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 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.
Fire Resistant Glass Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2019-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Fire Resistant Glass include Nippon Electric Glass Co. Ltd, Glass Dynamics Inc., Promat International N.V., Schott AG, Compagnie De Saint Gobain, Nippon Sheet Glass Co. Ltd., SAFTI FIRST Fire Rated Glazing Solutions, Asahi Glass Co. Ltd., Technical Glass Products, Ravens by Glass Co. Ltd., and Fuso Glass India Pvt..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Fire Resistant Glass Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/fire-resistant-glass-market/download-sampleMarket SegmentationThe broad Fire Resistant Glass has been sub-grouped into the Type, Application and Region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
Insulating Fire Resistant Glass market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Insulating Fire Resistant Glass market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Insulating Fire Resistant Glass market is segmented into:Sandwich CompositeWire FireSpecial FireHollow FireDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/60540/global-united-states-insulating-fire-resistant-glass-2026-48Segment by Application, the Insulating Fire Resistant Glass market is segmented into:Building & ConstructionMarineOthersRegional and Country-level Analysis:The Insulating Fire Resistant Glass market is analysed and market size information is provided by regions (countries).The key regions covered in the Insulating Fire Resistant Glass market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Insulating Fire Resistant Glass Market Share Analysis:Insulating Fire Resistant Glass market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
