The report “Fire Resistant Glass Market by type (Laminated, Ceramic, Wired, Tempered), End-Use Applications (Building & Construction, Marine), and Region (North America, Europe, Asia Pacific, South America, And MEA) – Global Forecast to 2029″, is estimated at USD 10.4 billion in 2024 and is projected to reach USD 16.1 billion by 2029, at a CAGR of 9.0% from 2024 to 2029. The increasing demand for fire resistant glass in the Asia-Pacific region, growing shift toward bio-based renewable substitutes, environment sustainability, and rising joint venture, and cross-industry collaboration activities undertaken by companies are the key factors responsible for the growth of the fire-resistant glass market.
Key Market Players
Vetrotech Saint-Gobain International AG (Switzerland), SCHOTT AG (Germany), AGC Inc. (Japan), Nippon Sheet Glass Co., Ltd. (Japan), Pyroguard Ltd. (UK), Anemostat (US), Fuso Glass India Pvt. Ltd. (India), Promat International NV (Belgium), Ravensby Glass Co. Ltd. (UK), and SAFTI FIRST (US).
North America region accounted for the second-largest share in 2023, in terms of value.
North America is considered as a strong market for fire resistant glass, which is also the second-largest region in the global fire resistant glass market. The increasing demand for passive fire protection, stringent government regulations, and a strong base of building & construction, and marine sectors are the key factors that govern the growth of the fire-resistant glass market in North America. the increasing awareness about the disadvantages of active fire protection, which needs to be activated either mechanically or electronically during fire mishaps and requires a certain degree of motion and response to work, the demand for passive fire protection systems is increasing in this region.
Fire Resistant Glass Market Dynamics
- Driver: Implementation of stringent building & safety codes in application markets
- Restraint: High production cost
- Opportunity: Greater design flexibility along with safety
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Challenge: Rising quality standards and technological benchmarks in Asia Pacific
