This market research report presents a detailed segmentation of the global fire-resistant glass market by product type (laminated fire-resistant glass, tempered fire-resistant glass, wired fire-resistant glass, and ceramic fire-resistant glass). It outlines the market shares for key regions such as the Americas, APAC, and Europe. The key vendors analyzed in this report are AGC, NSG, Saint-Gobain, and SCHOTT.
Technavio has released its new market research report, global fire-resistant glass market, which is expected to grow at a CAGR of 13% between 2016 and 2020. The growth in the housing sector is expected to augment the growth of the fire-resistant glass market. Rise in disposable income has encouraged consumers to opt for various home improvement solutions. People have started investing in fire resistant glass door to improve aesthetics and increase the safety of the buildings.
“Of late, the fire resistant glass doors are gaining prominence as they are ideal solutions for both commercial and residential construction projects. These doors are customizable and available in different fire-rated applications such as 45 minutes, 60 minutes, and 90 minutes. They are also suitable for separating commercial areas that allow the view on both the sides and are commonly used for hotel meeting rooms, interiors office doors, and residential stairways,” says Soumya Mutsuddi, Lead Analyst, Heavy Industry, Technavio Research.
The increase in raw material prices is one of the major challenges to the growth of the market. Raw materials such as silica sand, soda ash, silicates, and limestone used in the manufacturing of glass are expensive. The fluctuating prices of these raw materials lead to an increase in the production costs. For instance, soda ash, one of the expensive raw materials used in glass manufacturing accounts for around 60% of total cost of raw materials.
The key players in the global fire-resistant glass market include AGC, NSG, Saint-Gobain, and SCHOTT. This market is dominated by international players such as AGC, NSG, Saint-Gobain, and SCHOTT. The fire-resistant glass manufacturers focus on producing glass that are suitable for different applications across various sectors. New product innovations in fire-resistant glass category are enabling manufacturers to attract customers and increase their market share in the industry.
A more detailed analysis is available in the Technavio report, Global Fire-resistant Glass Market 2016-2020.
We can customize this reports by other regions and specific segments upon request.
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