Global Curtain Wall Market 2017-2021
About Curtain Wall
Curtain walls are non-structural cladding systems used in multi-story buildings as external walls. They are different from traditional brick and mortar walls as they do not support the weight of the building. Curtain walls support their own weight along with small loads, such as wind and seismic loads. However, these systems do not support the load of buildings, such as traditional wall systems, and are not a part of the primary structure of the building. The major advantage of curtain walls when compared with normal walls is that they can be built using lightweight materials and thus the manufacturing cost can be reduced. Also, by using curtain walls, the penetration of natural light into the building can be increased, reducing the need for lighting during the daytime.
Technavio’s analysts forecast the global curtain wall market to grow at a CAGR of 5.79% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global curtain wall market for 2017-2021. To calculate the market size, the report considers the demand for curtain walls.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Curtain Wall Market 2017-2021
Technavio recognizes the following companies as the key players in the global curtain wall market Apogee Enterprises, Permasteelisa, Schüco International, Yuanda China Holdings, and Skanska
Other Prominent Vendors in the market are: AVIC SANXIN, Central Glass, CHINA FANGDA GROUP, FAR EAST GLOBAL GROUP, Saint-Gobain Glass, Gold Mantis, and YKK.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increase in number of skyscrapers. Many regions witnessed a substantial increase in the number of skyscrapers in the last year. The decreasing availability of land coupled with rapid urbanization is the major reasons for the rise in the construction of skyscrapers. This trend is rapidly spreading across the world. China is witnessing immense investments in the construction of skyscrapers. The construction of nearly 84 skyscrapers, about 200-meter-high, was completed in China in 2016 alone. The Guangzhou Chow Tai Fook Finance Centre is one of the Chinese skyscrapers that falls in the list of top 20 tallest buildings in the world.”
According to the report, one of the major drivers for this market is Rapid growth of construction sector. Over the last few years, sectors, such as healthcare, education, technology, and other manufacturing and IT industries, have been growing considerably. The number of hospitals, schools, business parks, and other facilities is increasing every year due to demands of the growing population and technological advances. Also, numerous residential and commercial construction activities are taking place in different parts of the world to accommodate the increasing population. These factors are expected to drive the global curtain wall market during the forecast period.
Further, the report states that one of the major factors hindering the growth of this market is Sluggish Chinese economy. The Chinese economy is experiencing a slowdown, which is expected to have a significant impact on the global curtain wall market. As the market is directly related to the construction industry, any impact in the latter will lead to a decline in the market. In 2015, the Chinese economy fell by 6.91%, which can be attributed to the poor performance of the country's real estate sector and significant manufacturing overcapacity. As the real estate sector contributes nearly 30% to the country's GDP, as per World Bank estimates, its sluggishness has had adverse repercussions on China's economy. The price growth in the real estate sector in Shanghai fell from 10% in 2015 to 4% in 2016, as per World Bank. As a result, vendors in the construction industry in China incurred huge losses.
Apogee Enterprises, Permasteelisa, Schüco International, Yuanda China Holdings, Skanska, AVIC SANXIN, Central Glass, CHINA FANGDA GROUP, FAR EAST GLOBAL GROUP, Saint-Gobain Glass, Gold Mantis, and YKK.