The global Fire-resistant Glass market size is expected to be worth around US$ 9.92 billion by 2030, according to a new report by Vision Research Reports.
The global Fire-resistant Glass market size was valued at US$ 5.20 billion in 2020 and is anticipated to grow at a CAGR of 5.3% during forecast period 2021 to 2030.
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Fire-resistant Glass Market (By Product: Wired, Ceramic, Gel-filled, Tempered; By Application: Building & Construction, Marine) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
Report Coverage
| Report Scope | Details |
| Market Size | US$ 9.92 billion by 2030 |
| Growth Rate | CAGR of 5.3% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Saint-Gobain; AGC Inc.; GlasTrösch; Nippon Sheet Glass Co., Ltd.; POLFLAM sp. z o.o.; Shandong Hengbao Fireproof Glass Factory Co., Ltd.; Diamond Glass; Pyroguard; Safti First; Schott AG |
Growth Factors
Rising emphasis on improving the fire safety standards owing to increasing instances of fire accidents and the growing development of innovative infrastructure is expected to propel the market growth during the projected period.
Fire-resistant glass is produced for bearing heat and holding high temperatures, as a result, they provide a barrier against smoke, fire, and extreme heat. It is used in various applications like doors, windows, partition walls, and stairways, in numerous end-use industries including building & construction, marine, automotive, aerospace, and others. The rising product consumption in the building & construction industry owing to an increasing number of fire incidents and the imposition of strict norms & regulations for the incorporation of fire-resistant materials in construction activities will support market growth.
By Product Analysis
The ceramic segment accounted for a revenue share of more than 40% in 2020. The high share can be attributed to the growing preference for insulated glass units in residential and commercial construction, which provide fire ratings ranging from 20 minutes to 3 hours and can withstand the thermal shock of water from fire hoses and water sprinklers.
Tempered glass is witnessing an increase in global demand due to the wide scope of application in fire doors, which are meant to provide fire protection. In this glass, a special coating is applied on the outer layer to reflect some heat and therefore reduce the amount of heat transferred through the glass.
The gel-filled segment is estimated to grow at a CAGR of 4.7%, in terms of revenue, during the forecast period. Gel-filled glass consists of two or more layers of glass, where the space between the glass is filled with a translucent gel that reacts to a certain temperature.
By Application Analysis
The building & construction application segment accounted for the largest revenue share of more than 61.0% in 2020 of the global market. Architectural glass is extensively used in the building & construction sector on account of its high strength and toughness.
In marine applications where vessels face strong waves, winds, noise, and extreme temperature conditions, especially offshore vessels, are prone to a higher risk of fire explosion accidents caused by equipment or structure failures.
The others segment comprises automotive, aerospace, military & defense, and other applications. The growing focus on the incorporation of safety glass in vehicles is anticipated to propel the product demand in the automotive industry as it abides all strict flammability and structural airworthiness requirements for aviation applications in windows, cabin dividers, and glass screens.
By Regional Analysis
North America held the largest revenue share of over 32% in 2020 and is projected to grow at a steady CAGR during the forecast period. Factors driving the regional market include a rise in investments in infrastructure projects, growing spending capability of consumers, and increasing focus by government and regulatory bodies on improving the overall fire safety standards of buildings and commercial apartments.
Asia Pacific is anticipated to register the fastest growth rate over the forecast period. Rising construction activities in the region, along with increasing instances of fire accidents, are likely to boost product consumption, especially in the emerging economies.
Europe held the second-largest revenue share in 2020. Advanced manufacturing facilities of automobiles, growing investments in developing new products, and expansion of operation are the prominent factors attributed to the growth of the market.
Key Players
- Saint-Gobain
- AGC, Inc.
- GlasTrösch
- Nippon Sheet Glass Co., Ltd.
- POLFLAM sp. z o.o.
- Shandong Hengbao Fireproof Glass Factory Co., Ltd.
- Diamond Glass
- Pyroguard
- Safti First
- Schott AG
Market Segmentation
- By Product
- Wired
- Ceramic
- Gel-filled
- Tempered
- Others
- By Application
- Building & Construction
- Marine
- Others
- Regional
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Russia
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- North America
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