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Glass Curtain Wall Market was valued at USD 55.2 billion in 2023 and is anticipated to grow at a CAGR of 7.6% from 2024 to 2032. Glass curtain walls offer a modern, sleek, and transparent appearance that is favored by contemporary architectural designs, creating visually striking and iconic buildings. High-performance glass technologies, such as low-E coatings and insulated glazing units, contribute to improved thermal insulation, reducing energy consumption for heating and cooling.
Glass curtain walls provide unobstructed views of the surrounding environment, connecting occupants with the outdoors and enhancing the indoor experience. Glass allows ample natural light to enter the building interior, creating well-lit and inviting spaces that enhance occupant comfort and productivity.
Report Attribute | Details |
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Base Year: | 2023 |
Glass Curtain Wall Market Size in 2023: | USD 55.2 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 7.6% |
2032 Value Projection: | USD 106.2 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 150 |
Tables, Charts & Figures: | 190 |
Segments covered: | Type, Frame Material, End-use, Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Glass is a poor insulator, and maintaining energy efficiency can be a challenge. The extensive use of glass can lead to solar heat gain, resulting in increased cooling demands. Improper detailing and insulation can lead to condensation issues within the curtain wall system, potentially causing mold growth and degradation over time. Thus, the risks associated with Glass curtain wall may drive down the acceptance rate, further hampering the business expansion.
Lockdowns, restrictions, and disruptions in supply chains led to delays and suspensions of construction projects worldwide. Many construction sites were temporarily closed, impacting the installation of glass curtain wall systems. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the glass curtain wall industry expansion in the upcoming years.
The focus on sustainable building practices is driving the adoption of energy-efficient glass curtain walls. Advanced glazing technologies, such as low-E coatings, triple glazing, and dynamic glass, enhance thermal performance and reduce energy consumption. Smart glass technologies that can change transparency, tint, or opacity in response to environmental conditions or user preferences are becoming more popular. These technologies enhance occupant comfort, energy efficiency, and privacy. Architects are using parametric design tools to create complex and customized glass curtain wall systems; thus, the growing prevalence is expected to expedite the glass curtain wall industry statistics.
Based on type, the glass curtain wall market is segmented as single glazed, double glazed, triple glazed, insulated glass units (IGUs), low-emissivity (Low-E) glass, reflective glass, transparent glass, tinted glass, laminated glass. Fresh sources held a majority market value of USD 8.3 billion in 2022. Single glazed are fabricated off-site, allowing for faster installation, and reduced on-site labor, which can be a demand driver for large-scale projects.
Based on frame material, the glass curtain wall market is segmented as aluminum framed, steel framed, glass-fiber reinforced polyester (GFRP) framed, composite framed, wood framed, others. Aluminum held a dominant market share of around 35% in 2022 and is expected to grow at a lucrative pace through 2032. Aluminum frames offer sleek and modern aesthetics that align with contemporary architectural designs.
Based on end-use, the glass curtain wall market is segmented as residential, commercial, others. Commercial held a dominant market share in 2022 and is anticipated to grow at 7.2% CAGR through 2032. Glass curtain walls offer a modern and impressive façade, attracting businesses looking for iconic and visually appealing structures. Thus, the high-quality services and growing usage of Glass curtain wall at food centres are anticipated to expedite the business growth.
U.S. dominated the North American region with majority glass curtain wall market share and a revenue of USD 11.0 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. Stringent energy codes and sustainability standards, such as LEED (Leadership in Energy and Environmental Design), drive the adoption of energy-efficient glass curtain walls to meet compliance requirements.
Some of the major business players operating in the glass curtain wall market are
These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
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By Type
By Frame Material
By End-use
The above information is provided for the following regions and countries: