With public awareness now high around fire safety, the glass component of structures is more important than ever as fire-resistant glass is an important requirement on many projects. Implementation of various fire safety codes and regulations by governments across nations is supporting the growth of the market. Europe, North America, and Asia-Pacific have been at the forefront in implementing fire safety regulations. The International Building Code (IBC), The International Fire Code (IFC), The International Existing Building Code, and The National Fire Protection Association’s Code are the key regulatory bodies deciding the standards and codes for fire resistant products. Fire Resistant Glass Market size is forecast to reach US$10,244.4 million by 2026, after growing at a CAGR of 11.8% during 2021-2026.

Fire resistant glass is widely utilized in the building and construction industry because when compared with other types of glass, during a fire, it acts as a fire barrier and allows for clear visibility under normal conditions. In addition, fire resistant glass partitions have multiple advantages such as it has excellent, impact-resistant, maintaining a comfortable temperature, and acoustic control, because of these advantages its demand is on an upsurge. Furthermore, there is an increasing demand for fire resistant glasses in various construction projects, which is further accelerating the market growth. For instance, in February 2018, Vetrotech Saint-Gobain supplied Contraflame for partition construction for the Carnal Hall project, “Le Rosey” in Rolle, Switzerland. In November 2019, fire resistant glass Superlight II XL-90 by Safti First Fire Rated Glazing Solutions stair enclosure was installed In Chicago's Loop, Starbucks Reserve Roastery. Pyroguard Technical Safety Group supplied fire resistant glass partitions for the construction of the Tours Duo tower, located in Paris, this project is likely to be completed by the end of 2021.

Numerous projects remained unresolved as a consequence of the lack of funding. The construction industry also encountered adversity such as supply chain risks, subcontractor and material shortages, and contract terminations to cut costs, which curbed the fire resistant market growth during the forecast period. Building and construction activities were temporarily halted in a variety of destinations. Construction production in the United Kingdom, for example, fell by a record 35.0 percent in Quarter 2 (April to June) 2020, especially in comparison to Quarter 1 (January to March) 2020. According to the Office for National Statistics, the construction industry was 11.6 percent lower in July 2020 than it was in February 2020. In August 2020, construction production was 10.8 percent lower than it had been in February 2020. In response to the Japanese government's declaration of an expanded state of emergency over the COVID-19 outbreak, major Japanese building contractors such as Kajima Corporation, Obayashi Corporation, and Taisei Corporation halted building projects nationwide until early May 2020. According to the Ministry of Trade & Industry, in Singapore, building development nearly came to a halt, with a quarter-on-quarter decrease of 95.6 percent. With the temporary decrease in residential and commercial construction activities, the demand for fire resistant glass had significantly fallen, which had an immediate major impact on the market in 2020. However, governments are taking steps to rekindle the construction industry's momentum, and the prospects for the fire resistant glass market in 2021-2022 are expected to gradually improve as a direct consequence. For instance, during the coronavirus outbreak, the Australian government initiated the HomeBuilder initiative to keep the housing construction industry afloat. Qualifying owner-occupiers can receive a US$25,000 grant from HomeBuilder to build a modern home or substantially renovate an existing one.

Europe holds a major share of the fire resistant glass market. The current growth of the building and construction industry across European countries is fueling the demand for fire resistant glass market. For instance, according to the Ministry of Housing, Communities & Local Government, in the period October to December 2020, there were 42,110 dwellings where construction work had begun on-site in the UK, according to building control figures. When compared to the previous quarter, this was a 16% gain. According to Statistics Netherlands, Building Permits in the Netherlands increased to 8,270 in March 2021 from 7,275 in Oct 2020. According to Federal State Statistics Service, construction output in Russia increased 5.70% in June of 2021 over the same month in the previous year. According to Statistics Poland, in the period January-November 2020, developers completed 64.8 percent of the total number of dwellings, up 1.6 percentage points from the previous year (2019). In 2019, total residential construction in Denmark increased from 28,393 units 2018 to 33,232 units in 2019, according to official Danish statistics. Thus, with the rising building and construction activities in Europe, the market growth for fire resistant glass is also rising during the forecast period.

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Fire Resistant Glass Market Growth Drivers:

Rising Government Incentive Stimulating the Green Building Projects

The use of fire resistant glass can help buildings to achieve points in a variety of credit categories. Based on the credits in the LEED 2009 for New Construction (LEED-NC) rating system, fire resistant glass can help maximize light penetration, even from artificial lighting. As a consequence, fire resistant glass is becoming more prevalent in daylighting and sustainable building design. Fire resistant glass preserves building components and materials by limiting the spread of fire, smoke, and the effects of radiant heat, resulting in the conservation of environmental resources related to the raw materials and energy required for the reconstruction and renovations required due to fire damage, making it one of the sustainable materials for green buildings. And there is an upsurge in the green building projects investment, owing to which there is an increasing demand for sustainable fire resistant glasses. According to the 2019 report by US Green Building Council, since 2017, the number of LEED-certified homes has increased by 19 percent, with nearly 500,000 single-family, multifamily, and affordable housing LEED-certified units worldwide, including over 400,000 in the United States. The German government's funding scheme to increase building energy quality appears to be a huge success. According to the economy ministry, the range of applicants for different construction efficiency projects roughly doubled last year especially in contrast to 2019, rising from 326,000 to 600,000. From 1.85 billion euros in 2019 to 8.6 billion euros in 2020, the government raised support for energy efficiency renovations. Furthermore, according to the Indian Green Building Council, India will have one lakh green buildings by 2025. And according to the Canada Green Building Council (CaGBC), the green building sector in Canada can contribute US$150 billion to GDP by 2030. Thus, the increasing investment in green building projects will act as a driver for the fire resistant glass market.

 Increasing Retrofitting and Renovation of Buildings

Globally, there is an increase in retrofitting and renovation of buildings for a variety of purposes, the most important of which is to improve the safe environment. Fire-rated glass systems are increasingly being used by designers to transform unusable, out-of-date areas of facilities into attractive, light-filled, and safe environments. There is an increase in retrofitting and renovation of buildings in various regions. For instance, in July 2020, the Chinese State Council signed an order aimed at accelerating work on renovating old urban residential areas as a major project affecting people's lives. According to the U.S. Census Bureau, in Quarter 4 (Oct to Dec) 2019 in Great Britain, Non-housing and public housing repair and maintenance increased by 1.6 percent and 0.9 percent, respectively. Furthermore, in November 2020 the repair and maintenance work increased by 7.4 percent. According to the Leading Indicator of Remodelling Activity (LIRA) published by Harvard University's Joint Center for Housing Studies, annual increases in spending for upgrades and renovations to owner-occupied homes are anticipated to be slightly higher in 2021 than last year. Year-over-year growth of home improvement and repair expenditures is expected to increase from 3.5 percent at the end of 2020 to 3.8 percent by the end of 2021. With the increasing retrofitting and renovation of the buildings, and increasing adoption of fire resistant gasses, it is predicted that there will be an upsurge in the demand for fire resistant glasses, which will eventually drive the market growth in the various region during the forecast period.

The Major Players in this Market Include

The major companies in the fire resistant glass market include AGC Inc., Glass Trosch Holding AG, Central Glass Co. Ltd., Schott AG, Pyroguard Technical Fire Safety Group, Vetrotech Saint-Gobain International AG, Scheuten, Pilkington, Press Glass SA, and SAFTI First Fire Rated Glazing Solutions.

The key focus of the companies has shifted towards expansion. In June 2021, Pyroguard Technical Fire Safety Group has moved one of its UK manufacturing plants to a three-acre new location in Haydock. Owing to this facility expansion the production of fire resistant glass would also increase. In January 2021, Vetrotech Saint-Gobain AG opened its new production site in Wurselen, Germany. It has 25% more production space which will benefit the growth of the fire resistant glass production.

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