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Fire Rated Glass Market Trends

Report ID: GMI3813
Published Date: May 2024
Report Format: PDF

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Fire Rated Glass Market Trends

Fire-resistant glass finds widespread use in the construction industry, particularly in areas such as windows, glazing, and doors. Its capability to mitigate the spread of smoke, heat, and fire is a key factor driving market demand. In 2021, the average monthly investments on new private building in the U.S. were over USD 1.24 trillion. Furthermore, strict government restrictions for the manufacture of fire-resistant glass along with growing material costs are expected to limit market growth. On the other hand, greater government spending on defense is anticipated to open new opportunities for the fire-resistant glass industry.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of fire rated glass was reached USD 6.04 billion in 2023 and is anticipated to register 6.3% CAGR between 2024 and 2032, attributed to the rising number of fire incidents coupled with the growing construction sector worldwide.

The ceramic glass segment in the fire rated glass market was valued at USD 2.4 billion in 2023 and is expected to cross USD 4.6 billion by 2032 owing to the rising popularity of insulated glass units in both commercial and residential construction.

North America fire rated glass market size exceeded USD 2.4 billion in 2023 and is projected to surpass USD 4.3 billion by 2032, attributed to the increasing consumer spending power, as well as infrastructure project funding.

AGC Glass Europe, Asahi India Glass Limited, Avanti Systems USA, FG GLASS INDUSTRIES PVT. LTD., FireLite, Fuso Glass India Pvt. Ltd., Nippon Electric Glass Co., Ltd., Pilkington Group Limited, Promat International, Pyroguard, Safti First, SCHOTT AG, and Technical Glass Products (TGP), among others.