Press release
Glass Curtain Wall Market Revenue, Future Growth, Trends, Top Key Players, Business Opportunities, Industry Share, Size, Forecast by 2027
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Market Restraint
Contracting Construction Activities Worldwide amid COVID-19 to Truncate Growth
Construction projects around the globe have hit a rock as governments in several countries have been imposing strict lockdown and social distancing measures to contain the spread of the coronavirus. The UK-based Royal Institution of Chartered Surveyors (RCIS) reported in August 2020 that 25% of construction projects, globally, had come to a halt in the second quarter of 2020, with on-site productivity falling by 12%. Furthermore, the RCIS estimated that overall growth in construction activities was -24% in the second quarter. Projects delays and cancellations look imminent and this will inevitably stymie the glass curtain wall market growth as builders and developers are unlikely to invest in and adopt high-end aesthetics such as glass curtain walls for their constructions. In the residential sector, diminished sentiments and economic downturn, especially in developing nations, will further inhibit investments in costly structural enhancements, which in turn affect the health of this market.
Regional Insights
Asia Pacific to Command the Market Share Backed by Strong Growth in Construction
Asia Pacific dominated the glass curtain wall market share in 2019, boasting a market size of USD 20.04 billion. The singular reason for the region’s commanding position in the global market is the robust growth of the construction industry in India, China, Thailand, and Vietnam.
The market in Europe is expected to perform impressively as commercial constructions in Eastern European countries are rapidly increasing. In addition, the construction industry in the UK in thriving, bolstering the regional market growth. In the Middle East & Africa region, the market will be led by the rich countries in the Gulf Cooperation Council (GCC), who are looking to diversify their economies by promoting sectors other than oil & gas.
Competitive Landscape
Key Players to Capture Commercial Construction Domain with Novel Solutions
The booming demand for commercial infrastructures and constructions has created unprecedented opportunities for companies in the glass industry. In order to tap them, key players in this market are developing novel glass curtain wall systems to diversify their offerings to potential customers and maximize revenues.
Industry Developments:
April 2020: Italy-based Gualini Spa announced that it will be completing the extension project at the Orio al Serio, Italy’s third-largest airport in terms of passenger numbers. Gualini will also be supplying and installing stick curtain walls with external glazed facades to make the building aesthetically pleasing.
April 2019: Vitro Architectural Glass installed two solar control low emissivity glass solutions, which are part of the company’s unitized curtain wall systems, in Urban Union, Amazon’s headquarter expansion project in Seattle. The site-built, high-performance glass products are aimed at making the building sustainable and energy efficient.
List of Key Companies Profiled in the Glass Curtain Wall Market Report:
Central Glass (Japan)
AVIC Sanxin Co., Ltd (China)
Guardian Industries (US)
Vitro (Mexico)
Asahi Glass (Japan)
Saint-Gobain (France)
Xinyi Glass Holdings Limited (Hong Kong)
China Glass Holdings Limited (Hong Kong)
Schott AG (Germany)
Nippon Sheet Glass (US)
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