Fire Rated Glass Market Size

Fire Rated Glass Market Size

Fire Rated Glass Market was valued at USD 6.04 billion in 2023 and is anticipated to register a CAGR of 6.3% between 2024 and 2032. The growth can be attributed to the rising number of fire incidents coupled with the growing construction worldwide due to rising urbanization and industrialization. Rising fire incidents have led to increased spending by national governments globally to improve the fire safety of buildings, both residential and commercial.

Additionally, as more people move into urban economic areas, there is a growing demand for high-rise structures and urban housing projects, resulting in the development of a variety of residential projects that meet the necessary fire safety requirements. For example, according to the WHO estimates and projections, the world's urban population is expected to grow by about 1.63% per year from 2020 to 2025 and 1.44% per year from 2025 to 2030.
 

Government ministries and national bodies responsible for overseeing the production of fire-resistant glass follow various norms and regulations to ensure its compliance with safety standards. The aim is to safeguard consumer interests by verifying manufacturer claims about product characteristics and assessing potential adverse effects to determine their level of danger. Such stringent government controls may limit market growth.