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.
Lucintel forecasts that laminated fire rated glass is expected to remain the
largest segment by value and second-largest segment by volume; it is also
expected to witness the highest growth in the forecast period supported by its excellent
fire rated properties, insulation property, durability, high strength, and aesthetic
appearance.
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]:
- Laminated
- Ceramic
- Tempered
- Wired
By end use industry [Volume (Kilotons) and $M
shipment analysis for 2011 – 2022]:
- Building & Construction
- Marine
- Others
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
– Canada
– Mexico
- Europe
– Germany
– France
– United
Kingdom
– Italy
- Asia Pacific
– China
– Japan
– India
- The Rest of the World
This
209-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Construction Market Report, Construction Reports, Market Research Report, Capital Investment Feasibility and SWOT
Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising
potential, high-growth opportunities for the global fire rated glass market by product
type (laminated, ceramic, tempered, and wired), end use industry (building and
construction, marine, and others), rating (up to 45 minutes and 60-180 minutes),
and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace
and why?
Q.3 Which regions will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to
the market?
Q.6 What are emerging trends in this market
and the reasons behind them?
Q.7 What are some changing demands of
customers in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10 What are some of the competitive products
and processes in this area and how big of a threat do they pose for loss of
market share via material or product substitution?
Q.11 What M & A activities have taken
place in the last 5 years in this market?
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