Asia Pacific Curtain Wall Market Analysis

Asia Pacific Curtain Wall Market Analysis

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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.