Glass Curtain Wall Market will exhibit a CAGR of 7.3% during the forecast period, and reach USD 71.14 billion by 2027, and the Market value as per 2019 was USD 48.06 billion.
Fortune Business Insights™ in a new report, titled, “Glass Curtain Wall Market Size, Share & COVID-19 Impact Analysis, By Product Type (Stick-built, Unitized and other), By Application (Commercial buildings and Residential buildings), and Regional Forecast, 2020-2027.”
Glass Curtain Wall Market Drivers and Restraint:
Expanding Real Estate in Emerging Economies to Benefit the Market
The expansion of real estate has facilitated the development of large and magnificent structures with modern amenities. The era of globalization has led to the development of large commercial structures including office complexes in most parts of the world, especially in developing countries. The western developed economies have invested huge amounts of money in the form of Foreign Direct Investment (FDI) in the emerging economies to support the growth of industries and establish international brands in these countries. This has resulted in the development of commercial offices and infrastructures that consume a high amount of premium architectural enhancements such as glass curtain walls, which is indeed emerging as a major growth driver for the market.
RESTRAINING FACTORS
High installation and Maintenance Costs to Restrain Growth
The pleasing looks of glass-installed buildings come at a high cost. The installation as well as the maintenance cost of the glass curtain wall system is considerably high. Manufacturers provide standard as well as custom systems as per the client requirements. However, the custom wall systems are highly competitive with standard systems in case of complex large projects. Thus, the consumer has to hire experienced design consultants for such projects, which adds to the cost of the project.
Moreover, in case of leakage (air and water) in the curtain wall system, the repairs are expensive. In order to avoid such serious damages to the system, the building management has to invest a significant amount of money in the maintenance of glass panels as well as other components that require skilled manpower. Therefore, many commercial projects opt for other systems taking cost factors into consideration and thus the growth of the market gets constrained.
List of Key Players Covered in the Glass Curtain Wall Market Report:
- Nippon Sheet Glass (US)
- Asahi Glass (Japan)
- Schott AG (Germany)
- Vitro (Mexico)
- China Glass Holdings Limited (Hong Kong)
- Guardian Industries (US)
- Xinyi Glass Holdings Limited (Hong Kong)
- AVIC Sanxin Co., Ltd (China)
- Saint-Gobain (France)
- Central Glass (Japan)
To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/glass-curtain-wall-market-103912
Some of the key industry developments in the Glass Curtain Wall Market Include:
- February 2020: Gualini Spa announced that it is completing the extension project of the airport of Orio al Serio, which is ranked third in Italy in terms of the number of passengers. The company is supplying and installing the external glazed facades with stick curtain walls system to meet the performance requirement of the building.
- April 2018: Associated Building Specialties announced the successful acquisition of Hillcrest Commercial Glass, a US-based manufacturer of commercial glass. This has strengthened the company’s position in North America. The resurgent construction industry in the region is expected to support the growth of the company’s business in the upcoming years.
