Fire-Resistant Glass Market: Asia Pacific Is Anticipated To Register The Fastest Growth Rate Over The Forecast Period

 Fire-resistant Glass Industry Overview

The global fire-resistant glass market size is expected to reach USD 5.92 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.3% over the forecast period. 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.

Rising disposable incomes, growing preference toward look & appeal in interiors, and increasing awareness about fire safety have augmented the product demand in premium or luxury construction. For instance, in May 2021, TECFIRE had received a contract to provide fire-rated glass for the development of infrastructure for island resorts, marinas, commercial districts, residential areas, and several entertainment districts at Lusail City, Qatar. Thus, increasing spending on the development of infrastructure projects from a safety perspective is likely to fuel the product demand over the forecast period.

The COVID-19 pandemic has impacted the construction sector, with restrictions on construction projects and stagnancy in infrastructure spending resulting in a downfall in global revenue. The major short-term challenges include fluctuation in raw material prices, unemployment, minimal production, mandatory shutdowns in construction projects, and disruptions in logistics. These factors have significantly hampered the market growth during the pandemic.

Fire-resistant Glass Market Segmentation

Grand View Research has segmented the global fire-resistant glass market on the basis of product, application, and region:

Based on the Product Insights, the market is segmented into Wired, Ceramic, Gel-filled, Tempered, and Others.

• 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 glassis 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. Thus, huge investments to upscale residential and commercial projects, are likely to drive the demand for fire-resistant 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. Regulatory support aimed at promoting the use of passive fire products boosts the usage of gel-filled fire-resistance glass.

 

Based on the Application Insights, the market is segmented into Building & Construction, Marine, and Others.

• 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. Growing emphasis by regulatory bodies on improving fire safety standards in buildings and adherence to building codes are other factors driving the segment.

 

• 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.

 

Fire-resistant Glass Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

 

Key Companies & Market Share Insights

The key players focus on merger & acquisition, regional expansion, and high profit-margin segments. For instance, in November 2020, AGC Glass acquired Etex’s. In November 2019, Pyroguard, a leading manufacturer of fire-rated safety glass, expanded its presence in India. Companies are aiming for survivability and resilience to hold financial stability in the post-COVID-19 scenario. In the wake of the COVID-19 crisis, the product demand slumped significantly owing to the temporary shutdown of construction activities. Moreover, the whole supply chain got disrupted, which hampered the market dynamics. Hence, companies are looking forward to revised business models to cater to the growing demand during the projected period. 

Recent Developments

• In May 2022, Saint-Gobain entered into an acquisition agreement with Portuguese companies Falper and Fibroplac, in alignment with the company’s “Grow & Impact” strategy. This strategy has shown great results in the Portuguese market
• In May 2022, AGC Inc. announced production capacity expansion plans for its new company, AGC Vinythai Public Company Limited, located in Thailand. The total investment anticipated for this expansion is estimated to be more than 100 billion yen
• In October 2021, The NSG Group and Cohda Design Limited (UK) entered into a collaboration to develop a glass that can conduct electricity. This advancement in the glass industry will reduce the dependency on wires for electricity transfer to operate devices 
• In August 2021, Pyroguard relocated its UK facility to a new site for business expansion and growth purposes. The new site is three times larger in size as compared to the previous site and is estimated to measure over 62,000 sq. feet

Some of the prominent players in the global fire-resistant glass market include:

• 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

 

Order a free sample PDF of the Fire-resistant Glass Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

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