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The glass curtain wall market size is estimated to grow at a CAGR of 8% between 2023 and 2028. The market size is forecast to increase by USD 28,815.49 million. The growth of the market depends on several factors such as the increasing number of skyscrapers, the growth of the construction industry and the rise in urbanization in APAC.
This glass curtain wall market report extensively covers market segmentation by type (unitized and stick), end-user (commercial, public, and residential), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018-2022.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rise in urbanization in APAC is notably driving the market growth. India, China, and Indonesia are among the major countries in APAC currently witnessing a large-scale migration of people from rural to urban areas. With the rising population, the number of nuclear families is increasing considerably. The region is witnessing rapid infrastructural development because of the increasing number of nuclear families. In APAC, India and China are among the countries investing substantially in urban infrastructure, as the population in the urban areas of these countries is rising. India's urban population reached a high of 475 million in 2021. In 2021, it saw an increase of 2.2% from the year before.
Moreover, this increase in the urban population in the region is likely to lead to traffic congestion, a shortage of housing, and an increase in passenger traffic. As a result, India, China, Thailand, and several other Asian countries are focusing on infrastructure development. Therefore, the increasing urbanization in the region will drive the demand for glass curtain walls, thus boosting the growth of the market in focus during the forecast period.
The growing adoption of biophilic design in glass curtain walls is an emerging trend shaping the market growth. The growing adoption of biophilic design has emerged as a significant trend in the global glass curtain wall market. Biophilic design seeks to integrate elements of nature and natural environments into architectural structures, enhancing the connection between people and their surroundings. Increasingly, glass curtain walls are being designed to incorporate biophilic elements, including the use of living green walls, cascading water features, and natural materials. Daylight penetration through glass curtain walls complements this effect, providing ample natural light that positively influences mood and performance.
Moreover, biophilic design contributes to improved indoor air quality as living green walls act as natural air purifiers, removing harmful pollutants. It also aligns with eco-friendly practices by emphasizing the use of sustainable and organic materials. Thus, the growing adoption of biophilic design in glass curtain walls is expected to drive the growth of the market during the forecast period.
Low adoption in developing and underdeveloped countries is a significant challenge hindering market growth. The penetration of glass curtain walls is low in developing regions due to the high fixed costs involved. Customers in developing and underdeveloped countries have lower disposable incomes and prefer to spend on basic necessities. Moreover, consumers in these countries prefer blinds and curtains instead of glass curtain walls. Most customers in APAC and MEA are price-sensitive and will opt for low-cost glass that can serve basic requirements.
In addition, end-users, particularly commercial end-users, such as hotels, do not prefer glass due to its high maintenance and repair costs, which can reduce their profitability. Hence, the low adoption of glass curtain walls in developing countries can have a negative impact on market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Glass Curtain Wall Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AGC Inc. - The company offers glass curtain wall products such as Artlite Digital, Artlite Silkscreen, and Colorbel.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The unitized segment is estimated to witness significant growth during the forecast period. The use of unitized curtain wall systems is the most efficient method of constructing walls. Such systems comprise glasses that are supported by an aluminium frame, which is produced using prefabricated and preassembled units. Unitized curtain wall systems are simple to install as they only need to be positioned and anchored.
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The unitized segment was the largest segment and was valued at USD 36,760.90 million in 2018. As unitized curtain wall systems are primarily used for developing curtain walls globally, many prominent vendors are extensively focusing on enhancing the quality of glass, such as insulating glass and laminated glass. For instance, AGC Inc. offers laminated glass for unitized curtain wall systems made up of several sheets of glass separated by one or more plastic films, such as polyvinyl butyral (PVB), so that if it breaks, the pieces remain attached to the film. Depending on its composition, it offers protection against falling out from the window and even resists gunfire and explosions. The company also offers toughened glass, which is produced by a heat treatment that makes it five times stronger than ordinary glass in terms of resistance to physical or thermal shock. If broken, toughened glass shatters into many small non-cutting pieces, and it can prevent injury. Thus, the unitized segment is expected to drive the growth of the global glass curtain wall market during the forecast period.
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APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In APAC, the increasing number of construction projects is expected to drive the regional construction market during the forecast period. The growth of infrastructural construction activities in countries such as India, China, Japan, Thailand, Indonesia, and the Philippines is expected to drive market growth in the region. For instance, the value of newly signed contracts in the construction sector in 2021 was CNY 134.5 billion (USD 19.52 billion), an increase of 2.5% year over year and a 7.1% point narrowing of the growth rate from the same time last year.
In addition, China outlined plans in January 2022 to grow its construction sector during the 14th Five-Year Plan (2021-2025), putting one of the cornerstones of the economy on a greener, more intelligent, and safer route. The rising income levels of the middle-class population and rapid urbanization have increased the demand for residential and non-residential buildings in these countries, which is expected to drive the growth of the glass curtain wall market in the region during the forecast period.
The outbreak of COVID-19 in 2020 negatively affected the growth of the glass curtain wall market in APAC. However, the lockdown restrictions were lifted due to the initiation of rapid vaccination drives across APAC, majorly in the first half of 2021, which led to the resumption of operations in various industries, including construction and manufacturing industries. For instance, the fixed assets investment in the development of infrastructure development in China grew by 4.9% in 2021, up from 2.9% growth in 2020. Therefore, the glass curtain wall market in APAC is expected to grow during the forecast period.
The glass curtain wall market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Glass Curtain Wall Market Scope |
|
Report Coverage |
Details |
Page number |
171 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8% |
Market Growth 2024-2028 |
USD 28,815.49 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.85 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 38% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AGC Inc., Apogee Enterprises Inc., Arconic Corp., Beijing Northglass Technologies Co. Ltd., Central Glass Co. Ltd., China Glass Holdings Ltd., Compagnie de Saint Gobain, Guangzhou TopBright Building Materials Co. Ltd., Hainan Development Holdings Nanhai Co., Ltd., Koch Industries Inc., Nippon Sheet Glass Co. Ltd., Oldcastle BuildingEnvelope, Permasteelisa Spa, SCHOTT AG, Shanghai Meite Curtain Wall Co., Ltd., Vetrina Windows, Vitro SAB De CV, Xinyi Glass Holdings Ltd., Yuanda China Holdings Ltd., and Asahi India Glass Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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