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Fire Resistant Glass Market
Fire Resistant Glass Market By Type (Gel-Filled Fire Resistant Glass, Tempered/Toughened Fire Resistant Glass, Wired Fire Resistant Glass, Ceramic Fire Resistant Glass, Laminated Fire Resistant Glass), By Frame System (Aluminum, Steel, Timber, Plastics and Composites) By Class (EW Class, EI Class, E Class), By End-Use (Building and Construction, Commercial Buildings, Industrial Building, Transportation, Others), And Region -Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits - Forecast 2024-2032
Industry : Chemicals & Materials | Pages : 194 Pages | Published On : Aug 2024
Market Overview
Fire-rated glass is a special type of glass that has been shown through fire tests to provide long-term fire protection. Governments across the globe have enacted various fire safety laws and regulations which have aided the growth of the market such as the International Building Code and the National Fire Protection Association are the primary regulatory agencies that set product standards and fire ratings. The increasing commercial construction activities across the globe and increasing fire safety standards for construction are driving the market growth and other factors driving the market demand are the growing demand for fire-resistant cabins in marine and commercial vessels and increasing investments in the marine industry across the globe. The Increasing incidence of fire accidents and rising construction industry will further drive the market growth during the forecast period the increase in fires has led to increased spending by national governments around the world to improve fire safety in buildings including residential and commercial also the movement of population towards urban economic centers has increased the demand for urban housing projects and high-rise buildings which has led to the development of various residential projects with adequate fire safety standards.
Fire Resistant Glass Market Size
Report | Details |
---|---|
Market Size Value | USD 10.2 Billion in 2023 |
Market Size Value | USD 15.4 Billion by 2032 |
CAGR | 8.8% |
Forecast Period | 2024-2032 |
Base Year | 2023 |
Historic Data | 2020 |
Major vendors in the global Fire resistant glass market are Schott AG, NSG Pilkington, Pyroguard, Asahi Glass, Saint-Gobain, Kuraray, Ravensby Glass, Fuso Glass and Others.
Increase in growth of commercial construction industry
The growth of the commercial construction industry is a major driver for the fire-resistant glass market as urbanization increases around the world the construction of industrial buildings such as office buildings, shopping malls and hotels is also increasing these developments must strictly comply with safety regulations including fire safety regulations. The fire-resistant glass fills this important need by improving protection against fire hazards and helping to contain flames and smoke to a designated area in an emergency also the advancement in building practices and codes increasingly mandate the inclusion of fire-resistant materials, including glass in building designs. This regulatory environment is driving demand for fire-resistant glass solutions across all sectors of the commercial construction industry also the aesthetic and functional nature of fire glass which combines safety and architectural appeal this makes it an attractive material for modern architectural projects. The expansion of the commercial construction industry due to urbanization, stricter safety standard and the many fire-retardant class products shows its important role in creating the growth of the international market.
Market Dynamics
Drivers:
- Increase in growth of commercial construction industry
- Increase in rapid urbanization
- Strict building safety regulations
Opportunities:
- Expansion in emerging market
- Integration with small building technology
- Vertical integration and supply chain optimization
Expansion in emerging market
Expansion in emerging markets is a strong opportunity for the fire-resistant glass market due to several important factors such as the emerging markets are experiencing rapid urbanization and infrastructure development leading to increased construction activity in various sectors including industrial, residential and commercial. In the modern age of these markets more and more attention is paid to compliance with international safety standards and regulations such as fire safety requirements. The architectural trends in emerging markets are often geared toward new designs that incorporate safety features without compromising aesthetics fire-resistant glass which offers safety and design simplicity is ideal in this situation. The manufacturers and suppliers can use their expertise to provide fire-resistant glass solutions that meet local regulatory standards and the unique architectural needs found in a region and the entering new markets helps companies diversify their revenues and reduce their dependence on mature markets the strategic partnerships with local distributors, architects and developers can accelerate market penetration and adoption of fireproof class solutions. The expansion into new markets presents significant growth opportunities for fire glass manufacturers due to increased safety and manufacturing practices standards and market dynamics favor innovation and market growth.
The market for fire resistant glass is dominated by North America
North America leads the fire-resistant glass market for several important reasons due to local building safety laws mandate the use of fire-resistant materials including glass in commercial and residential building also the greater understanding among architects, builders and homebuilders about the importance of fire safety is driving demand and the technology and innovation in glass manufacturing in North America will improve product performance and aesthetic appeal. The strong growth in sectors such as healthcare, hospitality and commercial real estate has led to the adoption of fire-resistant glass solutions across the country.
The Asia Pacific region is emerging as a significant market for fire resistant glass due to various factors such as the rapid urbanization and industrialization in countries such as China, India and Southeast Asian countries are driving extensive construction activities in the residential, commercial and industrial sectors. The increased awareness of safety standards and laws are influenced by international activities is increasing the demand for fireproof materials including glass also the increased investment especially urban development projects and urban projects will contribute to the introduction of construction technologies including fire-resistant glass and the increasing disposable income and growing consumer demand for safe and durable residential properties are contributing to the emergence of the Asia Pacific market.
The EI class segment is anticipated to hold the largest market share during the forecast period
The fire-resistant class of the EI category meets the E standard when one side is exposed to fire and the temperature rise is limited to the invisible side compared with other grades the integrity and insulation (EI) fire resistance class provides the best protection against fire, smoke and heat for some time so it is widely used in various final institutions.
The steel is combined with fire-resistant glass to create a very strong fire barrier and also contributes to fire safety measures by holding the glass in place in the event of a fire steel is used more often in fire-rated glass panels than in any other frame structure. This is because it is resistant to corrosion and very good in any environment these properties turn steel into fire-resistant glass structures for a variety of applications. Steel panels also have many advantages such as thermal insulation, reliability and load-bearing capacity that increase the fire resistance of glass which also helps in the growth of demand for aluminium structures.
Major Segmentations Are Distributed as follows:
- By Type:
- Gel Filled Fire Resistant Glass
- Tempered/Toughened Fire Resistant Glass
- Wired Fire Resistant Glass
- Ceramic Fire Resistant Glass
- Laminated Fire Resistant Glass
- By Frame System:
- Aluminium
- Steel
- Timber
- Plastic and Composites
- By Class:
- EW Class
- EI Class
- E Class
- By End-Use:
- Building and Construction
- Commercial Buildings
- Industrial Buildings
- Transportation
- Others
- By Region
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Germany
- France
- Italy
- Spain
- U.K.
- Russia
- Austria
- Rest of Europe
- Asia Pacific
- North America
-
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
-
- Middle East & Africa
-
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
Recent Developments
- May 2022, AGC Inc. announced plans to expand the production capacity of its new company, AGC Vinythai Public Company Limited in Thailand. The total investment in this expansion is estimated at more than 100 billion yen.
- May 2022, Saint-Gobain has signed sales agreements with Portuguese companies Falper and Fibroplac in line with the company's "Grow and Impact" strategy. This strategy gave good results in the Portuguese market.
- October 2021, NSG Group has entered into a collaboration with Cohda Design Limited to manufacture glass to conduct electricity. These advances in the glass industry will reduce the reliance on wires to supply electricity to operate the fixtures.
Answers to Following Key Questions:
- What will be the fire resistant glass market’s Trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers in the fire resistant glass market?
- What are the main forces behind worldwide fire resistant glass market? Which companies dominate fire resistant glass market?
- Which companies dominate fire resistant glass market? Which business possibilities, dangers, and tactics did they embrace in the market?
- What are the global Insight Engines industry's suppliers' opportunities and dangers in fire resistant glass market?
- What is the Insight Engines industry's regional sales, income, and pricing analysis? In the fire resistant glass market, who are the distributors, traders, and resellers?
- What are the main geographic areas for various trades that are anticipated to have astounding expansion over the fire resistant glass market?
- What are the main geographical areas for various industries that are anticipated to observe astounding expansion for fire resistant glass market?
- What are the dominant revenue-generating regions for fire resistant glass market, as well as regional growth trends?
- By the end of the forecast period, what will the market size and growth rate be?
- What are the main fire resistant glass market trends that are influencing the market's expansion?
- Which key product categories dominate fire resistant glass market? What is fire resistant glass market’s main applications?
- In the coming years, which fire resistant glass market technology will dominate the market?
TOC
Table and Figures
Methodology:
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