Home > News > Industry News > Global Industry Analysts Predicts the World Fire Resistant Glass Market to Reach $11 Billion by 2026

Global Industry Analysts Predicts the World Fire Resistant Glass Market to Reach $11 Billion by 2026

Post Time:Jul 01,2022Classify:Industry NewsView:945

SAN FRANCISCO , June 27, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Fire Resistant Glass - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.FACTS AT A GLANCE What's New for 2022?

Global Fire Resistant Glass Market to Reach $11 Billion by 2026 Amid the COVID-19 crisis, the global market for Fire Resistant Glass estimated at US$5.6 Billion, is projected to reach a revised size of US$11 Billion by 2026, growing at a CAGR of 11.6% over the analysis period. Laminated, one of the segments analyzed in the report, is projected to record a 11.9% CAGR and reach US$4.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ceramic segment is readjusted to a revised 12.1% CAGR for the next 7-year period. 

The U.S. Market is Estimated at $1.7 Billion in 2021, While China is Forecast to Reach $2.3 Billion by 2026 The Fire Resistant Glass market in the U.S. is estimated at US$1.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2026 trailing a CAGR of 15.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8% and 10.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.1% CAGR. 

Tempered Segment to Reach US$2.4 Billion by the year 2026 In the global Tempered segment, USA, Canada, Japan, China and Europe will drive the 10.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$926.2 Million will reach a projected size of US$1.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Players covered include Anemostat Door Products; Asahi Glass Co., Ltd.; Compagnie de Saint-Gobain; Fuso Glass India Pvt. Ltd; Nsg Pilkington; Pyroguard UK Limited; Ravensby Glass Co. Ltd.; Safti First Fire Rated Glazing Solutions; SCHOTT AG and Others.

Source: https://www.lelezard.com/Author: shangyi

Hot News