
- Executive Summary
- Competitive Landscape
- Stellar Competition matrix
- Asia Pacific Stellar Competition Matrix
- Key Players Benchmarking: - by Product, Pricing, Investments, growth Plans, Physical Presence, and Presence in the Market.
- Mergers and Acquisitions in Market: - M&A by Region, Value, and Strategic Intent
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- PESTLE Analysis
- PORTERS Five Force Analysis
- Value Chain Analysis
- Stellar Competition matrix
- Asia Pacific Glass Curtain Wall Market Segmentation
- Asia Pacific Glass Curtain Wall Market, by Type (2022-2029)
- Asia Pacific Glass Curtain Wall Market, by Application (2022-2029)
- Asia Pacific Glass Curtain Wall Market, by Construction Type (2022-2029)
- New Construction
- Asia Pacific Glass Curtain Wall Market, by Country (2022-2029)
- Rest of Asia Pacific
- Asia Pacific Glass Curtain Wall Market, by Type (2022-2029)
- Company Profiles
- Key Players
- Central Glass
- Company Overview
- Product Portfolio
- Financial Overview
- Business Strategy
- Key Developments
- Avic Sanxin Co. Ltd
- Asahi Glass
- Shanghai Shaneok Industrial Ltd
- Quindao Rexi Industries Ltd
- Foshan Xingji Aluminium Ltd
- Tesla Market
- Wayne Building Material
- Ridar Glas Ltd
- Central Glass
- Key Players
- Key Findings