Fire Resistant Glass Market - Trends & Forecasts to 2019 - New Study Released

From: Fast Market Research, Inc.
Published: Wed Feb 18 2015

Fire Resistant Glass Market by Type (Wired, Ceramic, Tempered, and Laminated), by Application (Building & Construction, Marine, and Others), & by Region - Trends & Forecasts to 2019

The report on fire resistant glass captures its global market size by volume and value. This market is growing at a rapid pace in Asia-Pacific and RoW. The demand for fire resistant glass is driven by the following factors:

* An increase in fire related accidents and the loss of assets caused due to fire are the major factors driving the market for fire resistant glass. The global market for fire resistant glass is witnessing a high growth since the last decade. The market players have developed various fire resistant glasses to prevent fire in buildings, ships, and refineries. In order to reduce the loss of property and life various codes and regulations have been implemented throughout the world. The safety codes and regulations are highest in the European market followed by North America. National Fire Protection Association (NFPA) and International Building Code (IBC) are the major regulatory body deciding the codes and standards for fire resistant products in various markets. Other than NFPA and IBC, some countries are using their own norms and regulations for building safety & fire protection, such as UL 10B and UL 10C. The stringent regulations and norms are driving the market for fire resistant glasses as the new building needs to satisfy the required impact safety and fire resistance standards. The market players have been emphasizing on developing new and innovative products to meet these norms and regulations.
* The market for passive fire protection has grown at a high rate in the past and its demand in the coming years is projected to grow at a brisk pace. The maintenance cost for passive fire protection systems is comparatively lower than active fire protection systems. However, the cost of passive fire protection systems is higher than active fire protection systems, but the reliability and performance of the passive fire protection systems is better. The active fire protection systems such as sprinklers keeps the temperature at a tenable level in case of fire, but unsafe smoke conditions are often reached before the sprinklers gets activated. The automatic detection devices alerts occupants about a fire outbreak before untenable smoke and fire conditions are reached, but they do not provide enough time to ensure building occupants could safely exit the premise. The passive fire protection systems such as fire resistant glass provide a safe passage for the occupants to exit the premise, and also contain the smoke and fire for a longer time thus preventing the fire from breaching out and spreading to other areas.

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