The global fire-resistant glass market was valued at US$ 4.35 Bn in 2019 and is expected to reach 7.21 Bn by 2027, at a CAGR of 13.8% during a forecast period.

 

Global Fire-Resistant Glass Market

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Fire resistant glass is a safety glass, which designed to control the spread of fire, heat, and smoke that provides high tensile strength, durability, fire resistance. It helps in minimizing causalities occurred from the fire. The global fire resistant glass market is driven by growing stringent norms on fire safety and increasing demand for passive fire protection equipment and systems in the commercial as well as industrial sector.

Development in construction industries and rising production capacity of shale gas are impelling the market growth in the forecast period. However, the high production cost and availability of internal substitutes may restrain the market growth at a global level. Better design flexibility with safety and the evolving building & construction industry will create beneficial growth opportunities for key players in the market. Impulsive market conditions and technological benchmarks in Asia-Pacific are the key challenges for the fire resistant glass market in the forecast period.

By application, the building and construction segment has led the fire resistant glass market in 2019 and is estimated to generate more than US$ xx Mn market revenue by 2027, with a CAGR of xx %. It is extensively utilized to build fire windows, walls, and doors in the school, hospitals, commercial and residential buildings to avoid the expanse of flames and smoke and stop the transforming radiant and conductive heat.

Growing construction activities along with rising urbanization in developing countries are expected to increase the product demand in the segment. The Indian real estate industry is projected to reach US$ xx Bn and to contribute approximately xx% to the country’s GDP by 2027.

Global Fire-Resistant Glass Market1
Fire Resistant Glass Market Regional Analysis:

By region, North America held the dominant market share of xx% in 2019 and is expected to reach US$ xx Mn by the end of 2027, with a CAGR of xx%. Stringent regulations about building safety and fire safety to reduce asset loss and increase human safety in the region will propel the market growth in the forecast period. Increasing investments in the marine industry owing to the growing demand for fireproof cabins in ships utilized in commercial and navel applications are propelling the market growth in North America. Developed countries such as the U.S. and Canada are the major contributors to the fire resistant glass market growth in North America.

Asia Pacific is expected to grow at a significant CAGR of xx% during the forecast period thanks to the presence of a large number of key players and growing per capita income in emerging economies such as India, China, and Malaysia. Rising expenditure and increasing adoption of these glasses for residential and commercial infrastructure development will impel the market growth in the region. Increasing investment by overseas companies for the growing production facilities in various end-user industries and raising the standard of living are successfully contributing to the market growth in the region.

The objective of the report is to present a comprehensive analysis of the Global Fire Resistant Glass Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Fire Resistant Glass Market dynamics, structure by analysing the market segments and project the Global Fire Resistant Glass Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Fire Resistant Glass Market make the report investor’s guide.
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Global Fire Resistant Glass Market, By Type

• Laminated
• Tempered
• Wired
• Ceramic
Global Fire Resistant Glass Market, By Application

• Building and Construction
• Marine
• Others
Global Fire Resistant Glass Market, By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Fire Resistant Glass Market,

• Guangdong Mingan Fire Resistant Glass
• Asahi Glass Co. Ltd
• Heng Bao Fire Glass
• Metalco Glazing
• Essex Safety Glass
• Burhani Glass Factory
• Saint-Gobain
• SCHOTT
• Pilkington
• Dunamenti
• DB Glass
• SaftiFirst
• Robax
• NSG
• AGC

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