Fire Resistant Glass Market by Type & Region by 2021 | Industry Leaders & New Revenue Pockets

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",global fire resistant glass market is projected to reach USD 7.36 Billion by 2021, at a CAGR of 12.9%. The market size was 9.57 Million square meters in 2015, and is projected to register a CAGR of 10.5% during the forecast period. This growth is fueled by the increasing production capacities, rising development strategies, growing shift toward ceramic and laminated fire resistant glass, and growing application sectors globally.

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Browse 167 market data Tables and 55 Figures spread through 178 Pages and in-depth TOC on "Fire Resistant Glass Market"

The increasing product launch/development, expansion, agreement/collaboration, and merger & acquisition are the key development activities adopted by the leading market players to drive the global fire resistant glass market

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The key companies offering fire resistant glasses were mainly involved in new product launch/development strategy from 2012 to 2016, accounting for a share of 52.4%. The companies rigorously adopt this strategy to strengthen their position in the market. The large players actively participated in enhancing their global reach, while the small companies concentrated more on expansion of their production and distribution facilities between 2012 and 2016.

Expansion was considered as the second-most preferred growth strategy by the manufacturers, and accounted for 38.1% of the total development strategies of the fire resistant glass market between 2012 and 2016.

The major manufacturers such as Compagnie De Saint-Gobain (France), NSG Pilkington (Japan), AG (Germany), Asahi Glass Co. Ltd. (Japan), Pyroguard (U.K.), Promat International NV (Belgium), Ravensby Glass Co. Ltd. (U.K.), SAFTI First Fire Rated Glazing Systems (U.S.), Anemostat (U.S.), and Fuso Glass India Pvt. Ltd. (India) are profiled in this report. These companies have adopted various organic and inorganic growth strategies such as new product launch/development, agreement/collaboration, expansion, and merger & acquisition.

Compagnie De Saint-Gobain (France), Asahi Glass Co. Ltd. (Japan), SAFTI First Fire Rated Glazing Systems (U.S.), SCHOTT AG (Germany), NSG Pilkington (Japan), and Promat International NV (Belgium) are the most important players in the fire-resistant glass market. These companies witnessed the highest strategy adoptions in the global fire resistant glass market, accounting for more than 82.5% of the overall activities from 2012 to 2016.

Compagnie De Saint-Gobain (France) is the key leader and contributor to the growth of tempered and laminated fire resistant glasses in the global fire resistant glass market. The company follows dynamic growth strategies such as new product launch/development and expansion to enhance its presence in France and the global market. It has been heavily investing in R&D of fire resistant glass products to provide innovative solutions in the infrastructure, automotive, and marine industries. The company’s diverse product portfolio and technologically advanced R&D centers have aided it in gaining a major share in the fire resistant glass market.

SCHOTT AG (Germany) is another major player that has established a strong foothold in the market. The company has a broad and diversified fire resistant glass product portfolio, which ensures its consistent growth in the market. The company is focused on both organic and inorganic growth strategies. It has enhanced its product portfolio with various growth strategies such as agreement/collaboration, expansion, and new product launch/development. In 2013, the company won The American Ceramic Society’s Corporate Environment Achievement Award for its environment-friendly manufacturing approach for the production of ceramic fire-resistant glasses. As part of its strategy, the company emphasizes on increasing its foothold in the emerging markets and strengthening its brand image in the market.

Increasing demand for passive fire protection in commercial buildings, implementation of stringent building safety codes, and the global shift of consumption & production capacities to emerging economies fuel the growth of fire-resistant glass in various application sectors

Fire resistant glasses prevent the spreading of flames & smokes, and block the transfer of radiant and conductive heat. The fire resistant glasses are available in various fire ratings ranging from 20 minutes to 180 minutes. The use of these glasses depends on area and size limitations, as well as building safety codes imposed by government associations with respect to specific applications. With the increasing safety codes and fire protection regulations, the use of fire resistant glasses is increasing rapidly in the building & construction industry. The fire resistant glass market is projected to register a CAGR of 12.9% to reach USD 7.36 billion by 2021.

Asia-Pacific is projected to grow at a high growth rate during the forecast period. India is the fastest-growing country in the Asia-Pacific fire resistant glass market, accounting for a moderate share in the overall market of the region. It is projected to be a potential market for fire resistant glasses owing to growing economy, rapid advances in technology, and increasing manufacturing and application industries.

Ceramic are the fastest-growing type of fire resistant glasses in the global market. The ceramic glasses can be tinted, mirrored, and transparent. They are gaining important among fire resistant glass manufacturers and end users owing to their wide range of applications. The ceramic fire resistant glasses provide fire ratings from 20 minutes to 3 hours, and can withstand thermal shock. These glasses also have high impact resistance that meet the Federal Standards 16CFR1201 - Category II.

The building & construction segment is projected to be the fastest-growing application of the fire resistant glass market during the forecast period. To reduce loss of property and life, various codes and regulations have been implemented worldwide, which increase the use of these glasses. The safety codes and regulations are highest in Europe, followed by North America. National Fire Protection Association (NFPA) and International Building Code (IBC) are the major regulatory bodies that impose the codes and standards for fire resistant products in various markets.

The major players in the global fire resistant glass market implemented various development strategies in the past five years. New product launch/development, agreement/collaboration, expansion, and merger & acquisition are some of the key strategies undertaken by manufacturers such as Compagnie De Saint-Gobain (France), SCHOTT AG (Germany), Asahi Glass Co. Ltd. (Japan), SAFTI First Fire Rated Glazing Systems (U.S.), and Promat International NV (Belgium, which has helped enhance production and increase the demand for fire resistant glasses in the global market.

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