The Asia-Pacific fire-resistant glass market is anticipated to exhibit a CAGR of 9.5% during the forecast period. The outlook of the construction industry appears upbeat, consequently increasing the demand for fire-resistant glass. According to a study by the Institution of Civil Engineers (ICE), the global construction industry is expected to reach a value of $8 trillion by 2030, primarily driven by China, India, and the US. China is a highly populated country which increases the challenges of insufficient availability of land and thereby supporting the construction of tallest buildings. The significant rise in the population is expected to make a huge contribution to the demand for infrastructure development.
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The biggest concern for the security of human life and property has been safety measures in high-rise buildings or complexes, and this is where fire-resistant glass is taken into account. Fire Resistance Glass provides a defensive shield that prevents fire, smoke, and gas from spreading to adjacent areas that are not on fire. Integrity, radiation protection, and insulation are the key properties of fire-resistant glasses. The growing adoption of fire resistance glasses in high rise building to improve aesthetic appearance and as fire preventive measure is anticipated to drive the regional growth of the market.
Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2019-2026
- Segment Covered- By Product Type, Application
- Regions Covered- Asia-Pacific
- Competitive Landscape- Schott AG, Nippon Sheet Glass Co., Ltd., AGC Inc., Saint Gobbain
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Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Asia-Pacific Fire-Resistant Glass Market Report Segment
By Product
- Wired
- Ceramic
- Tempered
- Laminated
- Others
By Application
- Building & Construction
- Marine
- Others
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
