Fire-Resistant Glass Market Analysis APAC, Europe, North America, Middle East and Africa, South America - China, US, Germany, UK, Japan - Size and Forecast 2024-2028

Fire-resistant Glass Market Size 2024-2028

The fire-resistant glass market size is estimated to increase by USD 3.71 billion and grow at a CAGR of 11.23% between 2023 and 2028. Market expansion hinges on various factors, such as an increase in the development of commercial infrastructure, the implementation of strict regulations promoting enhanced fire safety measures, and the worldwide expansion of the commercial sector. These elements collectively shape the trajectory of market growth, reflecting a combination of urban development, regulatory compliance, and global economic trends. The rise in commercial infrastructure development underscores the demand for construction materials and fire safety solutions to meet evolving industry standards. Simultaneously, stringent regulations aimed at improving fire safety highlight the importance of safeguarding commercial properties and occupants. Additionally, the global growth of the commercial sector signifies opportunities for market expansion across diverse geographical regions. Thus, the interplay of these factors delineates the landscape for the anticipated expansion of the market catering to fire safety and commercial infrastructure solutions.

What will be the size of the Market During the Forecast Period?

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Market Segmentation

By Application

The market share growth of the building and construction segment will be significant during the forecast period. The growth is majorly attributed to rapid industrialization and increasing construction activities in developing countries, such as China, Thailand, Malaysia, and Indonesia. Moreover, the market for new buildings is witnessing steady growth in the US and the Middle East. Both residential and industrial building spending in the US is witnessing stable growth.

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The building and construction segment was valued at USD 1.89 billion in 2018. The rising level of urbanization can increase the demand for new residential buildings and thereby influence the demand for construction applications. Moreover, there is an increase in investments in construction projects across the world. For instance, in August 2021, Amazon announced that it was expanding its offices in six US cities: New York, Phoenix, San Diego, Denver, Detroit, and Dallas. Hence, such an increase in construction activities will increase the demand from the building and construction segment during the forecast period

By Region

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APAC is estimated to contribute 52% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

APAC was the largest geographical segment of the global market in 2022 and will continue to remain the largest segment during the forecast period. APAC is the fastest-growing region in the global market. The market in APAC is dominated by developing countries such as China and India. Japan and Australia also contribute to significant revenue growth in the market owing to strict regulatory mandates and increased awareness of the need for fire safety compliance across end-user industries. Over the last decade, APAC has witnessed a growth in real estate development, which directly impacts the sales of fire safety systems, which in turn contributes to the demand for fire-resistant glass. The presence of well-defined building codes across several countries, such as Japan, China, Australia, Singapore, and India, has mandated the installation of fire safety systems, which require the use of fire-resistant glass.

Market Dynamics and Customer Landscape

Fire-resistant glass is a specialized type of glass designed to withstand the effects of fire, including flames, smoke, and heat transfer. It is made by incorporating fire-resistive interlayers between two or more layers of glass. These interlayers prevent the spread of fire and insulate against heat, making fire-resistant glass an essential safety feature in various applications. The global fire-resistant glass market is driven by increasing fire-related accidents in residential and commercial building projects, as well as in automobiles. The demand for fire-resistant glass is also fueled by government spending on infrastructure development and safety regulations. The market is segmented based on the type of glass, including the ceramic segment and the tempered glass segment. The gel-filled segment is expected to grow at a significant rate due to its superior fire-resistant properties. Raw materials used in the production of fire-resistant glass include silicon and boron oxide. Production technologies include the vacuum-deposited interlayer method and the co-extrusion method. The market is also influenced by raw material prices, unemployment rates, logistics, and the automotive aftermarket. Fire-resistant glass finds extensive applications in building & construction, marine applications, and automobiles, particularly in vehicular safety. Military spending on defense and security is also a significant contributor to the market growth. Despite the market's promising growth, challenges such as increasing competition and raw material availability issues persist. However, the market is expected to continue its upward trajectory due to its essential role in ensuring safety and compliance with fire safety regulations.

Key Market Driver

The rise in the development of commercial infrastructure is notably driving market growth. Emerging economies, such as India, China, and other Asian countries, have witnessed a rapid increase in the urban population over the past decade. The increase in the global urban population has propelled infrastructure construction activities, such as the construction of residential buildings, roads, malls, and commercial properties.

Urban areas have been expanding, in terms of radius and height, along with the growth in the urban population. The construction of high-rise buildings is encouraging manufacturers to add advanced and innovative offerings, which can efficiently meet the specific demands of the construction industry, to their product lines.

Furthermore, fire safety systems are mandatorily required at airports, restaurants, and educational institutions. Even a small fire can result in a serious safety threat to the large population in these commercial spaces, owing to high footfalls. For instance, in November 2022, a Federal Express plane caught fire at Calgary International Airport in Canada. Hence, the development of commercial infrastructure is aiding the adoption in construction, which, in turn, is likely to boost the growth of the market during the forecast period.

Significant Market Trend

The increasing number of skyscrapers is the primary trend in the market. The increasing migration of people from rural areas and small towns to metropolitan cities for better opportunities and an improved lifestyle is leading to the rise in urbanization and driving the preference for modern architecture.

As a basic prerequisite, skyscrapers require structural resilience with regard to resisting fire and limiting the fire spread. In these respects, this is very effective as part of the fire safety compartmentation and fire separation strategy that uses the construction and layout of a building to contain and isolate a fire. This is also leading to investments in skyscrapers. Various countries are investing in the development of skyscrapers. Hence, the rise in the number of skyscrapers worldwide will lead to increasing demand for curtain walls, which, in turn, will drive the growth of the global fire-resistant market during the market forecasting period.

Major Market Challenge

High competition among companies is the major challenge impeding market growth. The market generates billions of dollars in revenue each year, but on the other hand, it faces several challenges, one of them being the highly saturated nature of the market. There is a very high market concentration in the construction glass industry, especially in densely populated urban centers that often account for the highest growth in the construction sector. The majority of applications come from skyscrapers or other high-rise buildings, which are usually more prevalent in urban areas owing to the shortage of space. These buildings offer high revenue potential to builders and land developers, thus making them a prime target for suppliers.

Building contractors have bargaining power in the market, as there is a surplus of suppliers to choose from. This excess supply from both local and international players will put downward pressure on pricing and thus make the market unattractive to new players. Thus, the high competition in the market will reduce the profit margin of the companies, which will negatively impact the growth of the market during the market forecast period.

Key Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Market Players?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Technical Glass Products Inc. - The company offers fire-resistant glass such as FireLite, FireLite Plus, FireLite Plus WS, FireLite Plus NT, FireLite Plus IGU, and Fireglass 20. The company offers fused quartz tubing, fused quartz rods, plates and discs, microscope slides, fused quartz joints, fused quartz labware, fused quartz wool and felt, and fritted discs.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

• Asahi India Glass Ltd.
• Saint Gobain
• Crane Co.
• FG Glass Industries Pvt. Ltd.
• Fuso Glass India Pvt. Ltd.
• Metek Co. Ltd.
• Nippon Sheet Glass Co. Ltd.
• OKeeffes Inc.
• Pacific Fire Controls Pvt. Ltd.
• Press Glass Holding SA
• Pyroguard UK Ltd.
• Ravensby Glass Co. Ltd.
• SCHOTT AG
• Shenzhen Sun Global Glass Co. Ltd.
• Siddhi Engineering Co.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments

• Application Outlook 
  • Building and Construction
  • Marine
  • Others

• Product Outlook 
  • Ceramic fire-resistant glass
  • Laminated fire-resistant glass
  • Wired fire-resistant glass
  • Tempered fire-resistant glass

• Region Outlook 
  • APAC
    • China
    • India
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • North America
    • The U.S.
    • Canada
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Chile

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Market Analyst Overview

Fire-resistant glass is a specialized type of glass designed to withstand the effects of fire, including flames, smoke, and heat transfer. It achieves this functionality through the use of fire resistive interlayers, typically made of materials like silicon or boron oxide, sandwiched between two layers of glass. The market for fire-resistant glass is driven by the increasing number of fire-related accidents in residential and commercial building projects, as well as in automobiles for vehicular safety. Government spending on urban housing projects and high-rise buildings, particularly in developing countries, is expected to fuel industry growth. Fire incidents resulting in deaths, injuries, and loss continue to be a significant concern, driving demand for fire-resistant glass. Production technologies and raw material prices are key factors influencing industry development. In addition to building & construction applications, fire-resistant glass finds use in marine applications and the automotive aftermarket. Milestone events like fire accidents, oxygen, combustion, heat, and reactant gases also impact market trends. Companies like Pyroguard are major players in this market.

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What are the Key Data Covered in this Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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