Market Size of Fire-Resistant Glass Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 9.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Fire-Resistant Glass Market Analysis
The market for fire-resistant glass is expected to witness a CAGR of more than 9% during the forecast period. Increasing construction activities in the Asia-Pacific region, along with growing stringent fire safety norms pertaining to the construction of buildings, are the major factors driving the market studied. Moreover, rising demand for fireproof cabins in ships used in naval and commercial applications, increasing investments in the marine industry in North America, and the European region are other factors that stimulate the market demand. High prices and quality control issues are expected to hinder the growth of the market studied.
- Ceramic glass is expected to grow at a significant rate during the forecast period as this type of glass has a fire-resistance from 20 minutes to 3 hours. Superior properties such as sound insulation and the ability to withstand thermal shock are likely to enhance the demand for ceramic-based fire-resistant glass.
- North America dominated the market across the globe with the largest consumption from countries, such as the United States and Canada. Strong regulations pertaining to building safety and fire safety in the region is likely to promulgate the regional market demand.
Fire-Resistant Glass Industry Segmentation
The fire-resistant glass market report includes
Type | |
Integrity (E) | |
Integrity & Radiation Limitation (EW) | |
Integrity & Insulation (EI) |
Application | |
Building and Construction | |
Other Applications |
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Fire-Resistant Glass Market Size Summary
The fire-resistant glass market is poised for significant growth, driven by increasing construction activities and stringent fire safety regulations, particularly in the Asia-Pacific region. The demand for fireproof cabins in naval and commercial ships, along with investments in the marine industry in North America and Europe, further stimulates market expansion. Despite challenges such as high prices and quality control issues, the market is expected to thrive. Ceramic glass, known for its sound insulation and thermal shock resistance, is anticipated to see substantial growth due to its fire-resistance capabilities. North America leads the global market, with the United States and Canada showing strong consumption driven by rigorous building and fire safety regulations.
The market's growth is supported by the wide application of fire-resistant glass in construction, where it is used in glazing, windows, and doors to prevent the spread of fire, smoke, and heat. Building regulations are rapidly evolving, enhancing the demand for these safety features. The Indian real estate sector's projected growth and Germany's robust construction industry, fueled by migration, also contribute to the market's expansion. In the United States, the adoption of codes by the National Fire Protection Association ensures building safety, further boosting demand. Government investments in infrastructure and renewable energy in North America are expected to support market growth. The market is fragmented, with major players like AGC Inc. (Asahi Glass), Schott AG, and Saint-Gobain holding significant shares.
Fire-Resistant Glass Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand from the Construction Industry
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1.1.2 Growing Stringent Fire Safety Norms
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 High Product Cost
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1.2.2 Rising Quality Issues
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Integrity (E)
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2.1.2 Integrity & Radiation Limitation (EW)
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2.1.3 Integrity & Insulation (EI)
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2.2 Application
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2.2.1 Building and Construction
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2.2.2 Other Applications
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 France
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2.3.3.4 Italy
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Fire-Resistant Glass Market Size FAQs
What is the current Fire-Resistant Glass Market size?
The Fire-Resistant Glass Market is projected to register a CAGR of greater than 9% during the forecast period (2024-2029)
Who are the key players in Fire-Resistant Glass Market?
AGC Inc. (Asahi Glass) , Schott AG , Nippon Sheet Glass Co., Ltd, Press Glass SA and Saint-Gobain are the major companies operating in the Fire-Resistant Glass Market.