Market Size of Europe Fire-Resistant Glass Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 8.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Fire-Resistant Glass Market Analysis
The fire-resistant glass market in Europe is expected to register a CAGR of over 8% during the forecast period.
The outbreak of the COVID-19 pandemic witnessed economic activities being brought to a standstill with the prevalence of strict social-distancing norms, prolonged lockdowns, and the uncertainties associated with the future. The building and construction industry was particularly impacted heavily by the lack of labor and supply chain disruptions, diminishing demand for fire-resistant glass. However, with the lifting of social-distancing curbs and other restrictions, the building and construction industry is expected to register a steady recovery, driving demand for fire-resistant glass during the forecast period.
- With growing construction activities across the European region and the rise in stringent fire safety norms, demand for fire-resistant glass is expected to rise substantially across the region.
- On the flip side, high prices of fire-resistant glasses and the prevalence of quality control issues could potentially hinder market growth.
- However, rising investments in the marine industry, and the growing demand for fireproof cabins on ships used in naval and commercial applications, are anticipated to further strengthen this demand.
- Germany with its growing marine industry and the rising construction sector is expected to lead the fire-resistant glass market across the European region.
