Fire-Resistant Glass Market Competitive Insights 2021 - AGC Inc. (Asahi Glass), Schott AG, Nippon Sheet Glass Co. Ltd

Global Fire-Resistant Glass market gives essential information, objective insights regarding global market top key players analysis, and much more. The report provides detailed information on segmentation which covers product type, various components, end-user or applications, and various regions. The report deals with the most driving forces influencing the market’s revenue scale. The report delivers a comprehensive analysis of key segments, recent trends, major drivers, growth constraints, competitive landscape during this market. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Fire-Resistant Glass investments from 2021 till 2026.

The market for fire-resistant glass is expected to witness a CAGR of more than 9% during the forecast period.

Click Here to Get Free Sample PDF Copy of Latest Research on Fire-Resistant Glass Market 2021 Before Purchase:

https://www.marketinsightsreports.com/reports/10192352697/fire-resistant-glass-market-growth-trends-and-forecast-2020-2025/inquiry?Mode=18

Market Overview: -

- Ceramic glass is expected to grow at a significant rate during the forecast period as this type of glass has a fire-resistance from 20 minutes to 3 hours. Superior properties such as sound insulation and the ability to withstand thermal shock are likely to enhance the demand for ceramic-based fire-resistant glass.
- North America dominated the market across the globe with the largest consumption from countries, such as the United States and Canada. Strong regulations pertaining to building safety and fire safety in the region is likely to promulgate the regional market demand.

Competitive Landscape: -

The fire-resistant glass market is fragmented, with the top five players accounting for a major share of the market. The major companies include AGC Inc. (Asahi Glass), Schott AG, Nippon Sheet Glass Co. Ltd, Press Glass SA, and Saint-Gobain.

Key Market Trends: -

Increasing Demand from the Construction Sector

- Fire-resistant glasses have a wide range of usage in several applications such as glazing, windows, and doors as these products have superior properties such as resisting abilities that prevent fire, smoke, and heat to spread, and thereby is driving market demand in the construction sector.
- Building regulations apply to the construction of new buildings and to extensions and material alterations to the buildings. These safety laws on building construction have been following at a rapid pace in the interior surfaces and glasses for protection against fire hazards.
- According to the Indian Brand Equity Foundation (IBEF), the Indian real estate industry is likely to reach USD 1 trillion by 2030 and may contribute approximately 13% to the countrys GDP by 2025.
- Germany has the largest construction industry in Europe. The residential construction segment is expected to have moderately high growth. According to industry experts, the recent positive migration to the country is stimulating the demand for new residential construction. It is estimated that 3.6 million migrants are expected to arrive in Germany by 2020, requiring at least 350,000 new dwellings per year, which is expected to boost the construction sector. However, new housing demand will decrease to around 260,000 per year by 2025 and to 246,000 by 2030.

North America to Dominate the Market

- The North American region dominated the global market share. With growing applications in countries, such as the United States and Canada, the utilization of fire-resistant glass is increasing in the region.
- In the United States, The National Fire Protection Association (NFPA) was founded by insurance companies for standardizing the new market of fire sprinkler systems. NFPA created a set of codes named Comprehensive Consensus Codes, which include NFPA 5000 as the central building code, NFPA 101, and Life Safety Code.
- The codes explained in detail the minimum requirements for protecting occupants against toxic fumes, smoke, and fire in new and existing buildings. This is expected to lead to a growth of the fireproofing coatings market. 39 states in the United States adopted the NFPA 101 and the Life Safety Code, ensuring that buildings are protected, as well as all systems and services are correctly maintained. Such strict regulations pertaining to fire safety and building safety in the country is expected to boost product demand in the coming years.

Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Fire-Resistant Glass Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, Current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Fire-Resistant Glass Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth

Click the link to Browse This Full Report @:

https://www.marketinsightsreports.com/reports/10192352697/fire-resistant-glass-market-growth-trends-and-forecast-2020-2025?Mode=18

Contact Us:
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: +1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and Chinese and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.