MARKET OVERVIEW
Fire-resistant glass is a specially engineered glass product that can endure high temperatures and impede the progression of flames. It is utilized in a variety of applications such as buildings, vehicles, and appliances. The market for fire resistant glass is influenced by factors such as growing regulations and building codes requiring the use of fire-resistant glass, increased attention on fire safety, and developments in technology that lead to more advanced fire-resistant glass products. The market is likely to grow soon due to the rising demand for fire-resistant glass across various industries and the continuation of construction projects.
MARKET SCOPE
The "Global Fire Resistant Glass Market Analysis to 2028" is a specialized and in-depth study of the chemical and materials industry with a special focus on global market trend analysis. The report aims to provide an overview of the fire resistant glass market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading fire resistant glass market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
Based on type, the global fire resistant glass market is segmented into wired, ceramic, and tempered. Based on application, the global fire resistant glass market is segmented into building & construction, marine, and others.
MARKET DYNAMICS
Drivers
- The rising emphasis on improving the fire safety standards of the commercial as well as residential infrastructure is significantly driving the market growth.
- The implementation of stringent building & safety codes in application markets is significantly contributing to the expansion of the fire resistant glass market.
- Greater design flexibility along with safety will create lucrative growth opportunities for fire resistant glass manufacturers.
- Growing building & construction industry is also propelling the demand for fire resistant glass.
Restraints
- High production costs are hampering the fire resistant glass market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The fire resistant glass market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region. The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the fire resistant glass market in these regions.
IMPACT OF COVID-19 ON FIRE RESISTANT GLASS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 pandemic has affected major chemicals and material industries, including fire resistant glass. Owing to the current pandemic situation, many companies in the fire resistant glass industry are experiencing limitations in manufacturing and production activities, as well as logistical problems as a result of ongoing trade restrictions. However, with the opening of several markets across the globe, vaccination development, and initiatives taken by various governments to support economic and industrial growth, the future demand for the fire resistant glass market is anticipated to grow at a positive and steady pace in the coming years.
MARKET PLAYERS
The report covers key developments in the fire resistant glass market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnerships & collaborations. These activities have paved way for the expansion of business and the customer base of market players. The market payers from fire resistant glass market are anticipated to have lucrative growth opportunities in the future with the rising demand for fire resistant glass in the global market. The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the fire resistant glass market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- DuPont
- DOW Corning
- AkzoNobel N.V.
- Solvay S.A.
- Compagnie De Saint-Gobain
- SCHOTT AG
- NSG Pilkington
- Pyroguard
- Anemostat
- Ravensby Glass