Global Fire Resistant Glass Market

Fire resistant glasses control smoke, fire, and heat, thereby letting safe passage in case of fire. The rise in fire-related accidents has propelled the demand for fire resistant glasses. Lately, it has been observed that the market for passive fire protection has grown significantly. It can be attributed to the low maintenance cost of passive fire protection as compared to active fire protection. Furthermore, the performance and reliability of passive fire protection systems are higher than that of active fire protection systems. Fire resistant glass is one of the passive protection systems and hence, it is witnessing increasing adoption across various sectors.

On the basis of product type, fire resistant glasses can be classified into laminated, wired, ceramic, and tempered. Laminated fire resistant glasses have witnessed significant demand, especially across Europe. These glasses are preferred by architects and builders as they meet the building codes and fire safety regulations. Laminated fire resistant glasses are capable of blocking smoke and flames while resisting conductive and radiant heat.

The key applications areas of fire resistant glass include boats, building and construction, defense, and others. The building and construction sector is the largest application segment of the global fire resistant glass market. Fire resistant glasses are extensively used to build fire windows, walls, and doors in hospitals, schools, and other commercial and residential buildings.

Global Fire Resistant Glass Market: Overview                             

A spike in fire-related accidents and loss of assets are the primary factors driving the the global fire resistant glass market. The market is witnessing a significant growth since the last decade. Implementation of various fire safety codes and regulations by governments across nations has also supported the growth of the market. Developed economies in Europe and North America have been at the forefront in implementing the fire safety regulations. The International Building Code (IBC) and National Fire Protection Association (NFPA) are the key regulatory bodies deciding the standards and codes for fire resistant products. Vendors in the market are required to adhere to these safety standards while developing innovative and novel fire resistant glasses. Furthermore, fire resistant glasses are needed to comply with various other building safety and fire protection norms such as UL 10B and UL 10C.

Global Fire Resistant Glass Market: Region-wise Outlook                                              

The global fire resistant glass market has been segmented into four key regions: Europe, Asia Pacific, North America, and Rest of the World. Europe is one of the largest consumers of fire resistant glass, followed by Asia Pacific. Factors such as stringent fire safety regulations across the European Union, growing construction industry across Germany and Poland, and comparatively higher processing of fire resistant glass are aiding growth of the Europe fire resistant glass market. In Asia Pacific, the rapid growth of the construction sector across urban areas has fuelled the demand for fire resistant glasses. In fact, Asia Pacific is anticipated to witness the fastest growth in the market during the forecast horizon owing to the growing demand from India, China, South Korea, and Indonesia.  

Global Fire Resistant Glass Market: Vendor Landscape

Some of the key players operating in the global fire resistant glass market are Glass Dynamics Inc. (U.S.), Nippon Electric Glass Co. Ltd. (Japan), Nippon Sheet Glass Co. Ltd. (Japan), Schott AG (Germany), Promat International N.V. (Belgium), Asahi Glass Co. Ltd. (Japan), Compagnie De Saint Gobain (France), Ravensby Glass Co. Ltd. (U.K.), Technical Glass Products (U.S.), SAFTI FIRST Fire Rated Glazing Solutions (U.S.), and Fuso Glass India Pvt. Ltd. (India). The market players are focusing on mergers and acquisitions, and joint ventures to expand their market share. Furthermore, various fire resistant glasses for refineries, buildings, and ships are being developed by the players.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Fire Resistant Glass Market

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