The Glass Curtain Wall Market is estimated at USD 44.5 billion in 2018 and is projected to reach USD 73.4 billion by 2023, at a CAGR of 10.50%. The rising infrastructure and building & construction industries drive the demand for glass curtain walls. Furthermore, the increase in demand from end-use industries of glass curtain wall further boosts market growth.
A glass curtain wall is a system of bonding glass to a building’s structure with the help of a metal frame and a high-strength and high-performance silicone sealant. Further, these systems are mostly aluminium-framed thin walls and contain in-fills of glass or other metal panels.
The glass curtain wall market is led by major players such as Saint-Gobain (France), Asahi Glass (Japan), Central Glass (Japan), Guardian Industries (US), and Nippon Sheet Glass (US). Expansions, investments, mergers, acquisitions, new product launches, and partnerships are some of the major strategies adopted by the leading players operating in the glass curtain wall market.
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Asia Pacific is projected to hold the largest share in the glass curtain wall market during the forecast period
Asia Pacific is projected to dominate the glass curtain wall market through 2023. Asia Pacific is the hub of foreign investments and booming industrial sectors largely due to the availability of low-cost labor and land. The increase in demand for glass curtain walls can be largely attributed to the growing infrastructure and building & construction industries. The demand for glass curtain walls is growing rapidly in the region, owing to the high growth in the infrastructure sector for an aesthetic appeal.
Key players operating in the glass curtain wall market include Saint-Gobain (France), Asahi Glass (Japan), Central Glass (Japan), Guardian Industries (US), Nippon Sheet Glass (US), Avic Sanxin Co., Ltd (China), Schott AG (Germany), China Glass Holdings Limited (Hong Kong), Vitro (Mexico), and Xinyi Glass Holdings Limited (Hong Kong). These players have adopted various growth strategies to expand their global presence and increase their market share. Mergers & acquisitions, expansions, investments, new product launches, and partnerships are some of the major strategies adopted by the key players operating in the glass curtain wall market.
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