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Comprehensive Analysis on Fire Rated Glass Market | Pyroguard, Schott AG, Nippon Electric, AIS, Ravensby Glass and Fuso Glass India
Fire Rated Glass Market
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North America steered by Canada, Mexico and U.S fire rated glass market size may achieve significant growth during the forecast timeframe. Rising number of fire outbreaks in the U.S owing to heating devices, electric malfunctioning and unintentional reasons may drive the regional market size of fire rated glass. In 2017, fire incidents in the U.S. accounts at over USD 20 billion loss. Fire rated glasses are utilized in various applications like windows, glazing and doors owing to their superior fire resisting abilities than normal glasses which prevent fire, smoke and heat from spreading thereby driving market demand.
Growth in infrastructure and construction industry owing to rising number of large construction projects and increasing population may drive the overall glass market. Global infrastructure market is expected to be valued at over USD 4 trillion by the year 2020. Rising applications of glass in commercial and residential infrastructure owing to its visual appeal and stringent fire safety rules may drive product demand. Fire rated glass is widely used in indoor and outdoor application like glass roofs and dooms, cabins and partitions, mirrored glasses, doors, glazing and separation screens thereby driving the fire rated glass market size.
Fire rated glass also known as fire resistant glass are designed to provide protection against fire for a defined period of time which is much more than the normal glass panel. It acts as a barrier to prevent and slow down the spread of flames, heat and smoke in case of fire owing to its properties to block radiant and conductive heat transfer. Fire rated glass can withhold fire for a period ranging from 30 minutes to more than 180 minutes; this period is known as insulation period of glass.
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Europe led by Spain, Italy, France, UK and Germany fire rated glass market size may witness a substantial growth by the year 2025. Growth in automotive sector owing to increasing disposable income and improved standard of living are the key factors which are likely to drive the overall market size. In 2018, more than 18.5 billion cars were produced in Europe. The product is used in automobiles’ wind shields and window shield in order to make them compliant with stringent fire safety rules thereby fostering regional fire rated glass demand.
Global fire rated glass market share is highly fragmented and includes companies such as Saint Gobain, Pilkington, Pyroguard, Schott AG, Nippon Electric, AIS, Ravensby Glass and Fuso Glass India. Companies are looking for research and development for launching new products, and mergers & acquisition to expand their market size.
Related News: https://www.marketwatch.com/press-release/fire-rated-glass-market-by-regional-statistics-and-growth-trend-2019-2025-2019-10-15
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