Glass Curtain Wall Market is projected to be worth USD 115.31 billion by 2033 and is anticipated to surge at a CAGR of 7.42%.
Glass curtain walls are thin aluminum-framed façades with glass or metal panels attached. Part of the wall system or the materials used to surround a building are wind-resistant. Glass curtain walls can be found in both traditional prefabricated systems and larger custom wall pieces, depending on the needs of the customer. The increasing usage of aluminium as a lightweight, structurally sound alternative to iron has had a significant impact on the development and application of glass curtain wall systems as an essential part of the building structure. The need for residential buildings with sleek modern architectural styles and increased investment in the development of massive commercial buildings are two variables that are propelling the sector expansion within the glass curtain walls market in the U.S.
Global Glass Curtain Wall Market Driving Factors and Challenges
The glass curtain wall market is being driven by several key factors. One of the key factors is that glass curtain walls have become more popular recently due to the fact that they are made and engineered to shield the building structure from wind and pressures brought on by earthquakes and other vibrations as well as to prevent air and water filtration.
Another driving factor is that the market for glass curtain walls will continue to rise at a rapid rate due to rising energy efficiency awareness and rising preference for green building materials. Market value will rise as a result of consumers spending more on home upgrades.
The market for glass curtain walls does face certain difficulties, though. One of the main challenges is due to the fluctuating prices of some raw materials, manufacturers may be exposed throughout the value chain. Large corporations are typically the main providers of materials. Due to their capacity to pass on growing commodity costs, these businesses are able to boost the price of raw materials, which in turn raises the cost of inputs.
An additional drawback for the market for glass curtain walls will be the strict standards governing their manufacture and installation. The total demand for the goods is further hampered by these constraints. The market growth rate for glass curtain walls would be hampered by this aspect.
Impact of COVID-19 on Global Glass Curtain Wall Market
The COVID-19 pandemic had a mixed impact on the air quality monitoring system market. On the one hand, the market for glass curtain walls suffered as a result of the current coronavirus outbreak. The supply chain for stopping the virus's spread has been impeded by the lockdown. The lack of labour also caused the construction projects in the sector to be delayed. Consequently, the demand for curtain walls sharply declined. Therefore, until the pandemic is over, commercial and residential construction projects will be impacted.
On the other hand, the importance of maintaining a secure and healthy interior environment was stressed by COVID-19. Glass curtain walls are an appealing alternative for buildings wanting to improve interior air quality and lower the risk of infectious diseases since they provide advantages such enhanced ventilation, natural light transmission, and simplicity of cleaning.
Global Glass Curtain Wall Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; AGC Inc, Beijing Northglass Technologies Co. Ltd, Cardinal Glass Industries, Inc, Central Glass Co. Ltd, Dellner Romag Ltd, Fuyao Glass Industry Group Co. Ltd., Guangzhou Topo Glass Co. Ltd., Nippon Sheet Glass Co. Ltd., Qingdao Tsing Glass Co. Limited, Saint-Gobain, SCHOTT AG , Sisecam , Taiwan Glass Ind. Corp. , Xinyi Glass Holdings Limited, Others.
Global Glass Curtain Wall Market Segmentation:
By Type: Based on the Type, Global Glass Curtain Wall Market is segmented as; Unitized Curtain Wall, Stick Curtain Wall.
By Product Type: Based on the Product Type, Global Glass Curtain Wall Market is segmented as; Double Glazed Type, Three Glazed Type, Single Glazed Type.
By End User: Based on the End User, Global Glass Curtain Wall Market is segmented as; Residential, Commercial, Public Sectors.
By Region: This report also provides the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.