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The global glass curtain wall market size is projected to reach USD 71.14 billion by 2027 owing to favorable government policies promoting investments in the construction industry in emerging economies, shares Fortune Business Insights™ in its 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”. The report states that the global market value was at USD 48.06 billion in 2019 and is expected to register a CAGR of 7.3% from 2020 to 2027.
The on-going COVID-19 pandemic is negatively impacting the glass curtain wall market growth as measures to curb the spread of the virus have critically affected construction activities worldwide. Moreover, massive supply chain disruptions and overall economic downturn will further limit the growth of this market in the immediate future.
Kawneer Launches New Curtain Wall with Superior Thermal Performance
Kawneer Company, a major manufacturer of architectural aluminum systems based in the US, introduced the 1620UT/1620UT SSG curtain wall system in October 2019. Building on the popularity and success of the company’s 1600UT platform, the enhanced system features a specially-designed polymer thermal separator and houses a 1-inch thin insulating glass. The glass makes the curtain wall unit ideal for climates where thermal insulation is a high priority. Moreover, the glass curtain wall system is available in several variants, including a two-sided mullion solution that enables uninterrupted views of the surroundings. With the introduction of this innovative solution, Kawneer aims at carving a space for itself in the US construction industry.
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Growing Emphasis on Building Aesthetics to Generate Considerable Demand
The demand for glass curtain wall systems is rising at a steady rate as architects and construction developers are increasingly focusing on enhancing the aesthetics of buildings with niche materials and products. For example, Heintges & Associates installed curtain walls in the Kent State Center for Architecture and Environmental Design in Ohio, United States in such a way that the walls provided a continuous sightline, with the façade blending smoothly with the overall building design. Similarly, Josef Gartner GmbH designed curtain walls for the JTI Headquarters in Geneva, Switzerland, mirroring the surroundings of the city, including the Swiss Alps and Lake Geneva. More importantly, unitized curtain wall was engineered to comply with the Swiss Minergie sustainability rating and European Energy Directives. Companies working in this domain are, evidently, innovating on multiple lines, creating novel solutions, and designing products that are both eco-friendly as well as aesthetically pleasing.
Leading Companies to Concentrate on Consolidating Market Position
The competitive landscape of this market is marked by the presence of a few key players, who are veterans in the glass industry. Armed with robust product portfolios and strong finances, these players are aggressively expanding their operations in developing markets such as India and China, where the demand for building facades is booming. Additionally, companies are also ramping up investments in R&D to engineer next-gen curtain walling products that are sustainable and can augment the architectural features of any structure.
List of Key Players Covered in this Market Report:
Further Report Findings:
Table of Segmentation:
Value (USD Billion)
Product Type, Application and Geography
By Product type