Glass curtain wall is an aluminum-framed wall used as outer covering of building which is envisioned to block the influence of environmental forces. In addition, it provides architecture solutions and aesthetic to the building. It is used in office, schools, malls, airport and other commercial buildings. It is made up of lightweight material which reduces the construction cost. Glass curtain wall gives a new look to a building and therefore it gained a huge popularity in the past few years. The global glass curtain wall market size was $42,105.5 million in 2018, and it is anticipated to reach $85,727.4 million by 2026, growing at a CAGR of 9.1% during the forecast period of 2019 to 2026.
Global glass curtain wall market is segmented based on of type, glazing application, end user and region:
- Based on type, the global glass curtain market is segmented on the basis of unitized systems and stick systems.
- Based on glazing application, the global glass curtain market is segmented on the basis of exterior glazed and interior glazed.
- Based on end user, the global glass curtain market is segmented on the basis of commercial, public, and residential.
- Based on geographical region, the global glass curtain market is studied among North America (US, Canada, Mexico), Europe (Germany, France, Italy, Spain, UK, rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, rest of Asia-Pacific) and LAMEA (Brazil, Saudi Arabia, South Africa, rest of LAMEA).
Dynamics of Global Glass Curtain Wall Market
Home remodeling has attracted a significant share of consumer spending, owing to increase in disposable income. Now-a-days, increase in investment on interior design is a major factor driving the growth of the global glass curtain wall market. Rapid urbanization, surge in demand for affordable and green building, and increase in growth of construction units are another major factor fueling the growth of global glass curtain wall market. Increase in government investment on infrastructure sector is expected to bring lucrative opportunities for the global glass curtain wall market. However, instability in price of raw material is a major hindrance in the path of the growth of the glass curtain market.
Major players included in research study of global glass curtain wall market are:
Xinyi Glass Holdings Limited, S.A.B. de C.V., Vitro, SCHOTT AG, Saint-Gobain, Nippon Sheet Glass Company, Limited, Guardian Industries Holdings, LLC, China Glass Holdings Ltd., Central Glass Co., Ltd., AVIC Sanxin Co., Ltd. and AGC Inc. are some major players included in research study of the global glass curtain wall market.
Snapshot of Investment in Global Glass Curtain Wall Market
In 2019, Saint-Gobian, a designer, manufacturer, and distributer of building and construction material opened a new flat glass production unit in Chennai, India with an investment of 115 million Euro. Saint-Gobian acquired Tekbond, a construction sector and Romanian Company Pietta Glass to expand in glass curtain wall market. In January 2019, Tecnoglass, a manufacturer of glass windows joined hands with Siant-Gobian to meet the growing demand for glass in Columbia. NSG announced to build a new float glass plant in Argentina to support the growth demand of automotive glass. In November 2019, NSG launched Pilkington Activ School Pro T Glass with a new feature of touchenab dual coated glass with thermal insulation, self-cleaning, and solar control properties.
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