A new report by Reports and Data forecasts that the global glass curtain wall market will reach USD 97.05 billion by 2027. Glass curtain wall systems offer additional structural stability to buildings and protect them from high winds and geological conditions. These curtains can reduce the risk of damage to the exterior surfaces of buildings by preserving them from wind and rain. They enhance the building's appearance and add a layer of insulation that can increase energy efficiency. Curtain walls also provide added protection against fire, especially in high-rise developments. The market's growth is being driven by increasing construction activities worldwide, coupled with rising populations and changing lifestyles. Rapid urbanization will also drive demand for glass curtain walls during the forecast period.
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According to the report, double glazing accounted for the largest market share of ~44% in 2019 due to its lower cost, efficiency, and noise reduction properties. Triple glazing is anticipated to witness the highest CAGR of 9.0% during the forecast period, attributed to their better thermal transmittance, which allows a lower rate of heat transfer.
The Asia Pacific region held the largest market share of ~31% in 2019 and is anticipated to witness the highest CAGR of 9.4% during the forecast period. The market in the region is dominated by China, owing to high expenditure on infrastructure and construction projects.
Key players in the market include:
- EFCO Corporation
- Alumil aluminium industry S.A.
- HansenGroup Ltd.
- GUTMANN AG
- National Enclosure Company
- Kawneer Company, Inc.
- Ponzio Srl
- Sapa Building Systems Ltd.
- Josef Gartner GmbH
- Kawneer Company, Inc.
- Shenyang Yuanda Aluminium Industry Engineering Co., Ltd
- HUECK System GmbH Co. KG
- Schüco International
- Simplex Curtain Walls LLC
- ROCKWOOL
- Wausau Window Wall Systems
- Glasscon GmbH.
These companies have adopted various strategies, including mergers, acquisitions, and partnerships, to hold ongoing trails and come up with new developments in the market.
The report segments the global glass curtain wall market based on product type, glazing type, end-user, and region. The product type outlook includes stick-built, semi-unitized, and unitized. The glazing type outlook includes double, triple, and others. The end-user outlook includes residential, commercial, public, and others. The regional outlook includes North America, Europe, Asia Pacific, MEA, and Latin America.
Glass Curtain Wall Market: Drive Factors
The global glass curtain wall market is being propelled by several driving factors. One major factor is the increasing construction activities across the world, especially in the residential sector, due to the rising population and changing lifestyles. Rapid urbanization is also a significant contributor to the growth of the market.
Glass curtain wall systems provide additional structural stability to buildings, protecting them against high winds and geological conditions. By preserving the exterior of the buildings from wind and rain, these curtains can reduce the risk of damage to the exterior surfaces, enhancing the appearance of buildings and providing aesthetic pleasure.
Moreover, these installations can add a layer of insulation that can increase the energy efficiency of the structures. Curtain walls also provide added protection against the spread of fire, especially in high-rise developments. These benefits of glass curtain walls are driving the demand for the product.
The double glazing is the most popular type, accounting for the largest market share in 2019 due to its lower cost, efficiency, and noise reduction properties. The triple glazing is anticipated to witness the highest compound annual growth rate (CAGR) during the forecast period, attributed to its better thermal transmittance, which allows a lower rate of heat transfer.
The unitized wall products account for the largest market share in 2019. The quality of the unitized glass curtain wall is relatively easy to control and waterproof. It can accommodate the displacement of larger structures, and its construction is quite simple, fast, and well-managed.
The Asia Pacific region held the largest market share in 2019 and is anticipated to witness the highest CAGR during the forecast period. The market in the region is dominated by China, owing to high expenditure on infrastructure and construction projects. The growing population has led to an increase in residential construction activities, which contributes to the increasing demand for curtain walls.
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