Market Size of Fire-Resistant Glass Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 9.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Fire-Resistant Glass Market Analysis
The market for fire-resistant glass is expected to witness a CAGR of more than 9% during the forecast period. Increasing construction activities in the Asia-Pacific region, along with growing stringent fire safety norms pertaining to the construction of buildings, are the major factors driving the market studied. Moreover, rising demand for fireproof cabins in ships used in naval and commercial applications, increasing investments in the marine industry in North America, and the European region are other factors that stimulate the market demand. High prices and quality control issues are expected to hinder the growth of the market studied.
- Ceramic glass is expected to grow at a significant rate during the forecast period as this type of glass has a fire-resistance from 20 minutes to 3 hours. Superior properties such as sound insulation and the ability to withstand thermal shock are likely to enhance the demand for ceramic-based fire-resistant glass.
- North America dominated the market across the globe with the largest consumption from countries, such as the United States and Canada. Strong regulations pertaining to building safety and fire safety in the region is likely to promulgate the regional market demand.
