The report “Fire Resistant Glass Market by Type (Laminated, Ceramic, Tempered, Wired), by Application (Building & Construction, Marine, and Others), and by Region – Global Forecast to 2021,” published by MarketsandMarkets, states the global fire resistant glass market is projected to reach USD 7.36 billion by 2021, at a CAGR of 12.9 percent. The market size was 9.57 million square meters in 2015, and is projected to register a CAGR of 10.5 percent during the forecast period.
This growth is fueled by increasing production capacities, rising development strategies, growing shift toward ceramic and laminated fire resistant glass, and increasing application sectors worldwide.
Laminated fire resistant glass market
Laminated is the largest segment type of the fire resistant glass market, as this glass has the ability to provide effective glazing solutions with impact resistance and heat and smoke resistivity. The demand for laminated fire resistant glass is higher in applications where the fire safety and impact resistance codes are the most stringent. These glasses are made with various forms of interlayering such as EVA (ethylene-vinyl acetate), PVB (polyvinyl butyral), and gel, depending on the application requirement. The wide application areas coupled with the growing adoption of development strategies for high quality and fire resistivity for long durations, are expected to significantly increase the demand for laminated fire resistant glasses worldwide during forecast period.
Building/construction use of fire resistant glass
Building/construction is currently the largest application of fire resistant glass. These glasses are used in fire-rated windows and doors, as they allow safe and unhindered passage access for people, firefighters, and rescue workers during fire mishaps. The ability to prevent smoke and radiant heat from spreading to other parts of the building has made these glasses a preferred option in various commercial and residential building applications such as schools, hospitals, stairs, and passages. Stringent building safety standards and regulations are key factors contributing to the growth of fire resistant glasses used in building/construction.
Largest market for fire resistant glass
Western Europe is estimated to be the largest market for fire resistant glass worldwide. This is mainly attributed to the presence of a large number of fire resistant glass manufacturers, increasing government support, rising foreign investments, and growing demand for ceramic, tempered, and laminated fire resistant glasses from the building/construction, marine, transportation, and aerospace industries. Germany dominates the market owing to stringent building safety codes and fire safety regulations for commercial buildings, and developmental strategies adopted by the manufacturers.
The global fire resistant glass market is fragmented owing to the presence of a large number of buyers and suppliers worldwide. Increasing rivalry among companies to obtain the majority of patents for fire resistant glass (in applications such as building & material, transportation, oil refinery, and aerospace) has played a major role in intensifying this competition. Major players such as SCHOTT AG (Germany), Compagnie De Saint-Gobain (France), and Asahi Glass Co. Ltd. (Japan) have adopted organic and inorganic developmental strategies.
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