Glass Curtain Wall Market - Global Forecast to 2023

Glass Curtain Wall Market- Global Forecast to 2023

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.

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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.

Companies such as Saint-Gobain (France), Asahi Glass (Japan), Guardian Industries (US), Nippon Sheet Glass (US), and Vitro (Mexico) adopted these strategies to strengthen their product portfolios, expand their geographical reach, and enhance growth prospects in the glass curtain wall market.

Saint-Gobain is one of the largest companies which designs, manufactures, and distributes building and construction materials such as ceramics, glass, plastics, and fiber cement products. It is one of the leading curtain wall manufacturers. Strong global presence and the adoption of growth strategies such as acquisitions, partnerships, divestments, and expansions have ensured its leading position in the market.

Asahi Glass (AGC) is one of the leading glass companies and operates in glass products, ceramic products, electronics, and chemicals. AGC’s glass business has captured a major market share for different types of glass products such as decoration, glazing, and glass used for special purposes. It also offers functional glass, which includes glass used for energy conservation, noise reduction, crime prevention, insulation, and disaster prevention.

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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.

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