Glass Curtain Wall Market Expected to Reach $99.5 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Glass Curtain Wall Market," The Glass Curtain Wall Market Size was valued at $44.4 billion in 2020, and is estimated to reach $99.5 billion by 2032, growing at a CAGR of 6.8% from 2023 to 2032.

Glass curtain walls are non-structural aluminum-framed walls, comprising infills of glass panels that are fixed to the building. They are of two types: unitized systems curtain walls and stick systems glass curtain walls. The glass curtain wall market has witnessed substantial growth over the past few years and is anticipated to record similar advancements during the upcoming years. The surge in urbanization and publicization, specifically in emerging markets, further stimulates the glass curtain wall market development. In addition, an increase in demand for glass curtain walls in commercial and public building sectors is anticipated to drive the global glass curtain wall market expansion during the forecast period. Further, the development of the global glass curtain wall market is driven by the need for the beautification of commercial as well as residential buildings.

In addition, the glass curtain wall system is widely adopted in residential, commercial, and public spaces. A rise in new construction activities globally, and a rise in government spending on home remodeling, and retrofitting activities, drive the growth of the market. For instance, according to Oxford Economics, the construction sector is projected to grow by 85% to $15.5 trillion across the world by 2030, with three countries China, the U.S., and India, leading the way and accounting for 57% of the global growth.

In 2020, Asia-Pacific accounted for the highest share in the global glass curtain wall market share, in terms of revenue. Moreover, the market in LAMEA is anticipated to grow with the highest CAGR, owing to growth in the construction industry in the region.

Various manufacturers in the glass curtain wall market such as AGC Inc., Central Glass Co., LTD, Guardian Industries Corp., Nippon Sheet Glass Co., Ltd, Saint-Gobain Group, Vitro S.A.B. de C.V., and Yuanda China Holdings Limited offer a wide variety of glass curtain wall for residential as well as commercial applications. For instance, in September 2022, AGC Inc. announced that it produces a float glass range featuring a significantly reduced carbon footprint of less than 7 kg of CO2 per m2 for clear glass (4 mm thick). These new low-carbon glass products are expected to deliver the same aesthetics, quality, and technical performance as traditional AGC float glass products.

The glass curtain wall market has observed significant growth in the past decade, owing to the implementation of newer state-of-the-art technologies in glass curtain walls. In addition, the surge in investments in the construction industry all over the globe is projected to positively influence the global glass curtain wall market growth. Several players such as Saint-Gobain, Nippon Sheet Glass, and Yuanda China Glass Holdings Limited are expanding their business worldwide owing to the augmented customer base, improved effective operations, expanded geographical reach, and developed product portfolios. This is predicted to lead to the development of the global glass curtain wall industry.

Furthermore, the glass curtain walls offer advantageous features such as enhanced attractiveness of the building, increased thermal efficiency, and improved building dynamics. Thereby making it suitable for use in commercial buildings. The commercial real estate industry is witnessing rapid growth in developing economies such as India, China, Vietnam and Brazil. For instance, the commercial real estate industry in Chennai has grown from 1.7 million square feet to 3.3 million square feet from 2019 to 2020. In addition, in 2021, India had the second-largest market for co-working spaces. These factors are anticipated to boost the glass curtain wall market share in developing economies.

Key Benefits For Stakeholders

• The report provides an extensive analysis of the current and emerging glass curtain wall market trends and dynamics.
• In-depth glass curtain wall market analysis is conducted by constructing market estimations for the key market segments between 2020 and 2032.
• Extensive analysis of the glass curtain wall market outlook is conducted by following key product positioning and monitoring of the top competitors within the market framework.
• A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
• The glass curtain wall market forecast analysis from 2023 to 2032 is included in the report.
• The key market players within the glass curtain wall market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the glass curtain wall industry.