There is a lot of demand for safety and fire protection in buildings, but it comes at a cost. These days, there are many different materials to consider when creating your home or business’s walls, floors and ceilings – from concrete and brick to metal and plastic. In this article you will find an overview of the fire resistant glass market trends, who uses it the most, and how much demand has been growing in recent years.
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What is the Forecasted Demand for Fire Resistant Glass?
According to a study conducted by MarketsandMarkets, the global fire resistant glass market is expected to grow from $1.2 billion in 2016 to $2.8 billion by 2025. The growth of this market is primarily due to the increasing demand for fire-resistant products, such as construction materials and furniture. Apart from this, the growing awareness about the importance of safety and the need for sustainable development are also contributing factors to the growth of this market.
The major players in this market include The Owens-Illinois Inc., Pilkington Group plc, Schott Glass & Co., Inc., Saint-Gobain Performance Plastics S.A., and Asahi Glass Co., Ltd.
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How Will Demand for Fire Resistant Glass by Types be Affected in the Future?
The demand for fire resistant glass is anticipated to increase in the future owing to the increasing incidence of fires and the requirement of buildings to meet safety regulations. The global fire resistant glass market is expected to grow at a CAGR of 7.5% from 2016 to 2021.
The major types of fire resistant glass are polycarbonate, soda lime glass, and borosilicate. Polycarbonate is the most commonly used type of fire resistant glass, followed by soda lime glass. Borosilicate is gaining popularity due to its high performance and resistance to thermal shock.
However, there are certain challenges that the market faces such as high cost and low productivity. The high cost of polycarbonate is one of the key factors restraining its adoption in the market. Additionally, lack of certifications and standards for this type of glass limits its usage in various applications.
Major players in the global fire resistant glass market include Eastman Chemical Company (U.S.), Bayer MaterialScience AG (Germany), Corning Incorporated (U.S.), Akzo Nobel N.V./ Akzo Nobel plc (the Netherlands), JSR Corporation (Japan), Saint-Gobain Performance Plastics Sàrl (
Factors Driving or Dampening Demand for Fire Resistant Glass
The global fire resistant glass market is expected to grow at a CAGR of 7.5% during the forecast period 2019-2024. Factors such as environmental concerns and rising awareness about fire safety are driving the demand for this type of glass. The increasing number of high-rise buildings and factories is also fuelling the growth of the fire resistant glass market.
Some of the major players in the fire resistant glass market are AIG, EPDM, Shin-Etsu Chemical Co., Ltd., Schott Glass America, Inc., and PVK Industries, Ltd.
Global Industry Trends
The fire resistant glass market is expected to grow at a CAGR of 7.7% during the forecast period 2018-2025. The installations in fire proofing of commercial and residential buildings are increasing in number and demand for this type of glass is on the rise.
A key factor driving the growth of the fire resistant glass market is the increasing focus on safety in both commercial and residential settings. This is due to the fact that accidents caused by fires are becoming more common, thereby resulting in increased losses for businesses and homeowners.
Another reason for the growth of the fire resistant glass market is the increasing trend of green building. Construction companies are opting for this type of construction as it helps them save on energy bills and promotes a more environmentally friendly approach.
Some of the key players in this market include APS Glass (U.S.), Alfa Laval (Switzerland), Pilkington (UK), Schott Glass Group (U.S.), Saint Gobain Glass Europe (France), and United Technologies Corporation (U.S.). This report is the result of Canadean’s extensive market research covering the fire resistant glass market in Europe. It provides a top-level overview and detailed insight into the operating environment of the fire resistant glass market in Europe. It is an essential source of information for companies active across the value chain and for new players considering entering the market.
