Fire rated glass also known as fire resistance glass is special materials which possess strong resistivity against fire, hence providing protection and ensuring safety. Some type of glass also provides protection against the heating effect of fire; hence this component proves to be an important component in building safety and regulations. Fire rated glass comes in different forms and provides higher flexibility. The major types includes: polished glass, wired or laminated and single glazed or as a part of insulated glass unit.
Increase in the fire related accidents has significantly propelled the demand for fire rated glass. Strict rules and regulation regarding the fire safety in various application industries also contributes to the increased demand for fire rated glass. However the higher initial cost required for production of fire rated glasses may result in hampering the market growth. Growth in construction and building sectors has resulted in generating more opportunities in the market.
The fire rated glass is majorly segmented on the basis of types and applications. Based on the type, fire rated glass market is bifurcated into: wired, ceramic, laminated and tempered glass, While depending upon the applications market is segmented into: building and constructions, marine and others.
The global fire rated glass market is analysed across the regions such as: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Among the regions spanned, Europe is expected to achieve highest market share owing to the strict fire safety rules and regulations. Presence of prominent players such as Compagnie De Saint-Gobain, Schott AG and others is also facilitating the growth. Asia Pacific is anticipated to achieve a fastest growth owing to the expansion in the construction sector in the countries such as India, China, South Korea and others.
The major key vendors operating in the market are : Compagnie De Saint-Gobain , Schott AG , Asahi Glass Co. Ltd. , NSG Pilkington , Pyroguard , Anemostat , Fuso Glass India Pvt. Ltd. , Promat International Nv , Ravensby Glass Co. Ltd. , Safti First Fire Rated Glazing Solutions. The major companies are focusing on the key strategies such as: investment, mergers and acquisitions to expand the market share.
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