APAC Commercial Glazing System Market Projected to Grow Steadily During 2014 - 2020
A glazing system is typically designed based on the building requirements, and is customised to suitdifferent purposes.Glazing systems are differentiated on the basis of use of structural silicon as a support. The commercial glazing market can also be segmented on the basis of technology into dynamic glazing system, multifunctional advanced glazing system and next generation thermally-insulated windows. All major players in the commercial glazing system market offer a wide variety of structural designs to cater to customer requirements. The market can also be segmented on the basis of product into commercial windows, curtain walling, ground floor treatment and roof glazing.
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The global commercial glazing market is highly dependent on construction sector, the developing markets of APAC such as China and India are estimated to be the key demand generator. Emerging markets of the Middle East are also expected to surface as major consumers of glazing systems over the next five year. Automotive glazing is also an upcoming industry in the glazing system market. See-through body panels or rear windows, and transparent sunroofs are new trends in automobile manufacturing.
The commercial windowssegment presently dominates the UK marketand is anticipated to be the fastest growing segment of commercial glazing systems market by 2020 in APAC. The commercial window segment is estimated to growat a CAGR of 13–15% by 2020. A shift towards urbanisation is spurring the growth of the curtain walling market especially in China. The curtain walling market in China is expected to grow at a CAGR of 10-12% through 2020.
Major players in the commercial glazing system market are Saint-Gobain,Solar Innovations, Bayer, DuPont, A.C. Yule and Sons Ltd., and Alcoa.Players are now seen investing more time in tapping into the retrofitting market rather than construction. Retrofitting refers to making an older building more efficient with regard to energy consumption and other credentials. Due to diminishing energy resources, governmentregulations and environment consciousness, the demand for green buildings is increasing. Builders are now understanding the potential savings from retrofit investments.
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Due to stringent government regulations for energy consumption, the expandingconstruction and service sector, the retrofitting trend, and the increasing interest in see through automobiles, the commercial glazing systems market is expected to havemuchuntapped potential, especially in APAC.
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