Fire-Resistant Glass Market Size, Share Global Analysis Report, 2022 – 2030

Industry Insights

[214+ Pages Report] According to the report published by Facts Factors, the global fire-resistant glass market size was worth around USD 6 billion in 2021 and is predicted to grow to around USD 10 billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.31% between 2022 and 2030. The report analyzes the global fire-resistant glass market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the fire-resistant glass market.

Market Overview

Natural calamities like fire have become extremely common and unpredictable. They tend to leave irreparable losses in terms of human lives and monetary aspects. As the regions become densely populated due to the growing population, the losses in case of a fire breakout remain incomprehensible. While there is still no way of preventing fire-breakout because there are multiple factors involved that could lead to such an event, it has become easy to restrict the losses incurred in such incidents.

One of the greatest solutions that work in this regard is the use of fire-resistance glasses in buildings and other structures that are fire-prone. These advanced glasses are effective in both residential and commercial settings and can be installed when the building is constructed or during a remodeling project. A fire-resistance glass is a laminated glass capable of withstanding high temperatures or heat. They can prevent the fire spread from one section to another giving people more time to react to a situation due to a fire hazard. These glasses also restrict the spread of fire smoke which can be fatal in many cases thus proving their efficiency in saving lives.

Key Insights

• As per the analysis shared by our research analyst, the global fire-resistant glass market is estimated to grow annually at a CAGR of around 4.31% over the forecast period (2022-2030)
• In terms of revenue, the global fire-resistant glass market size was valued at around USD 6 billion in 2021 and is projected to reach USD 10 billion, by 2030.
• The market is projected to grow at a significant rate due to growing cases of fire-breakout
• Based on type segmentation, ceramic was predicted to show maximum market share in the year 2021
• Based on application segmentation, building & construction was the leading application in 2021
• On the basis of region, North America was the leading revenue generator in 2021

Growth Drivers

• Growing cases of fire-breakout to propel market demand for resistant glass

The global fire-resistant glass market is projected to grow due to the growing incidences of fire-breakout across the globe, especially in residential and commercial buildings. In many cases, the breakout is extremely intense and has led to severe consequences. Such events are common in developed and developing nations. In the leading economies, the chances of fire-breakout are comparatively low but they do exist since they have the necessary infrastructure to limit such incidence. However, in overpopulated and underdeveloped nations, there are various factors that could lead to a fire incident.

For instance, lack of standard and appropriate electrical systems, overhead wiring, irregular maintenance and checking of electrical systems, and others. However, other factors like human negligence which are irrelevant to economic growth are major reasons for fire-breakouts. For instance, in 2021, the local fire departments in the United States (US ) responded to more than 1.34 million fires in the country. Over 37800 deaths were registered due to these incidents. This could lead to more end-users opting for fire-resistant glasses as they are capable of allowing the trapped people and helpers enough time to take necessary action in the case of a fire hazard.

Restraints

• Volatile market scenario to restrict the market growth

The world is currently witnessing a lot of changes in terms of political and economical situations, Multiple countries have waged wars against one another. Some are violent in their actions while some are less aggressive in their measures but nonetheless contribute to political turmoil. The incoming news of the next Covid-19 wave due to the surging number of Covid-19 infected patients is anticipated to cause confusing situations in the coming years resulting in the global market registering restricted growth.

Opportunities

• Increasing awareness to provide growth opportunities

One of the many factors that decide if a certain product or service will generate profit or loss is the rate of awareness amongst the end-users in terms of the advantages offered by the service or object being used. Aggressive marketing and advertising strategies adopted by the market players to reach newer markets while also registering high sales revenue in existing markets are projected to help the businesses operating in the fire-resistant glass segment generate more revenue. Saint-Gobain, a leading player, is estimated to have spent over USD 100 million on digital marketing in 2021.

Challenges

• Changing prices of raw materials to act as a major challenge

The global market is projected to face challenges in terms of changing prices of raw materials. The increase in oil prices due to the Russia-Ukraine war has impacted the transportation and storage costs involved in the logistics of raw materials and final goods. There has been a delay in shipment delivery that is being sent across international borders. Many manufacturing units have temporarily halted production due to an insufficient supply of raw materials or influenced by cost-cutting. These factors could potentially act as damaging reasons in the near future.

Segmentation Analysis

The global fire-resistant glass market is segmented based on application, type, and region

Based on application, the global market divisions are building & construction, marine, and others. Currently, the highest adoption rate for fire-resistant glass is in the building & construction industry. Residential and commercial units are highly prone to fire breakouts since these structures are constantly occupied by humans, there are a lot of reasons why fire incidents can occur. Events like careless smoking, non-monitored use of cooking equipment, faulty electrical wiring, electrical equipment, children playing with fire, and heating equipment were stated to be some of the most common reasons for fire hazards as per the Zurich Municipal.

In countries where gas is supplied in contained cylinders, multiple fire cases have been reported due to incidents involving cylinder blasts in homes. As per estimates, more than 4000 fire breakouts occur in Tokyo every year. Such incidents could lead to players in the segment investing in fire-resistance glass for higher protection.

Based on type, the global market divisions are ceramic, wired, gel-filled, tempered, and others. In 2021, the ceramic segment dominated with more than 41% of the global market share. Ceramic glass is known to be extremely resistant to changes in thermal temperatures making it an ideal choice for fire-resistant glass. Multiple layered tempered glass segments could also grow at a high CAGR due to the high output efficiency.

Recent Developments:

• In September 2022, Emirates Glass and SCHOTT entered a partnership to provide fire-resistant glass with international accreditations
• In June 2022, Promat launched a new flooring system using fire-rated walk-on glass

Report Scope

Regional Analysis

• North America to register high CAGR during the projection period

The global fire-resistant glass market is projected to register the highest growth in North America due to the growing investments in the building & construction sector and the high demand for better-performing aspects of residential and commercial buildings. The regional market could also be driven by the growing applications of fire-resistant glass in other industrial sectors like marine or aerospace. Growing fire incidents in aeronautical activities have propelled the market players to develop better functioning accessories like fire-resistant glass that are durable and provide the necessary safety to the passengers and other objects in the aircrafts or other aerospace vehicles.

The global market could also witness a high growth rate in the Middle East due to the presence of some of the highly influential players with customers across the globe and industries. Emirates Glass LLC. generated more than 2.49 billion euros in revenue in 2021. It has also partnered with new clients for furthering its products and services.

Competitive Analysis

• Saint-Gobain 
• Diamond Glass 
• Shandong Hengbao Fireproof Glass Factory Co. Ltd. 
• Press Glass SA 
• Pyroguard 
• Nippon Sheet Glass Co. Ltd.

The global fire-resistant glass market is segmented as follows:

By Application Segment Analysis

• Building & Construction
• Marine
• Others

By Type Segment Analysis

• Ceramic
• Wired
• Gel-Filled
• Tempered
• Others

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America