Fire Resistant Glass Market Report 2023, By Segmentations, Key Company Profiles and Demand Forecasts to 2030
The global fire resistant glass market is set to gain momentum from its ability to provide protection against flames and smoke. It is capable of blocking heat transfer. This information is given by Fortune Business Insights™ The report further states that fire resistant glass is often produced by using numerous layers of glass, as well as fire resistive interlayers.
A list of all the reputed fire resistant glass manufacturers operating in the global market:
- SCHOTT AG
- NSG Pilkington
- Asahi Glass Co. Ltd.
- Other prominent key players
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Drivers & Restraints-
Increasing Number of Fire-related Accidents to Drive Growth
The rising investments by governments of various countries worldwide in automobiles and commercial & residential building projects are likely to bolster the fire resistant glass market growth in the near future. Also, the increasing number of accidents associated with fire would surge the demand for fire resistant glasses.
Furthermore, the European Automobile Manufacturers Association (ACEA) and the National Highway Traffic Safety Administration (NHTSA) have imposed stringent norms and regulations to increase vehicular safety for reducing the number of accidents. Apart from that, the increasing use of fire resistant glasses in residential and commercial buildings because of certain standards set by the Occupational Safety and Health Administration (OSHA) would contribute to this growth. However, rising fluctuations in the prices of raw materials, such as boron oxide and silicon may obstruct demand.
Key information from the Research Report:
- Extensive information on factors estimated to affect the market growth and share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects of market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the market, underlining the growth rate and opportunities offered in the business.
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High Demand from End-use Industries in India & China to Aid Growth in Asia Pacific
Geographically, North America is set to generate the largest fire resistant glass market share throughout the forthcoming years. This growth is attributable to the imposition of strict rules and regulations by government authorities to lower fire-related accidents and mishaps. Asia Pacific, on the other hand, is anticipated to be the fastest growth region backed by the increasing demand for fire resistant glasses from end-use industries located in India and China.
Key Players Focus on Research & Development Activities to Develop Unique Products
The market for fire resistant glasses is fragmented with the presence of some of the leading companies, namely, Pyroguard, Compagnie De Saint-Gobain, NSG Pilkington, Asahi Glass Co. Ltd., and SCHOTT AG. They are mainly aiming to bring about technological advancements in their existing products by conducting extensive research and development activities. Below is one of the significant industry developments:
- January 2017: Asahi India introduced its latest fire resistant glass for reducing spreading of heat and fire. It will also deliver enough time to deploy evacuation plans.
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