Global Fire-resistant Glass Market; By Product Type By Application as well as By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast: 2023-2032

Report Overview

Fire-resistant Glass Market growth can be primarily attributed to an increase in the number of fire incidents, as well as the expansion of the construction sector. This has led to respective governments increasing their spending to improve fire safety in accessible buildings. A growing demand for residential housing and high-rise buildings in urban areas, resulting from the shift to urban economic centers, has led to the need for various residential projects to meet fire building safety standards. These factors are expected to drive market growth prospects for this industry over the forecast period.

Global Fire-Resistant Glass Market Scope:

Product Type Analysis

Based on ‘Product,’ in 2021, the ‘Ceramic’ segment represented more than 40.5% of total revenue shares. This is due to a growing inclination for commercial and residential construction insulated glass. These glass units have fire ratings between 20 minutes and 3 hours, and these units can withstand heat despite the presence of water sprinklers or fire hoses. These favorable features of ceramic glass are expected to be a key driver for this segment’s growth in the foreseeable future.

Tempered glass is in high demand worldwide due to its extensive use in fire doors that contains a building from fire. A distinct coating is added to the glass’ outside layer to reflect heat and decreases heat loss. Significant investments in commercial and residential projects are also likely to drive the demand for fire-resistant glass market products.

According to forecasts, the revenue growth of the ‘gel-filled’ segment is expected to grow at 4.8% CAGR over the forecast period. Gel-filled glass is composed of several glass layers. In this type of glass, a colorless gel is used to fill the gaps. This gel reacts with certain temperatures. Gel-filled fire resistance is boosted by regulatory support that promotes inert fire products. This is expected to increase the use of gel-based lightweight fire-resistant glass, in conjunction with passive fire protection, over the projected timeline.

Application Analysis

With respect to ‘Application,’ the Building & Construction segment accounted for the highest revenue share at more than 62.3% in 2021. Due to its toughness and strength, architectural-type glass is used extensively in various construction projects. This segment is also driven by the growing emphasis being placed by regulatory bodies on building fire safety principles and adherence to standard codes.

There is a higher chance of fire explosions in ‘Marine’ settings, particularly offshore vessels. This is because they are more vulnerable to severe weather conditions like strong waves, wind, extreme temperatures, and heat. Increasing safety concerns concerning the possible sinking of container vessels in the event of a fire breakout have led to the increased use of the fire-resistant glass market in the Marine segment.

The ‘Others’ segment includes automotive, aerospace, and defense applications. The automotive industry is likely to index a surge in demand due to strict flammability and structural airworthiness requirements of safety glass. Safety glass can be used for windows, cabin partitions, and screens.

Key Market Segments:

By Product Type

• Wired
• Ceramic
• Gel-Filled
• Tempered
• Other Product Types

By Application

• Building & Construction
• Marine
• Other Applications

Market Dynamics:

According to the U.S. Fire Administration (USFA), a total of 1,291,500 fire incidents occurred in the country in 2019, resulting in 16,600 deaths and a financial loss of US$14.8 billion. This led to an increase in awareness concerning the importance of installing fire safety-related products in buildings. In the future, this will likely lead to a spike in the use of the fire-resistant glass market in the country. Market growth is expected to be driven by increased consumer spending and a higher likelihood of fire incidents. Market growth is also supported by the increasing demand from the automotive aftermarket and higher military spending.

The COVID-19 pandemic brought about a decline in revenues for this market in 2020. The pandemic affected manufacturers across the board. This crisis created new problems, including unstable raw material prices and unemployment rates, minimum production levels, mandatory factory shutdowns, and hampered logistics. The second half of 2020 saw this market gradually recover. All factories, supply chains, project sites, and logistics centers remained closed until June 2020. Companies began ramping-up operations after that. To recover from 2020’s losses, these companies are now implementing initiatives to increase their respective generated revenues substantially.

Because of their unique characteristics, fire-resistant glass can be used in areas such as windows, glazing, and doors. They are used to prevent the spread of heat, smoke, and fire, which is a major factor driving the further expansion of this global market. The average monthly spending for private construction in the United States was US$1,245 billion in 2021.

The automotive market segment has numerous applications for fire-resistant glass, such as in-vehicle roofs and side panels. Fire-resistant glass has been used in vehicles due to a growing demand for safer and more reliable vehicles. According to the International Organization of Motor Vehicle Manufacturers (IOMVM), vehicle sales increased by 4.9% between 2020-2021.

Market growth is likely to be limited by strict regulations placed on manufacturers of fire-resistant glass market by various government agencies. Moreover, growth opportunities for the fire-resistant glass market are expected to be facilitated by governments’ increased spending on defense applications.

Regional Analysis

North America accounted for the highest revenue share at over 33.2% in 2021. The projected timeline is slated to index a steady increase in CAGR. Several key factors driving this market include a surge in infrastructure investments, growing consumer spending ability, and an increased focus by regulators and governments on improving fire safety standards for commercial apartments and buildings.

The Asia-Pacific region is expected to grow the fastest over the forecast timeline. This region’s spike in construction activity and a higher incidence of fire accidents are likely to increase product consumption, particularly in emerging economies. According to the International Trade Administration, the U.S. Department of Commerce in China, China is a major construction market that generated revenues of US$440 million in 2020.

Europe accounted for the 2^nd highest revenue share in 2021. industrial growth here can be attributed to a growing number of innovative manufacturing facilities for automobiles, increasing investments toward the glass development of new products, and the overall expansion of end-user operations. The Dellner Bubenzer Group, which specializes in manufacturing specialist glass products, has expanded its U.K. operations. Over the forecast period, the MEA region is projected to grow at a 4.1% CAGR. The regional market growth rate is driven by growing product future demand due to increasing commercial and residential infrastructure within this region.

Key Regions and Countries Covered in This Report:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Leading industry major players are now more focused on mergers and acquisitions, high-profit margins, and regional expansion endeavors. AGC Glass bought Etex in November 2020. Pyroguard, India’s prominent producer of fire safety windows, increased its presence in India in November 2019. Companies aim to be resilient and survive to maintain financial permanency after the onset of the COVID-19 pandemic. The temporary suspension of construction industry activities brought about by this event caused a significant drop in product demand. Market dynamics were also affected by disruptions in respective supply chains. Companies are changing and reconfiguring business models to cater to expected growth in the demand for these products.

Market Key Players:

• Nippon Sheet Glass Co. Ltd.
• POLFLAM Sp. Z o.o.
• Pyroguard
• Safti First
• AGC Inc.
• GlasTrösch
• Nippon sheet glass co., ltd.
• Fuso glass india pvt. ltd.
• Akzonobel N.V.
• Schott AG
• Asahi glass co. ltd.
• Diamond Glass
• Ravensby Glass co. ltd.
• Saint-Gobain
• Other Key Players

For the Fire-resistant Glass Market research study, the following years have been considered to estimate the market size: