Global Fire-Resistant Glass Market Share Is Likely To Reach At A CAGR Value Of Around 4.31% By 2030

10-Jan-2023 | Facts and Factors

According to Facts and 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.

Fire-resistant glass is from the advanced glass category which is manufactured for an added specific purpose apart from the traditional use of conventional glass. Fire-resistant glass can resist high temperatures associated with a fire breakout incident. It can prevent the spread of fire and the smoke emerging from it for a longer duration than normal glass, giving the residents enough time to evacuate the area or call for assistance.

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Browse the full “Fire-Resistant Glass Market Size, Share, Growth Analysis Report By Application (Building & Construction, Marine, and Others), By Type (Ceramic, Wired, Gel-Filled, Tempered, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030" report at https://www.fnfresearch.com/fire-resistant-glass-market

The applications of such advanced glasses are higher since they can also be used to prevent radiation rays from spreading from one section to another making it an excellent choice of barriers in research & clinical facilities that work with dangerous chemicals or substances. The main deliverable of fire-resistant glass is achieved by layering a coat of resistant coating on both sides of the glass. They aid in noise cancellation as well.

Some fire-resistant glass can limit extremely high volumes as well which makes them desirable in server rooms offering two-way protection from noise pollution and fire hazards. The glass is made of high-pressure loads making them almost unbreakable and resistant to impact. In most cases, fire-resistant glass is protected with multiple layers of glass and can resist fire for up to 1 hour which provides enough time for the agency handling the distress call to react accordingly.

The global fire-resistant glass market is projected to grow due to the growing infrastructure development projects across the globe. Research facilities, high-rise buildings, and commercial centers are a crucial part of regional architecture development. As the investment in these sectors grows, market players will have more opportunities to cater to the needs of competitive end-users like building contractors, glass manufacturers, and others. Such projects can only be occupied only after they have received the necessary approval from fire hazard and safety-related agencies. The higher the protection offered, the greater the sales value.

Fire-resistant glass can also be used in elevators that are highly prone to fire breakouts. The global market is projected to benefit from the strict government regulations in place in terms of fire safety, especially in commercial units. Failure to adhere to the norms can lead to license cancellation or the complete shut of the business center.

One of the major growth-restricting factors is the high cost of the end goods and the fluctuating raw material prices. In developing or underdeveloped nations, the cost of purchasing and maintaining fire-resistant glass is extremely high making them unaffordable for a large section of society. Unless the prices are capped and more options are available the market will have only limited consumers to cater to.

The increasing awareness may provide growth opportunities while the changing prices of raw materials may act as a major challenge.

Segmental Overview

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.

Regional Overview

North America is projected to lead the global fire-resistant glass market due to higher product adoption driven by the stringent regulations in place for fire safety in residential and commercial units. Europe may register a high CAGR due to the presence of one of the largest providers of fire-resistance glass which is Saint-Gobain which generated more than 41% higher revenue in 2021 as compared to 2020. Growth in Asia-Pacific may be driven by the growing infrastructure development projects as well as the rising number of domestic players. Increasing disposable income of the population could also help the regional market to witness a higher growth rate.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 6 Billion

Projected Market Size in 2030

USD 10 Billion

CAGR Growth Rate

4.31% CAGR

Base Year

2021

Forecast Years

2022-2030

Key Market Players

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

Key Segment

By Application, Type, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

Purchase Options

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Competitive Landscape

The global fire-resistant glass market is led by players like Saint-Gobain, Diamond Glass, Shandong Hengbao Fireproof Glass Factory Co. Ltd., Press Glass SA, Pyroguard, and Nippon Sheet Glass Co. Ltd. to name a few.

Recent Developments:

  • In May 2022, Saint-Gobain announced the acquisition of Fibroplac and Falper, Portuguese companies, in line with the company’s growth strategy
  • In August 2021, Pyroguard shifted its UK production facility to a new site which is 3 times bigger than the previous site

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

By Application 

  • Building & Construction
  • Marine
  • Others

By Type 

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

By Region

  • 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

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