The recent market intelligence report, published by Data Insights Partner on the fire rated glass market makes an offering of in-depth analysis of and sub-segments in both the regional and international market. The research also emphasizes on the impact of drivers, restraints and macro indicators on the regional and global fire rated glass market over the short as well as long period of time. The report also includes the benefits and market opportunities presented in this field. Beside this, a detailed presentation of forecast, trends, and dollar values of the global market is offered too. In accordance with the report, the fire rated glass market is projected to expand at a CAGR of 11.6% over the period of forecast period of 2020-2028.
Market Insights, Drivers, Restraints and Opportunities:
Fire rated glass is a special kind of glass which is used to provide protection against fire break outs. The degree of protection offered by a fire rated glass depends on the type and material of the glass but all fire rated glass provides a certain amount of protection in general. Fire rated glass is usually used as a safety measure in the buildings, constructions and other sectors.
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The expanding construction and building sectors, the increasing world population and the rising need for high-quality residential and commercial infrastructure with growing disposable income are some of the main drivers in the growth of fire rated glass market. Beside this, the significantly high number of fire incidents over the past decade has encouraged the governments to tighten the fire safety standards in both commercial and residential buildings which in return has increased the demand for fire rated glass. The ever-expanding automotive industry is also playing a key role in the growth of the fire rated glass market. Many car and other vehicle manufacturers are installing high-quality fire rated glass in windshields and windows due to the rising focus on improvement of the infrastructure of vehicles as well as passenger safety in modern vehicles which is helping in the expansion of the concerned market.
The fire rated glass market has a huge potential. Though it is expanding very fast day by day, many things are preventing it from using its full potential. Some of these restraints are–
- High prices of the raw materials.
- High transportation and exportation cost.
- High cost of the end product.
- Emission of harmful pollutants during production.
- Unavailability in many regions.
- Lack of awareness about the availability and benefits of the fire rated glass products in the developing countries.
During the forecast period, North America followed by Asia Pacific and Europe are expected to be the fastest-growing fire rated glass market. The demand for fire rated glass in North American region is driven by its ever-growing usage in the industrial, marine and automotive sectors and the increasing foreign investments in the said market. The increase in the application of fire rated glass in buildings, hospitals, offices and schools is projected to fuel the market growth for fire rated glass in the said region in the next few years. The rapid economic growth and increase in demand for better lifestyle in the said region is expected to fuel high demand for these products. It is also believed that on the basis of application, the building and construction segment will have the largest share for the rising concerns over safety in the forecast period. For its superior fire resistance, high thermal shock withstanding and sound insulation properties, low prices and high efficiency, market for ceramic fire rated glass in the form of insulated glass units (IGU) is also expected to rise significantly in the said time.
Segmentation of Fire Rated Glass Market:
This market intelligence report on the fire rated glass market is segmented based on product type, material, application, end usage, distributional channel and the country/regions.
By Product Type, the fire rated glass market is divided into–
By Material, the fire rated glass market is segmented into–
Ø Monolithic Glass
Ø Wired Glass
Ø Float Glass with Interlayer
Ø Coated Safety Glass
Ø Float Glass with Multiple Interlayer
Ø Tempered Glass with Interlayer
- Others (solubility, water binding, and viscosity)
By Application, the fire rated glass market is divided into–
- Building and Constructions
- Polymer Manufacturing
By End Usage, the fire rated glass market is segmented into–
By Distribution Channel, the fire rated glass market is segregated into–
- Hypermarkets and Supermarkets
By Regional Outlook, the fire rated glass market is divided into–
- North America (United States, Canada)
- Latin America (Brazil, Mexico, Argentina and other countries)
- Europe (United Kingdom, France, Germany, Spain, Italy, Russia, Turkey, Netherlands and other countries)
- Asia Pacific (Japan, China, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Australia, New Zealand and other countries)
- Middle East and Africa (GCC, South Africa, Israel, Arabia, Egypt and other countries)
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
- Nippon Sheet Glass Co. Ltd.
- Dynamics Inc.
- Nippon Electric Glass Co. Ltd.
- Promat International N.V.
- Asahi Glass Co. Ltd.
- Schott AG
- Ravensby Glass Co. Ltd.
- Technical Glass Products
- Compagnie De Saint Gobain
- Fuso Glass India Pvt. Ltd.
- SAFTI FIRST Fire Rated Glazing Solutions
- Pyroguard UK Ltd.
- FIRE GLASS UK
- Glas Trösch AG
- Euroglas GmbH
- IQ Glass Solutions Ltd
Other players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as fire rated glass market related investment and spending and developments by major players of the market are tracked in this global report.
Market Competitive Analysis:
Key players are adopting strategies such as investing in R&D, new product launches, expansion in distribution channels to stand out as strong competitors in the market. Fire rated glass market is a competitive market with the presence of various global and regional players in the market. The major players like Nippon Electric Glass Co. Ltd., Glass Dynamics Inc., Nippon Sheet Glass Co. Ltd., Schott AG, Promat International N.V., Asahi Glass Co. Ltd., Technical Glass Products and Fuso Glass India Pvt. Ltd. etc. are trying to gain the market power in their hands by producing the products in low costs and thus charging low prices and using different kind of marketing campaigns.
An in-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as market data analysis, time series and cross section statistical data analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
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Ø This study offers comprehensive yet detailed analysis of fire rated glass market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year.
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market.
Ø This market intelligence report on fire rated glass market also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook.
Ø Profiling of key market players in the market of fire rated glass is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview.
Ø The data of this report would allow management authorities and marketers of fire rated glass companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation.
Ø The research on the world market for fire rated glass market caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for the market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants.
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports.
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation.
Ø Ample number of examples and case studies has been taken into consideration before coming to a conclusion.
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v Identify investors who can invest in your company or identify the companies to invest in by analysing market opportunities, gains and losses.
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v Highlights of the competitive landscape.
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