The global fire-resistant glass market size was valued at USD 4,351 million in 2021. It is expected to grow at a CAGR of 5% by 2030, accounting for USD 6,570 million during the forecast period (2022–2030). Fire-resistant glass is made to withstand high temperatures of up to 1,500 ℉. As a result, they help prevent smoke, fire, and extreme heat. Building and construction, marine, automotive, aerospace, and other end-use industries use the glass in doors, windows, partition walls, and stairways, among other applications. The market for fire-resistant glasses is expanding due to increased fire incidents in the building and construction industries. Cooking appliance failure and smoking are common causes of fires in residential and commercial structures.
As a result, strict guidelines have been established for using fire-resistant materials in construction projects. Raw material and equipment suppliers, manufacturers, distributors/installers, and end-users make up the global fire-resistant glass market value chain. Sand, soda ash, and lime are the primary raw materials used to make glass. They make up a significant portion of the total cost of the glass manufacturing process.
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Governments worldwide have increased spending to improve the fire safety of buildings, including residential and commercial structures, in response to the increase in fire incidents over the past decade. This, in turn, has led to increased government spending in various regions for infrastructure improvement, which is expected to boost the market of fire-resistant glass in infrastructure development projects over the forecast period. Increasing demand for urban housing projects, high-rise buildings, and apartments due to the population shift toward urban economic centers has resulted in the development of residential projects with inadequate fire safety standards.
Multiple fire spread channels, such as stairwells, elevator shafts, pipe shafts, air passages, cable shafts, and many other vertical shafts, contribute to the rapid spread of fire out of control. In addition, the absence of well-planned building compartmentalization, particularly in hotels, comprehensive buildings, libraries, office buildings, and other high-rise buildings, leads to fires that are difficult to control, resulting in more excellent property and asset loss.
Fire-related dangers in these buildings are exacerbated by the longer evacuation times necessitated, the more excellent vertical dimensions of these structures, and the inaccessibility of fire-suppression areas. These factors have prompted governments to ensure that building contractors comply with fire safety regulations and uphold building codes. This is anticipated to increase demand for fire-resistant glass in the coming years.
The demand for fire-resistant glass in premium or luxury construction in developing economies has increased due to rising disposable incomes, a growing preference for interior aesthetics, and increased awareness of fire safety. The expansion of the construction industry is a significant factor in the explosive growth of the market for fire-resistant glass. Various regions of the world are witnessing substantial investments in luxury construction.
For example, in June 2020, JLL Capital Markets approved a plan to arrange construction financing for a 25,000-square-foot building in New Jersey, United States, containing 11 luxury apartments. In September 2020, Hines and Humphreys Capital announced plans to construct a five-story midrise with 326 rental units.
Due to a growing population, rapid urbanization, favorable climatic conditions, and economic expansion, Southeast Asian and Middle Eastern countries are becoming increasingly attractive markets. As a result of its ability to prevent the spread of fire and smoke and reduce the energy consumption of buildings, fire-resistant glass is widely utilized in the construction industry. Increasing government funding for large-scale infrastructure and residential construction in emerging markets is anticipated to significantly increase the demand for fire-resistant glass.
The growing competition among manufacturers for product improvement and innovation has led to the development of various products that can be purchased at different price points based on the specifications of the end-use industries. Essential test criteria must be passed for a glass to be considered fire-resistant. Fire-Resistant Rating refers to the grading period in minutes of fire windows, and it is based on structural adequacy, integrity, and insulation criteria. It is anticipated that the restrictive provision to meet the essential fire rating criteria based on the end-use industries will act as a barrier to market expansion over the upcoming years.
Additionally, consumer awareness regarding installing safety products in homes has increased. Such factors, combined with government initiatives to improve construction safety standards, are anticipated to boost the requirement for fire-resistant glass in developing markets. Natural disasters such as tsunamis, floods, and wildfires cause widespread destruction of infrastructure and human life. As a result, nations such as Japan must invest enormous sums in redevelopment. These disasters encourage the use of secure and resilient materials in new construction. This is expected to positively direct the demand for fire-resistant glass over the next few years.
The global fire-resistant glass market witnessed a decline because of the outbreak of COVID-19. As a result of the widespread coronavirus, the GDP of significant economies decreased. To slow the rapid spread of the disease, the government enacted strict lockdowns, including the cessation of production, the closure of all work environments, the restriction of public interactions, and the temporary suspension of global manufacturing and trading activities.
Additionally, the pandemic had a direct effect on industrial business operations. Small-medium and large-scale industries experienced economic turmoil due to the pandemic. The pandemic affected all market participants along the industry's value chain, from raw material suppliers and distributors to manufacturers and end-use industries. The first half of 2020 was highly dreadful, resulting in a global economic and health crisis of catastrophic proportions.
The production of fire-resistant glass was impacted by fluctuating raw material costs, unemployment, minimal output, and transport disruptions. The market began to reclaim during the second half of 2020. Until May-June 2020, all factories, logistics centers, supply chains, and project sites were closed. Post that, businesses began to expand their operations. The companies increased their efforts to recover from their losses in 2020. In addition, they incur additional costs for health and safety in each factory, construction site, and office.
Based on products, the market is categorized into Wired, Ceramic, Gel-filled, Tempered, and Others.
The revenue share of ceramics is expected to be around USD 2,755 million at a CAGR of 4% during the forecast period. Ceramic fire-resistant glass is similar to regular glass, allowing greater design versatility. This type is predominantly used as insulated glass units, with fire ratings ranging from 20 minutes to 3 hours. Moreover, since the product is crafted with clear ceramic fire-resistant glazing, it provides a clear line of sight and is more aesthetically pleasing. Ceramic glass has a lower resistance to heat than tempered glass, allowing a tremendous amount of heat to pass through it. Consequently, it is favored in situations of extreme heat. Additionally, ceramic glass is less prone to expansion and contraction than tempered glass.
Tempered fire-resistant glass is expected to generate USD 1,920 million with a CAGR of 4% during 2030. Products made from fire-resistant tempered glass cannot endure thermal shock and therefore fail the 'hose stream test' required for ratings exceeding 20 minutes. Glass is widely used in fire doors worldwide. Increasing awareness of passive fire products is anticipated to drive demand for fire-resistant tempered glass products over the forecast period.
In recent years, governments of developing economies have made substantial investments in developing and enhancing public infrastructure. In addition, rising investments in the construction of high-end residential and commercial properties are likely to increase the demand for fire-resistant glass.
The market is segmented as Building and Construction, Marine, and others based on end-use industries.
Building and construction segment is expected to have a market value of USD 3,832 million at a CAGR of 4% during the forecast period. The building and construction industry uses architectural glass extensively due to its high strength and toughness. Combining fire-resistant glass with various passive fire protection products can enhance the fire safety of buildings and reduce the loss of assets. Widespread use of fire-resistant glass in residential and commercial infrastructure construction. In 2020, the global construction industry's demand for fire-resistant glass was impacted by the outbreak of the COVID-19 pandemic, as operations were halted due to lockdowns imposed by governments in response to rising COVID-19 cases. The segment's growth was hindered by a decline in non-residential construction activity.
The increasing use of larger glazed screens and doors by architects and designers to provide buildings with new aesthetic designs and more comfort and safety for their occupants is anticipated to drive demand for fire-resistant glass over the forecast period. Regulatory bodies' emphasis on improving building fire safety standards and adherence to building codes are additional market drivers. The law mandates that buildings be divided into what are known as "fire compartments." This compartmentalization aims to restrict the maximum fire size by establishing vertical and horizontal boundaries.
The market for fire-resistant glass is segmented as North America, Central and South America, Europe, Asia-Pacific, and the Middle East and Africa based on geography.
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North America is the largest region in this market and is expected to reach a market value of USD 2,031 million at a CAGR of 4% by 2030. During the forecast period, the demand for passive fire protection is anticipated to be driven by the incrementing purchasing power of consumers and the emphasis of government and regulatory agencies on enhancing the overall fire safety standard of buildings. The installation of monolithic wired glass has been prohibited in all hazardous locations in Canada and the United States. However, it is still permitted in all non-hazardous areas, such as overhead doors in transform sites.
In addition, rising demand for multifamily housing projects and increasing consumer awareness of fire safety are driving market expansion in the region. In the coming years, the region's demand for fire-resistant glass is expected to increase due to a rise in orders from the automotive aftermarket, increased military spending, and a greater awareness of the need to install fire safety products in buildings.
Asia-Pacific is also expected to witness significant growth at a CAGR of 5%. The expected revenue generation of the region would be USD 1,525 million by 2030. The demand for fire-resistant glass is likely to increase, particularly in the region's emerging economies, due to the region's increasing construction activities and fire-related incidents. Following the COVID-19 pandemic, infrastructure spending has increased, which is anticipated to increase the demand for fire-resistant glass in the construction industry.
In May of 2020, for example, the Chinese government issued bonds worth USD 150 billion, surpassing its previous investment of USD 101 billion in January for infrastructure development. According to the International Trade Administration, China also launched a "New Infrastructure" campaign. It primarily focuses on constructing seven areas, including 5G networks, inter-city transportation, inner-city rail systems, industrial internet, artificial intelligence, data centers, ultra-high voltage, and new energy vehicle charging stations, which drive the demand for robust infrastructure, in turn, driving the fire-resistant glass market.