The latest report by IMARC Group, titled “Glass Curtain Wall Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the global glass curtain wall market size reached US$ 50.07 Billion in 2021. Glass curtain walls refer to housing glass or metal panels made from lightweight aluminum-framed façades. They are wind-resistant materials that are used as a part of a building envelope or consist of a part of the wall system. They also help in meeting the energy conservation necessities of a building while lowering overall costs. In addition, they offer a sleek and modern look and allow natural light to enter the building. Owing to these properties, glass curtain walls are widely adopted across residential and commercial buildings.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Glass Curtain Wall Market Trends:
The market is primarily driven by the increasing construction, building, and redevelopment activities across the globe. Glass curtail walls are widely employed in residential buildings as they provide a sleek and modern look, resistance to air and water, and absorb sway induced by seismic forces. In addition, the rising product utilization across commercial establishments represents another major growth-inducing factor. Glass curtain walls are widely used across storefronts and shopfront windows in the retail sector. Besides this, key market players are investing in research and development (R&D) activities to introduce innovative glass curtain wall variants that support massive glass sizes and complex geometries. This, coupled with the rising awareness about using energy-efficient construction facilities and the growing preference for green building materials, is accelerating the product adoption rate. Moreover, increasing investments in smart cities, rising disposable incomes of consumers, and rapid urbanization are some other factors creating a positive market outlook across the country. Looking forward, IMARC Group expects the market value to reach US$ 75.8 Billion by 2027, exhibiting a CAGR of 7.1% during 2022-2027.
- Based on the system type, the market has been bifurcated into unitized and stick.
- On the basis of the end use, the market has been segmented into commercial, public, and residential.
- Region-wise, the market has been divided into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has been examined in the report, with some of the key players being AGC Inc., Apogee Enterprises Inc., AvicSanxin Co. Ltd, Central Glass Co. Ltd., China Glass Holdings Limited, Guardian Industries (Koch Industries Inc), Hansen Group Ltd., Kawneer Company, Inc., Nippon Sheet Glass Co. Ltd, Schott AG, Vitro, and Xinyi Glass Holdings Limited.
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