The global fire-resistant glass market is projected to grow at a considerable CAGR of 8.9% during the forecast period (2020-2026). The growing construction and transport industry across the globe along with the rising emphasis on improving the fire safety standards is a key promoter to the growth of the global fire-resistant glass market. The growing usage of glasses in the interior and exterior of buildings to improve the aesthetic appearance of the building has propelled the demand for different kinds of glasses. Fire-resistant glass is highly being adopted in commercial construction projects to meet the decoration purpose along with the creation of a barrier for an unwanted fire hazard. Manufacturing of doors, windows partitions, transoms, roofs, and facades in buildings is a key application of fire-resistant glass in the building and construction industry. 

The rising incidents of fire mishaps across the globe have created the demand for materials that possess high resistance to the fire. This, in turn, has contributed to increased investment by local governments globally to improve the fire protection of residential and commercial buildings, among others. Besides, the increasing adoption to fire alarm systems in all building categories, cohesive government regulation, growing urbanization in the emerging economies, and growth in the construction of high-rise buildings are the major factors that are driving the market. The biggest concern for the security of human life and property has been safety measures in high-rise buildings or complexes, and this is where fire-resistant glass is taken into account. 

Fire resistance glass provides a defensive shield that prevents fire, smoke, and gas from spreading to adjacent areas that are not on fire. Integrity, radiation protection, and insulation are the key properties of fire-resistant glasses. Volatility in the prices of fire-resistant glass raw materials, heavy competition among the major players in the industry, and high capital expenditure in the manufacture and marketing of these glasses are some of the main factors that are constraining the growth of the global fire-resistant glass market.

Segmental Outlook  

The fire-resistant glass market is segmented based on products and applications. Based on the product, the market is segmented into wired, ceramic, tempered, laminated, and others. Ceramic is expected to hold a major market share based on the product. The ceramic-based fire-resistant glass offers superior fire resistance from 20 minutes to 3 hours coupled with the ability to withstand thermal shock. The high fire resistance of ceramic-based fire-resistant glass is a key factor anticipated to drive the growth of this market segment. Based on application, the market is segmented into building & construction, marine, others.

Construction to Hold Considerable Share Based on End-User Industry

Continuous growth in the emerging economies, the number of smart city projects, government schemes, and investment in transport, energy, and housing projects are some of the major factors for the growth of the construction sector all across the globe. With the rise in the building and construction industry, the demand for fire-resistant glass will significantly increase during the forecast period.  In buildings, fire-resistant glasses are often used to prevent the spread of fire, smoke, and gases to neighboring areas that are not on fire.

Global Fire-Resistant Glass Market Share by Application, 2019 (%)

Regional Outlook 

The global fire-resistant glass market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is anticipated to hold a considerable market share in the market and is also anticipated to exhibit the highest CAGR during the forecast period. The presence of strict laws and regulations related to fire safety is a key factor contributing to the demand for fire-resistant glass in the region. China is the major contributor to the high growth of the fire-resistant glass market in Asia-Pacific. Moreover, the developing construction industry of the major economies of Asia-Pacific such as India, China, Japan, and Singapore among others is creating for such material to meet the fire safety requirements in buildings. Governments of emerging economies including China, India, and Middle East countries have increased expenditure on infrastructure development to cater to the growing urban population, which is expected to create opportunities for foreign investments. Hence, high investment in the overall infrastructural development is anticipated to increase the demand for these products over the forecast period.

Global Fire-Resistant Glass Market Growth, by Region 2020-2026

Market Players Outlook

Key market players contributing to the growth of the global fire-resistant glass market include SCHOTT AG, Nippon Sheet Glass Co., Ltd., Saint Gobain S.A., AGC, Inc. (Asahi Glass), Allegion Plc, ESG Group, Ltd., O'Keeffe's, Inc., Shandong Hengbao Fireproof Glass Factory Co., Ltd. and so on. The diverse product portfolio, adoption of different growth strategies continuously, strategically positioned R&D centers, and technological advancements are some of the major activities the players of the fire-resistant glass market are adopting to remain competitive in the marketplace. 

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global fire-resistant glass market. Based on the availability of data, information related to the products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.