Lucintel anticipates that Asia Pacific will be the fastest growing region for the global fire rated glass market
According to a new market report published by Lucintel, the future of the fire rated glass market looks promising with opportunities in the building & construction, military & defense, oil & gas, railways and marine industries. The global fire rated glass market is expected to reach an estimated $1.8 billion by 2022 and is forecast to grow at a CAGR of 8.7% from 2017 to 2022.
The major growth drivers for this market are rapidly increasing construction activities in emerging countries growing demand for passive fire protection systems, and stringent building safety regulations.
In this market, laminated, ceramic, tempered, and wired glass are used for fire safety.
Within the fire rated glass market, building & construction is expected to remain the largest end use industry segment by value and volume; it is also expected to witness the fastest growth due to the stringency in national building codes for various countries.
Europe is expected to remain the largest market by value and volume driven by strict governmental regulations for building safety. Asia Pacific is expected to witness the highest growth over the forecast period because of growth in construction of skyscrapers, retail architecture, commercial complexes, and airports due to economic expansion in India and China.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing trend towards fire rated glass providing multiple benefits and continuous improvement for long-term sustainability. Asahi Glass Co. Ltd., Nippon Sheet Glass Co.
Ltd., Saint-Gobain S.A., and Schott AG are among the major suppliers of fire rated glass.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global fire rated glass market by product, end use industry, rating, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Fire Rated Glass Market 2017-2022: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a springboard for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.
The study includes a forecast for the global fire rated glass market by product, rating, end use industry, and region as follows:
By product [Volume (Kilotons) and $M shipment analysis for 2011 – 2022]:
By end use industry [Volume (Kilotons) and $M shipment analysis for 2011 – 2022]:
- Building & Construction
By rating [Volume (Kilotons) and $M shipment analysis for 2011 – 2022]:
- Up to 45 Minutes
- 60-180 Minutes
By region [Volume (Kilotons) and $M shipment analysis for 2011 – 2022]:
- North America
- United States
- United Kingdom
- Asia Pacific
- The Rest of the World
This 209-page research report will enable you to make confident business decisions in this globally competitive marketplace.
For more information:Make an Inquiry about this report HERE!