Glass Curtain Wall Market: Global Market Analysis and Forecast (2024-2030)

Glass Curtain Wall Market Definition:

A glass curtain wall is a building covering designed to withstand the effects of environmental forces such as wind while solely supporting its own weight. It is not designed to support a building's structural integrity. A glass curtain wall provides a structure with durable architectural solutions and characteristics. Furthermore, by imposing a dramatic design effect, it completely transforms the appearance of a rehabilitated or new structure.

 

Further, the Glass Curtain Wall market is segmented by Type, application, construction type, and geography. On the basis of Type, the Glass Curtain Wall market is segmented Stick Builts, Unitized, and Others. Based on the Application, the Glass Curtain Wall market is segmented under the channels of commercial, and residential. Based on the Construction type, the Glass Curtain Wall market is segmented under the channels of new construction, and Refurbishment. By geography, the market covers the following Regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

 

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Glass Curtain Wall Market Dynamics:

Market Driver: The creation of enormous and majestic structures with contemporary amenities has been facilitated by the growth of real estate. In most regions of the world, particularly in developing countries, the period of globalisation has resulted in the creation of enormous commercial structures, including office complexes. To encourage the growth of companies and establish international brands in emerging economies, the western developed economies have invested vast sums of money in the form of Foreign Direct Investment (FDI). This has led in the creation of commercial offices and infrastructures that use a lot of high-end architectural features like glass curtain walls, which is emerging as a major market growth driver.

 

Market Restraints: The attractive appearance of glass-installed structures comes at a high price. The cost of installation and maintenance of a glass curtain wall system is extremely high. Manufacturers offer both conventional and custom systems, depending on the needs of the customer. In the event of large, sophisticated projects, however, custom wall systems are highly competitive with standard systems. As a result, the consumer must retain skilled design consultants for such initiatives, which increases the project's cost.

 

Furthermore, if the curtain wall system leaks (both air and water), the repairs are costly. Building management must invest a substantial amount of money in the maintenance of glass panels and other components that demand professional staff in order to avoid such major system problems. As a result, many commercial projects opt for alternate technologies due to cost considerations, limiting market growth.

 

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 in the coming years.

 

Market Challenges: One of the most significant concerns is the slowing growth of the building and real estate markets. It will also be critical to carry big materials securely and without causing harm to the environment. As a result, the important players will face a significant issue in locating suitable laborers.

 

COVID-19 Impact: The construction market's key operations have been halted due to the COVID-19 outbreak. Labor shortages, disruptions in logistics and supply, and delays in the manufacture of raw materials are just a few of the issues that the construction sector is dealing with as a result of the epidemic. These disruptions have hampered the growth of the glass curtain wall market as a result of contract cancellations, production delays, and supply postponements, among other issues. As a direct result of the interruption caused by the COVID-19 epidemic, the sector has seen mass layoffs. In the United States,  an online survey conducted by the Associated General Contractors of America in April 2020 revealed that 27% of construction businesses have reported layoffs and 59% have cited other issues creating delays and disruption in operations.

 

Glass Curtain Wall Market Segment Analysis:

By Product,

The market is divided into three categories based on product type: stick-built, unitized, and others. Given that these systems are installed on a wide scale on the exterior of buildings, unitized systems account for a significant share of the market. This system is made up of big components that have been pre-assembled and glazed in a factory. Because the unitized systems serve as the building's envelope, fire safety, thermal efficiency, and sound transmission must all be considered. This system is composed of superior grade materials and designs to assure optimum performance, which raises the system's cost.

 

Stick-built glass curtain wall systems are typically used in modest projects since they are more cost-effective to assemble on-site. Due to the greater benefits afforded by unitized and stick-built systems, the other segment types are less popular in the market.

 

 

By Application,

The market is divided into two categories based on application: commercial buildings and residential structures. Glass curtain wall systems have been widely used in commercial buildings for many years, long before they were used to residential constructions. Over the next few years, the market is likely to be driven by the growth of the commercial building sector in industrialized countries in the west and the industrialization and commercialization of emerging economies in the Asia-Pacific region. Construction output is expected to increase by 85 % by 2027, with China, India, and the United States accounting for roughly 57 % growth. As a result, demand for glass curtain systems in the commercial market is likely to increase in both these emerging countries and the United States.

 

Glass Curtain Wall Market Regional Insights:

Asia Pacific held the 35% share of the global market in 2023. Construction markets in countries like India, China, Thailand, and Vietnam are rapidly increasing, which is expected to drive the region's market growth. Furthermore, the COVID-19 outbreak has prompted corporations to focus on supply chain restructuring, and as a result, these companies are withdrawing from China and investing in other nations in the region. This will lead to the growth of commercial infrastructure in South and Southeast Asian countries, bolstering the region's market share in glass curtain walls.

 

Europe had the second-largest market share in 2023. They are likely to be important development drivers in the region because Central and Eastern European countries are still developing compared to Western European countries. According to Global Construction Perspectives, the construction sector in the United Kingdom will surpass Germany to become the world's sixth largest by 2030. It also predicts that through 2030, the construction market in the United States will grow faster than that of China, assuming that Chinese demand will decelerate.

 

The Gulf Cooperation Council (GCC) countries dominate the Middle East and Africa market. The number of commercial projects in the region is fast expanding as GCC member-countries seek to minimize their reliance on oil by recruiting new firms. Saudi Arabia, for example, has launched its 'Saudi Vision 2030,' which intends to attract large multinationals and expand the infrastructure sector in order to restructure the domestic economy by 2030 and reduce the country's reliance on the oil market.

 

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 global 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 global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the global market, key players in the market, particularly in North America and Europe, 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 Global Glass Curtain Wall market to the stakeholders in the market. The report provides trends that are most dominant in the Global 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 Global 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 Global 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 Global 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 Global 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 Global Glass Curtain Wall market. The report also analyses if the Global 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 Global Glass Curtain Wall market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Glass Curtain Wall market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global Glass Curtain Wall market is aided by legal factors

 

Glass Curtain Wall Market Scope:

 

Glass Curtain Wall Market
Market Size in 2023	USD 60.28 Bn.
Market Size in 2030	USD 98.08 Bn.
CAGR (2024-2030)	7.2 %
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Type Stick-Built Unitized Others
	By Application Commercial Residential
	By Construction Type New Construction Refurbishment
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Glass Curtain Wall Market Key Players:  

• Nippon Sheet Glass (US)
• Asahi Glass (Japan)
• Schott AG (Germany)
• Vitro (Mexico)
• China Glass Holdings Limited (Hong Kong)
• Guardian Markets (US)
• Xinyi Glass Holdings Limited (Hong Kong)
• AVIC Sanxin Co., Ltd (China)
• Saint-Gobain (France)
• Central Glass (Japan)