Fire-Rated Glass Market Size is projected to reach USD 11.95 Billion by 2031, growing at a CAGR of 11.2%: Straits Research

Straits Research – Market Research Strategy | Strategy Consulting | Business Research | Business Consulting | Market Research

The global fire-rated glass market was valued at USD 4.6 billion in 2022. It is projected to reach USD 11.95 billion by 2031, growing at a CAGR of 11.2% during the forecast period (2023–2031). North America is the most significant contributor to the global fire-rated glass market and is anticipated to grow at a CAGR of 10.3% during the forecast period.

New York, United States, Jan. 19, 2023 (GLOBE NEWSWIRE) — Tests on fire resistance have demonstrated that a specific kind of glass, known as fire-resistant glass provides long-lasting fire protection. Fire-resistant glass products are used to stop fire and smoke because they can stop radiant and conduction heat transfer. They also provide better impact, thermal, and acoustic performance. Its efficacy can be ascertained by assessing how well fire-rated glass performs in a fire-resistance test. As the number of fire-related accidents rises, so does the demand for fire-resistant glass. The market for this type of protection has recently been significantly expanding due to passive fire protection’s lower maintenance costs than active fire protection. Some types of fire-rated glass also provide some heat insulation or weather resistance. Because it is designed to withstand temperatures of 1,000° F for 20 to 3 hours, fire-rated glass can effectively contain the spread of flames and smoke. Additionally, it is quickly processed into curtain wall glass that is hollow, laminated, coated, and dot-style.

Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/fire-rated-glass-market/request-sample

Increasing Number of Accidents Due to Fire

Shortly, rising government spending on cars, buildings, and residential and commercial construction will likely support the growth of the market for fire-resistant glass. Additionally, as the number of fire-related accidents rises, so would the demand for fire-resistant glasses. To increase vehicle safety and reduce the number of accidents, the National Highway Traffic Safety Administration (NHTSA) and the European Automobile Manufacturers Association (ACEA) have also imposed stringent standards and regulations. Additionally, the Occupational Safety and Health Administration (OSHA) standards have increased fire-resistant glasses in residential and commercial structures, supporting this growth. However, rising price fluctuations for raw materials like silicon and boron oxide may hinder demand.

R&D Projects and Product Innovation

More excellent fire and life safety will always be a driving force for Middle Eastern architects as they strive to be at the forefront of building design. They will work closely with the fire-rated glazing industry to implement their vision as they incorporate open and simple designs into new construction and renovation of existing structures. Architects and design professionals can push the boundaries of what is practical for exterior and interior glazing thanks to the continued use of IBC and UL-labeled and classified products in the region. Over the forecast period, initiatives like the Affordable Housing Initiative (AHI), Made in Canada, and New Building Canada Plan (NBCP), among others, are predicted to support the country’s growth shortly and are likely to raise demand for fire-resistant glass there.

Report Scope

Report Metric

Details

Market Size

USD 11.95 Billion by 2031

CAGR

11.2% (2023-2031)

Historical Data

2020-2021

Base Year

2022

Forecast Period

2023-2031

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Solution Type, Glass Type, Application, Regions

Geographies Covered

North America, Europe, Asia-Pacific, LAME and Rest of the World

Key Companies Profiled/Vendors

Asahi Glass Co., Ltd. (Japan), Vetrotech Saint-Gobain International AG (Switzerland), Asahi India Glass Ltd. (India), Central Glass Co., Ltd (Japan), Nippon Sheet Glass Co., Ltd (Japan), Promat UK Limited (U.K.), Pyroguard (U.K.), SCHOTT AG (Germany), and Technical Glass Products (U.S.)

Key Market Opportunities

R&D Projects and Product Innovation

Key Market Drivers

Expanding Building and Construction Sector

Buy Now Full Report @ https://straitsresearch.com/buy-now/fire-rated-glass-market

Regional Analysis

North America is the most significant contributor to the global fire-rated glass market and is anticipated to grow at a CAGR of 10.3% during the forecast period. The regional market is propelled by rising consumer spending power, increased infrastructure investments, and regulatory and governmental organizations’ increased focus on enhancing building and commercial apartment fire safety standards. The North American market for fire-rated glass is anticipated to expand noticeably in the coming years due to the rising use of modern fire-rated glazing to enhance exterior and interior aesthetics. While this enables architects to create generous, open spaces in locations that require fire protection, regional growth is being pushed by the number of pertinent regulations being created.

Asia Pacific is expected to grow at a CAGR of 12.9% during the forecast period. As construction activity rises and fires happen more frequently, product consumption is likely to rise, especially in emerging economies. For instance, China became the largest market for construction in 2020, bringing in USD 440.0 million, according to the International Trade Administration of the U.S. Department of Commerce. Cost increases and a rise in the use of these glasses in the construction of residential and commercial infrastructure will be the primary factors driving market expansion in the region. Rising living standards and expanding production facilities across a range of end-use industries successfully encourage increased foreign investment, which expands the market in the region.

Key Highlights

  • The global fire-rated glass market size is projected to reach USD 11.95 billion by 2031, growing at a CAGR of 11.2 % during the forecast period (2023-2031).

  • Based on solution type, the global fire-rated glass market is bifurcated into glazing and insulation. The glazing segment is the highest contributor to the market and is expected to grow at a CAGR of 11.5% during the forecast period.

  • Based on application type, the global fire-rated glass market is bifurcated into the wired glass, ceramic glass, laminated glass, and others. The ceramic glass segment is the highest contributor to the market and is expected to grow at a CAGR of 10.91 % during the forecast period.

  • Based on application, the global fire-rated glass market is bifurcated into building & construction, marine, and others. The building & construction segment owns the highest market share and is expected to grow at a CAGR of 11.7% during the forecast period.

  • North America is the most significant contributor to the global fire-rated glass market and is expected to grow at a CAGR of 10.3% during the forecast period.

Competitive Players in the Global Fire-Rated Glass Market

  • Fuso Glass India

  • Pilkington

  • Saint Gobain

  • Schott AG

  • Ravensby Glass

  • Nippon Electric

  • Pyroguard

  • AIS

Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/fire-rated-glass-market/request-sample

Global Fire-Rated Glass Market: Segmentation

By Solution Type

By Glass Type

  • Wired Glass

  • Ceramic Glass

  • Laminated Glass

  • Others

By Application

  • Building & Construction

  • Marine

  • Others

By Regions

  • North America

  • Europe

  • Asia-Pacific

  • LAMEA

TABLE OF CONTENT

1          Introduction

1.1        Market Definition

1.2        Market Scope

2          Research Methodology

2.1        Primary Research

2.2        Research Methodology

2.3        Assumptions & Exclusions

2.4        Secondary Data Sources

3          Market Overview

3.1        Report Segmentation & Scope

3.2        Value Chain Analysis: Fire-Rated Glass Market

3.3        Key Market Trends

3.3.1     Drivers

3.3.2     Restraints

3.3.3     Opportunities

3.4        Porter’s Five Forces Analysis

3.4.1     Bargaining Power of Suppliers

3.4.2     Bargaining Power of Buyers

3.4.3     Threat of Substitution

3.4.4     Threat of New Entrants

3.4.5     Competitive Rivalry

3.5        Market Share Analysis

4          By Solution Type Overview

4.1        Introduction

4.1.1     Market Size & Forecast (Value & Volume)

4.2        Glazing

4.2.1     Market Size & Forecast (Value & Volume)

4.3        Insulation

4.3.1     Market Size & Forecast (Value & Volume)

5          By Glass Type Overview

5.1        Introduction

5.1.1     Market Size & Forecast (Value & Volume)

5.2        Wired Glass

5.2.1     Market Size & Forecast (Value & Volume)

5.3        Ceramic Glass

5.3.1     Market Size & Forecast (Value & Volume)

5.4        Laminated Glass

5.4.1     Market Size & Forecast (Value & Volume)

5.5        Others

5.5.1     Market Size & Forecast (Value & Volume)

6          By Application Overview

6.1        Introduction

6.1.1     Market Size & Forecast (Value & Volume)

6.2        Building & Construction

6.2.1     Market Size & Forecast (Value & Volume)

6.3        Marine

6.3.1     Market Size & Forecast (Value & Volume)

6.4        Others

6.4.1     Market Size & Forecast (Value & Volume)

7          Regional Overview

7.1        Introduction

7.1.1     Market Size & Forecast (Value & Volume)

7.2        America

7.2.1     North America

7.2.1.1   U.S.

7.2.1.1.1           By Solution Type

7.2.1.1.2               By Glass Type

7.2.1.1.3                By Application

7.2.1.2   Canada

7.2.1.2.1            By Solution Type

7.2.1.2.2            By Glass Type

7.2.1.2.3            By Application

7.2.1.3   Mexico

7.2.1.3.1                By Solution Type

7.2.1.3.2                By Glass Type

7.2.1.3.3                By Application

7.3        Latin America

7.3.1     Brazil

7.3.1.1  By Solution Type

7.3.1.2  By Glass Type

7.3.1.3  By Application

7.3.2     Argentina

7.3.2.1  By Solution Type

7.3.2.2  By Glass Type

7.3.2.3  By Application

7.3.3     Colombia

7.3.3.1  By Solution Type

7.3.3.2  By Glass Type

7.3.3.3  By Application

7.3.4     Rest of Latin America

7.3.4.1  By Solution Type

7.3.4.2  By Glass Type

7.3.4.3  By Application

7.4        Europe

7.4.1     Market Size & Forecast (Value & Volume)

7.4.2     Germany

7.4.2.1   By Solution Type

7.4.2.2   By Glass Type

7.4.2.3   By Application

7.4.3     France

7.4.3.1   By Solution Type

7.4.3.2   By Glass Type

7.4.3.3   By Application

7.4.4     U.K.

7.4.4.1   By Solution Type

7.4.4.2   By Glass Type

7.4.4.3   By Application

7.4.5     Italy

7.4.5.1   By Solution Type

7.4.5.2   By Glass Type

7.4.5.3   By Application

7.4.6     Spain

7.4.6.1   By Solution Type

7.4.6.2   By Glass Type

7.4.6.3   By Application

7.4.7     Rest of Europe

7.4.7.1   By Solution Type

7.4.7.2   By Glass Type

7.4.7.3   By Application

7.5        Asia Pacific

7.5.1     Market Size & Forecast (Value & Volume)

7.5.2     Japan

7.5.2.1   By Solution Type

7.5.2.2   By Glass Type

7.5.2.3   By Application

7.5.3     China

7.5.3.1   By Solution Type

7.5.3.2   By Glass Type

7.5.3.3   By Application

7.5.4     Australia

7.5.4.1   By Solution Type

7.5.4.2   By Glass Type

7.5.4.3    By Application

7.5.5     India

7.5.5.1   By Solution Type

7.5.5.2   By Glass Type

7.5.5.2   By Application

7.5.6     South Korea

7.5.6.1   By Solution Type

7.5.6.2   By Glass Type

7.5.6.3   By Application

7.5.7     Rest of Asia-Pacific

7.5.7.1   By Solution Type

7.5.7.2   By Glass Type

7.5.7.3   By Application

7.6        Middle East & Africa

7.6.1     Market Size & Forecast (Value & Volume)

7.6.2     Saudi Arabia

7.6.2.1   By Solution Type

7.6.2.2   By Glass Type

7.6.2.3   By Application

7.6.3     South Africa

7.6.3.1   By Solution Type

7.6.3.2   By Glass Type

7.6.3.3   By Application

7.6.4     Kuwait

7.6.4.1   By Solution Type

7.6.4.2   By Glass Type

7.6.4.3   By Application

7.6.5     Rest of Middle East & Africa

7.6.5.1   By Solution Type

7.6.5.2   By Glass Type

7.6.5.3   By Application

8          Company Profile

8.1        Asahi Glass Co., Ltd.

8.1.1     Company Overview

8.1.2     Financial Performance

8.1.3     Recent Developments

8.1.4     Product Portfolio

8.2        Vetrotech Saint-Gobain International AG

8.2.1     Company Overview

8.2.2     Financial Performance

8.2.3     Recent Developments

8.2.4     Product Portfolio

8.3        Asahi India Glass Ltd. (India)

8.3.1     Company Overview

8.3.2     Financial Performance

8.3.3     Recent Developments

8.3.4     Product Portfolio

8.4        Central Glass Co., Ltd

8.4.1     Company Overview

8.4.2     Financial Performance

8.4.3     Recent Developments

8.4.4     Product Portfolio

8.5        Nippon Sheet Glass Co., Ltd

8.5.1     Company Overview

8.5.2     Financial Performance

8.5.3     Recent Developments

8.5.4     Product Portfolio

8.6        Promat U.K. Limited

8.6.1     Company Overview

8.6.2     Financial Performance

8.6.3     Recent Developments

8.6.4     Product Portfolio

8.7        Pyroguard

8.7.1     Company Overview

8.7.2     Financial Performance

8.7.3     Recent Developments

8.7.4     Product Portfolio

8.8        SCHOTT AG

8.8.1     Company Overview

8.8.2     Financial Performance

8.8.3     Recent Developments

8.8.4     Product Portfolio

8.9        Technical Glass Products

8.9.1     Company Overview

8.9.2     Financial Performance

8.9.3     Recent Developments

8.9.4     Product Portfolio

Table of Content and Figure @ https://straitsresearch.com/report/fire-rated-glass-market/toc

Market News

  • In June 2022, For 5G millimeter-wave wireless communication technology, Nippon Electric Glass Co., Ltd. created a repeater that uses radio wave lenses and is a power-free and transparent antenna made of a glass substrate.

  • In May 2022, unique laminated glass gel infill works with expert design to create the Pyroguard Balustrades final product. No real contribution to the spread of fire, producing little to no smoke and No ash or debris from a fire.

News Media

Fire-Resistant Glass Market Share Worth USD 6,570 Million By 2030 | CAGR of 5%

Growth in Building & Construction Sector to Bolster Demand for Fire-Rated Glass During the Forecast Period, 2019–2026

Have a Look at the Related Research Report

Building and Construction Plastics Market: Information by Product (Polyvinyl Chloride, Polystyrene, Acrylics), Application (Insulation, Pipes and Ducts), and Region — Forecast till 2030

Construction Plastic Market: Information by Product (Polyvinyl Chloride, Polystyrene, Acrylics, Composite Material) Application (Pipes & Ducts, Insulation, Door Fittings) – Forecast Till 2026

Phenolic Resins Market: Information by Product (Novolac and Resol), Application (Wood Adhesives, Insulation, Laminates, Paper Impregnation, and Coatings), and Region — Forecast till 2030

Insulation MarketInformation by Product (Glass Wool, Mineral Wool, EPS, XPS), End-Use (Construction, Industrial, HVAC & OEM, Transportation), and Region — Forecast till 2030

About Straits Research Pvt. Ltd.

Straits Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.

Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.

For more information on your target market, please contact us below:

Phone: +1 646 480 7505 (the U.S.)

+91 8087085354 (APAC)

+44 208 068 9665 (the U.K.)

Email: sales@straitsresearch.com

Follow Us: LinkedIn | Facebook | Instagram | Twitter

Source

Leave a Reply

Your email address will not be published. Required fields are marked *