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.....Read more
http://www.lucintel.com/fire-rated-glass-market-2017.aspx