Asia Pacific Curtain Wall Market Size - By Fabrication Type (Stick system, Unitized system), By Construction Type (Refurbishment, New Construction), By Application (Commercial, Residential) & Forecast, 2024 – 2032

Asia Pacific Curtain Wall Market Size

Asia Pacific Curtain Wall Market size was valued at USD 12.7 billion in 2023 and is anticipated to register a CAGR of 7.9% between 2024 and 2032. This growth has been attributed to a variety of factors such as rising urbanization, booming construction industry, rising disposable income, trend of rising aesthetics of living spaces. The Asia Pacific construction industry is experiencing a period of phenomenal growth, particularly in developing economies like China and India.
 

According to the Associated Chambers of Commerce and Industry of India (ASSOCHAM), the Indian construction sector is poised to reach a remarkable USD 7.9 trillion by 2025, translating to a CAGR of 7.8%. This immense construction activity implies to a constant demand for building materials, and curtain walls play a crucial role. Their modern aesthetics and ability to create light-filled, energy-efficient spaces make them particularly attractive for commercial buildings, shopping malls, and high-rise residential developments. Also, rapid urbanization across the region is creating a demand for high-rise buildings and skyscrapers.
 

According to a World Bank report states that by 2030, Asia will be home to 60% of the world's urban population. These large-scale urban development projects heavily utilize curtain walls for their exceptional aesthetics, energy efficiency, and ability to maximize natural light within buildings. This trend is expected to continue propelling the growth of the Asia Pacific curtain wall market in the coming years. Furthermore, the growth of disposable income in Asia Pacific is projected to grow at a healthy rate, with the region experiencing the fastest growth globally.
 

According to the U.S. Energy Information Administration, total disposable income in Asia Pacific is expected to reach USD 20.5 trillion by 2024.This implies to the increased in consumer spending, fueled by the purchase of home improvement items, fuled by the desire to look and feel factor of the living spaces as People are investing in creating a visually appealing and comfortable living environment, curtain walls contribute significantly to this trend by offering a sleek, modern aesthetic that elevates the exterior of a home.
 

One major concern in the growth of the Asia Pacific curtain wall market is the heavy reliance on aluminium, which can impact the market by changes in its prices. The Aluminium Industry Association (ASIA) reports that in 2023, China remained the world's largest consumer of aluminium, accounting for over 50% of global demand. This dependence on imports makes Asian curtain wall manufacturers particularly vulnerable to global aluminium price fluctuations. For curtain wall manufacturers and contractors, these price hikes can significantly erode profit margins.
 

A survey conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI) among Indian curtain wall companies in 2023 revealed that over 60% of respondents experienced a profit margin decline due to rising aluminium costs. Manufacturers and suppliers can tackle this by diversifying material sourcing by building partnerships with aluminium producers across different regions can help reduce dependence on a single source and potentially lead to more stable pricing and by exploring alternate materials, such as steel or composite panels for specific curtain wall applications can offer cost-effective options.
 

Asia Pacific Curtain Wall Market Trends

There is a growing trend of being eco conscious in Asia Pacific curtain wall industry. According to the International Energy Agency (IEA) buildings in Asia Pacific account for over 40% of the region's total energy consumption. Green curtain walls, with their focus on energy efficiency, can significantly contribute to reducing this figure. The Asia Pacific Curtain wall market is experiencing a growing emphasis on energy efficiency, driven by rising utility costs and environmental concerns.
 

Therefore, manufacturers are developing innovative systems with features like high-performance glazing which includes double or triple-paned insulated glass units with low-e coatings that reflect solar heat gain while allowing natural light to enter the building. Thermally broken framing where frames incorporate a barrier that minimizes heat transfer between the interior and exterior of the building, reducing the need for heating and cooling systems. The Integrated shading systems are getting quite popular where automated louvers or blinds can be incorporated into curtain wall systems to dynamically adjust to sunlight conditions, preventing excessive heat gain and improving energy efficiency.
 

Another trend is the incorporation of the green certifications. Building certification programs like LEED (Leadership in Energy and Environmental Design) and Green Mark are gaining widespread recognition across the region. These programs reward buildings that meet specific criteria for sustainability, including energy efficiency, material selection, and occupant health. Hence, green curtain walls can play a crucial role in achieving these certifications by contributing points towards energy savings and use of recycled materials.
 

According to the U.S. Green Building Council (GBC) LEED-certified buildings in Asia Pacific have grown by over 300% in the past five years. This rapid growth signifies the increasing importance of sustainable construction practices in the region.
 

Additionally, there is a steep rise of Building Information Modeling system in curtain walls as well. BIM facilitates seamless collaboration between architects, engineers, and curtain wall fabricators. 3D models allow for efficient communication of design intent, minimizing errors and misunderstandings during project execution. A 2023 study by the Singapore Green Building Council (SGBC) found that BIM implementation can improve collaboration within construction teams by up to 20%.
 

Also, BIM-generated models can be used to create detailed shop drawings and fabrication instructions for curtain wall systems. This reduces the risk of errors during on-site installation, leading to faster project completion times and improved quality control. A report by the Korea Institute of Building Information Modeling (KIBIM) indicates that BIM implementation has resulted in a 10% reduction in installation errors for curtain wall projects in South Korea.
 

Asia Pacific Curtain Wall Market Analysis

Based on fabrication, the market can be segmented into stick system, unitized system. The unitized system segment accounted for revenue of around USD 8.11 billion in the year 2023 and expected to reach around USD 15.89 billion by 2032. In the Asia Pacific region, unitized curtain wall systems have emerged as the dominant choice compared to traditional stick systems. This dominance can be attributed to several key factors such as efficiency and reduced costs. Unitized systems are pre-assembled in a factory-controlled environment, allowing for quicker installation on-site compared to stick-built systems, which are assembled piece by piece on-site. This can lead to shorter construction schedules and reduced labor costs.
 

Manufacturing unitized curtain wall panels in a controlled factory environment allows for better quality control compared to stick-built systems, which are subject to weather conditions and on-site variables. This results in a higher quality finished product with fewer defects. According to the China Academy of Building Research (CABR) highlights that unitized systems can achieve installation speeds up to three times faster than stick systems. This rapid installation translates to faster project completion times, a critical factor in the fast-paced construction environment of Asia Pacific.
 

Based on construction type, the Asia Pacific curtain wall market is categorized into Refurbishment, new construction. The new constructed curtain wall segment accounted for USD 9.38 billion in the year 2023 and expected to reach USD 18.15 billion by 2032. As, there is growing trend of usage of energy efficient curtain walls, new construction techniques and materials offer improved insulation properties, allowing buildings to better retain heat in colder climates and keep interiors cooler in warmer climates. This can lead to reduced energy consumption for heating and cooling, resulting in lower utility bills and decreased environmental impact.
 

Innovations in materials science have led to the development of lightweight yet durable materials for curtain walls. These materials may offer better resistance to weathering, UV radiation, and corrosion, resulting in longer lasting and more resilient building exteriors.
 

China dominated the Asia Pacific curtain wall market with revenue of around USD 4.65 billion in the year 2023 and expected to reach around USD 9.41 billion by 2032. China boasts the world's largest construction sector, fueled by rapid urbanization and government investments in infrastructure projects. According to a report by the China National Bureau of Statistics (NBS), the construction sector's value added reached a staggering USD 8.9 trillion in 2023.
 

SCWG is a major player in China's curtain wall industry, known for its innovative designs and focus on energy-efficient systems. They have contributed curtain wall solutions for various prestigious projects within China, like the Shanghai Tower. China has a well-established and highly competitive curtain wall manufacturing industry. The China Glass Association (CGA) estimates that China accounts for over 60% of the total curtain wall production capacity in the Asia Pacific region.
 

Asia Pacific Curtain Wall Market Share

Key players involve in the Asia Pacific Curtain wall industry are Shenyang Yuanda Aluminium Industry Engineering Co. Ltd., Permasteelisa Group, Suzhou Gold Mantis Construction Decoration Co. Ltd., China State Construction Development Holdings Ltd,Beijing Jangho Cirtain Wall Co. Ltd. and others  accounting market share of 7-12% in 2023. Manufacturers are continually investing in R&D to build advanced Asia Pacific Curtain wall with technological advances such as advanced shading systems, energy efficiency, and smart curtain walls to provide customers with more control and convenience.
 

Asia Pacific Curtain Wall Market Companies

Major companies operating in the Asia Pacific curtain wall industry include:

• AGC Inc.
• Beijing Jangho Curtain Wall Co. Ltd.
• Central Glass Co., Ltd.
• China State Construction Development Holdings Ltd.
• EFCO Corporation
• Elicc Group
• Hainan Development Holdings Nanhai Co., Ltd.
• Nippon Sheet Glass Co., Ltd.
• Permasteelisa Group
• Saint-Gobain Group
• Schott AG
• Shenyang Yuanda Aluminium Industry Engineering Co. Ltd.
• Suzhou Gold Mantis Construction Decoration Co. Ltd.
• Technal
• Vitro S.A.B. de C.V.
• Xinyi Glass Holdings Limited
• Yuanda China Holdings Limited
   

Asia Pacific Curtain Wall Industry News

• In September 2023, Singapore-based Kuraray introduced a new interlayer film for laminated glass curtain walls. This product offers improved sound insulation and UV protection while maintaining high transparency, catering to the growing demand for sustainable building solutions in Southeast Asian urban centres.
   
• In March 2022, China-based Yuanda Group unveiled an innovative "smart curtain wall" system that integrates IoT sensors and AI technology. This system can automatically adjust shading and ventilation based on environmental conditions, improving energy efficiency in commercial buildings.
   
• In July 2021, Japan-based YKK AP Inc. announced in 2021 the expansion of its manufacturing capabilities in Vietnam, aiming to increase production capacity for curtain wall systems to meet growing demand in Southeast Asian markets.
   
• In May 2020, Chinese curtain wall manufacturer Jangho Group acquired a majority stake in Australian façade specialist Ace Body Corporate Management. This move was aimed at expanding Jangho's presence in the Australian market and strengthening its position in the Asia Pacific region.
   

The Asia Pacific curtain wall market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Million) (Mn Units) from 2021 to 2032, for the following segments:

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Market, By Fabrication

• Stick system
• Unitized system

Market, By Construction

• Refurbishment
• New Construction

Market, By Application

• Commercial
• Residential

The above information is provided for the following regions and countries:

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific