Global Fire Rated Glass Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Fire Rated Glass Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Fire-rated glass is specially designed to prevent the spread of flames and smoke, and depending on product makeup, the transfer of radiant and conductive heat. Fire-rated glass is specialist glass that has been proven to provide a period protection against fire during a Fire Resistance Test. The degree of protection offered depends on the type of fire rated glass used but generally speaking, all fire-rated glass acts as a barrier to help prevent the spread of flames and smoke in the event of a fire. Certain types of fire-rated glass will also provide a degree of protection (insulation) against the heat of a fire.

Market Overview:

The latest research study on the global Fire Rated Glass market finds that the global Fire Rated Glass market reached a value of USD 4655.52 million in 2022. It’s expected that the market will achieve USD 6171.3 million by 2028, exhibiting a CAGR of 4.81% during the forecast period.

The outbreak of the epidemic has made fire rated glass materials companies face pressures such as tight cash flow, supply chain disruption, and general decline in market supply and demand. Most fire rated glass materials companies expect a significant drop in revenue. Distribution channels are very important for the glass industry. After the logistics and foreign trade were hindered by the epidemic, the turnover efficiency of product sales and operation decreased.

The market began to recover in the second half of 2020 with the implementation of prevention and control measures. All factories, logistics centers, supply chains and project sites are closed from May to June 2020. Since then, the company has begun to ramp up operations. These industries are redoubling their efforts to recover from the losses suffered in 2020. Considering the new normal and the continuous recovery and growth of building and construction activities in the future, the refractory market is expected to rise in the coming years.

Enterprises in the fire rated glass industry can upgrade their products and services by expanding online sales channels, rapidly changing production, and changing technology and management. In the face of the impact of the epidemic on the offline market, some fire rated glass companies have taken measures to actively respond: rapidly changing marketing strategies, promoting online transformation, and expanding sales channels; using new technologies such as Internet + and artificial intelligence to improve the fire rated glass industry. Production methods, upgrade products and services; promote the fire rated glass industry to release huge development potential. Although the epidemic has brought great challenges to fire rated glass, it has also accelerated the transformation and upgrading of its affiliated enterprises to a certain extent, and promoted the process of eliminating outdated production methods and optimizing structures in some fire rated glass material industries.

High Cost Associated with Fire Resistant Glass

In recent times there has been an increase in the prices of raw materials that are used for fire resistant glass manufacturing such as soda ash, iron oxide, limestone, feldspar, and more, owing to which there is an increase in the price of fire resistant glass as well. Soda ash is mined from the trona ore, which forms naturally. Excess use of trona is bounding the manufacturing opportunities of soda ash. Exhaustion of natural resources on earth is distressing the mineral ore - trona. As trona ore is getting depleted continuously, it affects the manufacturing process of soda ash and thus causing a rise in price for the process, thereby increasing the price of soda ash. Hence it can be deduced that the cost of raw materials is continuously increasing or fluctuating because of factors such as transportation & logistics, depletion of natural resources, and more, which is affecting the price of fire resistant glass as well. Also, the costs of fire-resistant glass are proportional to its function and performance to meet building code requirements. Fire-resistant glass undergoes extensive research and testing to ensure that quality and performance standards are met, and as a result, it is more highly-priced. Thus, the volatility and increase in prices of fire resistant glass raw materials are expected to be a significant challenge for the fire resistant glass market manufacturers, which will constrain the market growth during the forecast period.

Innovation and Development of Glass Market

Inorganic grouting composite fireproof glass and high borosilicate monolithic fireproof glass are the main development fireproof products. Improving the safety factor and fire resistance stability is the future development direction of fireproof glass. Compared with ordinary monolithic fireproof glass, borosilicate fireproof glass in monolithic fireproof glass has excellent fireproof performance, but the price is higher. With the continuous improvement of production technology of borosilicate fireproof glass and the gradual decline of production cost, its market share will become larger and larger.
Inorganic grouting fireproof glass in composite fireproof glass because of its good fire insulation performance, a wide range of application, so it will be the main development trend of the next building fireproof glass, so we should focus on research and development to improve the formula of fire slurry, and further improve the weather resistance of inorganic grouting fireproof glass products.

Region Overview:

Geographically, United States held the largest market share – 41.42% in 2022.

Company Overview:

Asahi Glass is one of the major players operating in the Fire Rated Glass market, holding a share of 9.75% in 2023.

Asahi Glass

Asahi Glass manufactures and sells glass products. The Company produces architectural glass, automotive glass, applied glass materials, and other products.

Pilkington

Pilkington plc is one of the largest glassmakers in the world, specializing in the flat glass and safety glass sectors.

Segmentation Overview:

As for product types, the Ceramic Glass segment held the largest market share in 2022.

Application Overview:

By application, the Interior Building and Construction segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Fire Rated Glass market covered in Chapter 3:

Promat Glass UK
TGP
Pilkington
BGT Bischoff Glastechnik AG
Guangdong Golden Glass Technologies
Vetrotech Saint-Gobain
Technical Fire Safety Group
Scheuten
TECFIRE
SCHOTT
Nippon Electric Glass
Safti First
Coolfire
Shandong Hengbao Fire Resistant Glass
Pyrocare MY
Asahi Glass
Shidawo
Termoglas

In Chapter 4 and Chapter 14.2, on the basis of types, the Fire Rated Glass market from 2018 to 2029 is primarily split into:

Laminated Glass
Wired Glass
Tempered Glass
Ceramic Glass
Bent Glass

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Fire Rated Glass market from 2018 to 2029 covers:

Interior Building and Construction
Exterior Building and Construction
Marine
Transport (Automotive, Rail, etc.)

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)