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Modern Facades: Trends in Glass Curtain Walls
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According to The Business Research Company's, The glass curtain wall market size has grown strongly in recent years. It will grow from $56.78 billion in 2023 to $61.82 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to urbanization and construction, architectural aesthetics, energy efficiency regulations, natural light and view, sustainable construction.
The glass curtain wall market size is expected to see strong growth in the next few years. It will grow to $85.38 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to urban heat island mitigation, building information modeling (bim), smart building integration, resilient building designs, net-zero energy buildings. Major trends in the forecast period include dynamic glass technology, transparency and daylighting, high-performance coatings, sound insulation solutions, prefabrication and modular systems.
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Market Drivers and Trends:
The rise in consumer spending on home remodelling is significantly driving the growth of the glass curtain wall market. As the glass curtain walls provide completely refurbished modern looks for the aged buildings and houses with seamlessly incorporated designs and patterns, the consumers have started spending more on them to get more enhanced looks for their homes. For instance, in August 2023, according to the U.S. Census Bureau, a US-based government agency, retail sales in furniture and home furnishings solutions increased to $12.53 billion in January 2023 from $11.73 billion in January 2021. So, the increasing spending on home remodelling is expected to propel the growth of the glass curtain wall market over the coming years.
Low emissivity glass curtain wall is a key trend gaining popularity in the glass curtain wall market. Major companies operating in the glass curtain wall sector are focused on developing new technological solutions to strengthen their position. For instance, in February 2021, Vitro Architectural Glass launched Solarban R77 solar control, low-emissivity (Low-E) glass that combines a sharp, neutrally reflective silver-blue aesthetic along with the building-code-friendly solar performance. Vitro Glass created the glass to fill a specific gap in the company's portfolio, providing architects with a comfortable exterior-reflected colour that is more subtle than Solarban R100 glass but more defined compared to the reflective appearance of Solarban 67 glass.
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Major Key Players of the Market:
Saint-Gobain SA, Asahi Glass Ltd., Central Glass Co. Ltd., Guardian Industries Corp., Nippon Sheet Glass Co. Ltd., Avic Sanxin Co. Ltd., Schott AG, China Glass Holdings Limited, In vitro diagnostics, Xinyi Glass Holdings Limited., Apogee Enterprises Inc., Kawneer Inc., Arconic Inc., Hansen Group Ltd., heroal - Johann Henkenjohann GmbH & Co. KG, Kalwall Corporation, Yuanda China Holdings Limited, MERO Asia Pacific Pvt. Ltd., Innovation Glass Private Limited, GLASSCON Pty Ltd., Jamar Malta Ltd., Cardinal Glass Industries Inc., CEVITAL SPA, Fuyao Glass Industry Group Co. Ltd., Permasteelisa S.p.A., Far East Global Group Limited, Gold Mantis Construction Decoration Co. Ltd., China National Building Material Company Limited, Suzhou Gold Mantis Construction Decoration Co. Ltd., Beijing Jangho Curtain Wall Co. Ltd., China Fangda Group Co. Ltd., Shenzhen King Faade Decoration Engineering Co. Ltd., Guangzhou Leadsea Industry Co. Ltd., Shenyang Yuanda Aluminium Industry Engineering Co. Ltd., Alumil Aluminium Industry S.A., Gartner KG, Permasteelisa North America Corp., Enclos Corp., Wausau Window and Wall Systems, YKK AP America Inc.
Glass Curtain Wall Market 2024 Key Insights:
• The glass curtain wall market size is expected to see strong growth in the next few years. It will grow to $85.38 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%.
• Consumer Spending On Home Remodeling Fuels Glass Curtain Wall Market Growth
• Growing Popularity Of Low Emissivity Glass Curtain Walls
• Asia-Pacific was the largest region in the glass curtain wall market in 2023
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