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  • Home > News > Industry News > With 11.93% CAGR, Glass Curtain Wall Market Size to Reach USD 145.64 Billion by 2029

    With 11.93% CAGR, Glass Curtain Wall Market Size to Reach USD 145.64 Billion by 2029

    Post Time:Mar 02,2023Classify:Industry NewsView:969

     Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Glass Curtain Wall Market.

    The global Glass Curtain Wall Market size is USD 54.30 Billion in 2022 and is expected to grow till USD 145.64 Billion by 2029, at a Compounded annual growth rate (CAGR) of 11.93% During Forecast Period 2023 and 2029. The glass curtain wall market is a rapidly growing industry that produces exterior wall systems for buildings made primarily of glass and metal framing. Curtain walls are non-structural and are typically used to enclose a building, providing protection from the elements while allowing for natural light and views.

    The market for glass curtain walls is driven by a growing demand for energy-efficient and sustainable building materials, as well as increased construction activity in developing economies. Curtain walls can help reduce energy costs by providing natural light and heat insulation and can also improve the aesthetic appeal of a building by creating a sleek and modern look.

    The glass curtain wall market is segmented by type, application, and geography. The major types of curtain walls include stick-built, unitized, and semi-unitized systems. The most common applications for curtain walls are commercial and institutional buildings, including office buildings, hotels, and hospitals. Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

    Driving & Restraining Factors

    Expanding Real Estate in Emerging Economies to Benefit the Market

    The growth of the real estate industry has made way for the construction of large and impressive structures with modern amenities. The era of globalization has prompted the construction of vast commercial structures, such as office complexes, in many parts of the world, particularly in developing countries. Developed economies in the West have invested significant amounts of Foreign Direct Investment (FDI) in emerging economies to encourage industry growth and establish global brands in these countries. As a result, commercial offices and infrastructure have been built, incorporating premium architectural features such as glass curtain walls, which are becoming a major driving force in the market's growth.

    High installation and Maintenance Costs to Restrain Growth

    The attractive appearance of glass curtain wall buildings comes at a steep price. The installation and maintenance costs of the glass curtain wall system are significantly high. Manufacturers offer both standard and custom systems to meet the client's needs. However, for complex large projects, the cost of custom wall systems is highly competitive with standard systems. This requires the consumer to hire experienced design consultants, which adds to the overall project cost.

    In addition, if air or water leaks occur in the curtain wall system, the repairs can be costly. To prevent such serious damage to the system, building management must invest a significant amount of money in maintaining the glass panels and other components that require skilled manpower. Therefore, many commercial projects consider other systems, taking cost factors into account, which ultimately limits the growth of the glass curtain wall market.

    Report AttributeDetails
    Glass Curtain Wall Market size value in 2022USD 54.30 billion
    Revenue forecast in 2029USD 145.64 billion
    Market Growth rateCAGR of 11.93% from 2023 to 2029
    Base year for estimation2022
    Historical data2018 - 2020
    Forecast period2023 - 2029
    Quantitative unitsRevenue in USD Million, volume in units, CAGR from 2022 to 2029
    Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, trends
    Segments coveredBy Type; End-Use Industry AND
    Regional scopeNorth America; Europe; Asia Pacific; Latin America; MEA
    Country scopeU.S.; Canada; Mexico; Germany; France; Italy; U.K.; China; India; Japan; Brazil; Saudi Arabia
    Key companies profiledSaint-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).
    Customization scopeFree report customization with purchase. Addition or alteration to country, regional & segment scope.

    Companies Covered in Glass Curtain Wall Market Report:

    • 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)

    • Xinyi Glass Holdings Limited (Hong Kong).

    Source: https://www.globenewswire.com/Author: shangyi

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