USD 55.2 Billion
Report ID:
SQMIG60A2001 |
Region:
Global |
Published Date: December, 2024
Pages:
172
|Tables:
0
|Figures:
0
Glass Curtain Wall Market size was valued at USD 55.2 Billion in 2023 and is poised to grow from USD 59.4 Billion in 2024 to USD 106.72 Billion by 2032, growing at a CAGR of 7.6% during the forecast period (2025-2032).
Rising awareness on improving the energy efficiency of the building structures coupled with growing investment inside the improvement of inexperienced homes are projected to drive the market. Rising the adoption of aluminium as a lightweight and structurally strong alternative to iron has put a significant impact on the development and adoption of glass curtain wall systems as an integral element of the building structure.
The glass curtain wall industry is growing globally owing to rapid technological and commercialization in developing and developed economies. Architecturally pleasing building looks and designs are achieved using glass curtain walls. Moreover, they also offer resistance to air and water and absorb sway induced by seismic forces on the building. The developing countries of Asia Pacific can expect healthy growth due to accelerated infrastructure development in the region. For instance, there are many airports (which utilize glass curtain walls extensively) that are set to be constructed in the region during the forecast period. This is expected to result in the development of other constructions such as hotels that also widely utilize these facades.
The expansion of real estate has facilitated the development of massive structures with present day facilities. The era of globalization has caused the development of big commercial structures inclusive of workplace complexes in maximum components of the sector, in developing nations.
Global Market Size
USD 55.2 Billion
Largest Segment
Unitized
Fastest Growth
Stick
Growth Rate
7.6% CAGR
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Global glass curtain wall market is segmented based on type, glazing applications, end use, and region. Based on type, the market is segmented into unitized, stick. Based on glazing applications, the market is segmented into exterior glazed, interior glazed. Based on end use, the market is segmented into commercial, public, residential. Based on region, the market is segmented into North America, Asia-Pacific, Europe, Latin America, Middle East and Africa.
Analysis by Glazing Applications
As per glass curtain wall market analysis, the exterior glazed segment is dominating and plays a major role in the especially in large projects, high-rise buildings. This system installs glazing from the outside, making it ideal for skyscrapers and buildings which has more environmental exposure to better weather resistance. One of its key advantages is its superior weather resistance, as it is designed to withstand wind loads, temperature fluctuations, and moisture intrusion more effectively than other systems. The dominance of this segment is further bolstered by its aesthetic appeal, as it allows for sleek, modern facades that align with contemporary architectural trends. With the increasing focus on urbanization and the rise of smart cities, where high-rise and commercial structures are pivotal, the exterior-glazed segment continues to experience strong growth globally.
On the other hand, interior glazed segment is the fastest growing in the market. Interior glazed segment is designed for glass installation from within the building, making it safer and more convenient for low-to mid-rise structures or buildings located in urban areas with tight spaces. This system is particularly beneficial during the construction phase, as it eliminates the need for extensive scaffolding or cranes to access exterior facades, reducing installation time and costs. Moreover, interior glazing offers flexibility for projects that require frequent adjustments or modifications to the glass panels during or after construction. However, its application is limited in high-rise buildings due to the challenges associated with accessing exterior surfaces for repairs or maintenance after installation. While the interior-glazed segment has its niche in smaller-scale projects and specific urban environments, its growth trajectory is relatively slower compared to the exterior-glazed segment.
Analysis by Type
As per the glass curtain wall market outlook, the unitized segment dominates and is expected to exhibit a CAGR of 8.9% during the forecast period. Unitized systems account for a prominent share in the market, taking into consideration that these systems are installed on a large scale on the exterior of buildings. This system type is composed of large units that are pre-assembled and glazed in the factory. The increasing demand for these systems in the commercial sector is one of the factors driving the growth of the glass curtain wall market. The unitized segment is thus expected to witness the fastest growth over the forecast period as many consumers prefer to add the modern glass effect in their commercial projects to attract potential customers.
The stick segment is the fastest growing in the market. The stick system is a technique used for glass curtain walls, where individual materials such as vertical and horizontal mullions (metal rods) are assembled on site piece by piece. These pieces play an important role in the market, and they offer many advantages making it an attractive choice for construction projects. The demand for stick systems in the glass curtain wall market is primarily driven by flexibility, ease of customization and cost. One of the main reasons for the growth of timber systems in the glass curtain wall market is their ability to be customized for building systems. Stick systems offer greater flexibility in size, shape and layout, making them ideal for buildings that easy-standard designs architects and builders.
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North America is dominating the market and is expected to exhibit a CAGR of 8.6% during the forecast period. With the popularity of modular construction due to the expansion of the industry, the glass curtain wall market is growing rapidly in North America. With the increasing demand for modular construction, many businesses are providing them through various channels performance has improved. As a result of end-user spending due to increased capacity, the market in this region also demands high-quality glass textured walls. Furthermore, the demand from the residential sector is expected to be driven by population growth and urban expansion, consequently accelerating the need for affordable housing.
Asia-Pacific accounts for the largest share of the global glass curtain wall market and is expected to exhibit a CAGR of 9.7% during the forecast period. Asia-Pacific is expected to be the leading market and support the market growth as demand it takes the residential buildings. Asia-Pacific region in the glass curtain wall market is projected to witness high growth due to rising economy. India and China are the most populous countries in the Asia-Pacific region, respectively. Growing market share of fabric wall glass is expected to fuel market growth in developing economies such as China and India.
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Drivers
Growing Demand for Energy Efficient Buildings
Rising Urbanization and Infrastructure
Restraints
Increased Initial Costs
Vulnerability to Environmental Factors
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The glass curtain wall market is competitive, with numerous businesses striving to innovate and capture marketplace proportion via product improvement, partnerships, and international growth. The panorama is marked by the presence of massive multinational agencies, local gamers, and specialised corporations, each leveraging specific techniques to meet the growing demand for strength-efficient, aesthetically attractive constructing facades.
Top Player’s Company Profiles
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SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the glass curtain wall market is driven by the growing importance of energy efficient buildings, increasing urbanization and infrastructure development across the globe. The high initial cost of installation and its glassy flexibility can be environmentally damaging pose significant challenges for widespread adoption. Key trends in the market include the integration of smart glass technology, which increases energy efficiency, and a strong focus on sustainability, while more buildings are being constructed to meet the green certification standards. As these trends continue to evolve, the market is expected to witness a steady growth increasing focus on energy efficient and environmentally friendly design solutions.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 55.2 Billion |
Market size value in 2032 | USD 106.72 Billion |
Growth Rate | 7.6% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Glass Curtain Wall Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Glass Curtain Wall Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Glass Curtain Wall Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Glass Curtain Wall Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG60A2001
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