Glass Curtain Wall Market Report by Technology, Industry Share and Size Expansion to 2026 | Fortune Business Insights™
GlassCurtain Wall Market will exhibit a CAGR of 7.3% during the forecastperiod, and reach USD 71.14 billion by 2027, and the Market value asper 2019 was USD 48.06 billion.
FortuneBusiness Insights™ in a new report, titled, “Glass Curtain WallMarket Size, Share & COVID-19 Impact Analysis, By Product Type (Stick-built,Unitized and other), By Application (Commercial buildings and Residentialbuildings), and Regional Forecast, 2020-2027.”
Glass Curtain Wall Market Drivers and Restraint:
Expanding Real Estate in Emerging Economies to Benefit the Market
Theexpansion of real estate has facilitated the development of large andmagnificent structures with modern amenities. The era of globalization has ledto the development of large commercial structures including office complexes inmost parts of the world, especially in developing countries. The westerndeveloped economies have invested huge amounts of money in the form of ForeignDirect Investment (FDI) in the emerging economies to support the growth ofindustries and establish international brands in these countries. This hasresulted in the development of commercial offices and infrastructures thatconsume a high amount of premium architectural enhancements such as glasscurtain walls, which is indeed emerging as a major growth driver for themarket.
RESTRAINING FACTORS
High installation and Maintenance Costs to Restrain Growth
Thepleasing looks of glass-installed buildings come at a high cost. Theinstallation as well as the maintenance cost of the glass curtain wall systemis considerably high. Manufacturers provide standard as well as custom systemsas per the client requirements. However, the custom wall systems are highlycompetitive with standard systems in case of complex large projects. Thus, theconsumer has to hire experienced design consultants for such projects, whichadds to the cost of the project.
Moreover,in case of leakage (air and water) in the curtain wall system, the repairs areexpensive. In order to avoid such serious damages to the system, the buildingmanagement has to invest a significant amount of money in the maintenance ofglass panels as well as other components that require skilled manpower.Therefore, many commercial projects opt for other systems taking cost factorsinto consideration and thus the growth of the market gets constrained.
List of Key Players Covered in the Glass Curtain Wall MarketReport:
- 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 tableof content and figures, Click Here: https://www.fortunebusinessinsights.com/glass-curtain-wall-market-103912
Some of the key industry developments in the GlassCurtain 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.
