May 17, 2020 2:23 PM ET
iCrowd Newswire – May 17, 2020
The Global Glass Curtain Wall Market is estimated to grow at a CAGR of 9.1% during the forecast period 2019-2026. As per the detailed market study, the global market recorded $42.10 billion in the year 2018 and is estimated to reach $85.72 billion by the end of the year 2026.
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The Global Glass Curtain Wall Market is driven by various growth factors such as increasing focus of end-users toward affordable and green buildings, growth of the construction industry, rapid urbanization and increase in spending on remodelling of commercial and residential buildings. However, increase in prices of raw materials will play a role of growth hindering factor for the global market over the forecast period. Whereas, increasing focus of governments across the world towards investment in the building infrastructure sector will offer lucrative market opportunities in the future period.
Segmentation Overview of the Global Glass Curtain Wall Market
The global glass curtain wall market is segmented on the basis of type, glazing applications, end users. These major market segments are further categorized into various sub-segments to study the market in detail.
The Type Segment of the Global Glass Curtain Wall Market is Sub-Segmented into:
- Unitized Systems
- Stick Systems
The Glazing Application Segment of the Global Glass Curtain Wall Market is Sub-Segmented into:
- Exterior Glazed
- Interior Glazed
The End-User Segment of the Global Glass Curtain Wall Market is Sub-Segmented into:
Geographic Overview of the Global Glass Curtain Wall Market
On the basis of geographical segmentation, the global glass curtain wall market was studied across North America (U.S., Canada and Mexico); Asia Pacific (China, India, Japan, Korea and Rest of Asia Pacific); Europe (Germany, UK, Russia, France and Rest of Europe) and LAMEA (Brazil, Saudi Arabia and Rest of LAMEA). As per the analysis, the Asia Pacific glass curtain wall market dominated the global market in the year 2018. The regional market accounted to register ~1/3rd of the global marketplace. However, the LAMEA glass curtain wall market is estimated to grow at highest CAGR of 10.6% during the forecast period 2019-2026.
Key Players Insights
Xinyi Glass Holdings Limited, SCHOTT AG, S.A.B. de C.V., Vitro, Nippon Sheet Glass Company Ltd., Saint-Gobain, Glass Holdings Ltd., Guardian Industries Holdings, LLC, AVIC Sanxin Co., Ltd., Central Glass Co., Ltd. and GC Inc. are some major players included in the research study of the global glass curtain wall market.
Impact of COVID-19 on the Global Glass Curtain Wall Market
The research report compiled by Report Ocean offers the study of market opportunities and market impact that are created due to the COVID-19 pandemic. The overall market impact of COVID-19 can be witnessed in the Q1 2020 but is anticipated to be highly impacted in subsequent quarters in the whole year.
The Global Glass Curtain Wall Market is analysed to have a negative impact owing to the spread of COVID-19 worldwide. As per the analysis, the market is showing a flat curve during this year considering the current situation and is expected to follow the same trend or can shift downwards, owing to declining global economies, increasing unemployment and massive decline in GDP of countries amid the lockdown period.
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Keywords: Glass Curtain Wall Market