fire window market REPORT OVERVIEW
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The global fire window market size is predicted to value at USD 1.0455 billion in 2022 and market is projected to touch USD 1.3001 billion by 2028, exhibiting with a growing compound annual growth rate (CAGR) of 3.7% from 2022 to 2028.
A fire window, also known as fire rated windows are constructed in a way to prevent the spread of fire, radiant heat, and smoke. They control fire, smoke, and heat by making a safe passage. It is used for various applications such as partition walls, doors, windows, stairways, and other applications. High preference for highly insulated glass in commercial and residential construction activities is which can withstand thermal shock.
The growing demand for fire window is growing due to the rising number of fire accidents. Rising cases of fire mishaps have propelled the demand for fire resistant windows. Increasing urbanization has led governments to improve fire and safety standards. Growing demand from housing projects and high-end buildings due to increase in population which is expected to drive the demand for the product. The increasing demand owing to various applications in various end-use industries is anticipated to drive the market growth. Demand from automotive and construction industries is expected to fuel market development. High demand for such glass is anticipated to propel market growth owing to various auto manufacturers who have been giving emphasis on passenger safety.
COVID-19 Impact: Halt on Various Industries to Hamper Market Growth
The effects of the COVID-19 pandemic are already being felt on a global level, the global fire window market was significantly influenced. The outbreak of COVID-19 had a negative impact on several markets. Various countries went into lockdown. With sudden pandemic, all kinds of businesses observed disruptions. Various countries went into lockdown. With sudden pandemic, all kinds of businesses observed disruptions. With many restrictions in the pandemic various industries halted their operations. Main demand for the product is derived from various industries such as building and construction, marine, automotive, aerospace, and military & defense. Halt on such industries affected the demand for end-user products. Disruptions in supply chains affected the demand in the market.
LATEST TRENDS
"Various Applications of the Product to Support Market Development"
The global fire window market growth is anticipated to boost owing to its various applications of the product. Various applications such as building and construction, marine, automotive, aerospace, military & defense, and other applications. Various applications are due to emphasis on fire and safety standards by government standards and regulations. Architectural glass is used in the building and construction sector owing to its strength. In the marine sector, vessels face a higher risk of exploding cdue to equipment failures. Such applications in various sectors and industries is expected to pose an opportunity for market growth during the forecast period.
fire window market SEGMENTATION
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- By Type
Based on type; the market is divided into metal windows, wood windows, and plastic windows.
- By Application
Based on application; the market is divided into residential, commercial, and industrial.
DRIVING FACTORS
"Demand from Automotive Industry to Boost Market Development "
The global fire window market growth is estimated to increase with growing demand from the automotive industry. Growing emphasis on incorporation of safety glass in the vehicles is expected to drive the demand for the product and propel market growth. Several auto manufacturers have been installing high-quality fire resistant windows and windshields owing to safety of the passengers. Manufacturers have been keeping in mind the safety and improvement in the passenger safety in modern vehicles. Such application and demand from the automotive industry is expected to drive the market growth.
"Demand from the Construction Industry to Inflate Market Growth"
The global fire window market growth is anticipated to boost owing to its demand from the construction industry. It has a wide range of applications such as doors, glazing, and windows as they have properties such as the ability to resist fire, smoke, and heat. Such abilities are expected to drive the demand in construction industry. Increasing safety rules and regulations for newly constructed buildings is expected to drive the growth of the market. Increasing growth in the construction industry where glass protection against fire hazards and interior surfaces is anticipated to drive the product demand.
fire window market REGIONAL INSIGHTS
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"Europe to Hold Majority Part Owing to Demand from Construction Industry "
Europe holds the largest part of the global fire window market share due to largest the construction industry in the region. Increasing residential construction sector in the region is expected to drive the market growth. Presence of advanced manufacturing facilities of automobiles in the developing and developed countries of the region is anticipated to drive the market share. Increasing urbanization leading to new housing demand is projected to fuel the market growth during the forecast period. Growing deployment of modern fire-rated glaze for exterior and interior aesthetics is expected to expand in the coming years.
North America is expected to experience a considerable growth rate due to growing applications in countries such as Canada, the U.S., and other countries of the region. Increasing government rules and regulations regarding safety from fire is anticipated to fuel demand for fire resistant glass. Other factors such as increase in investments in infrastructure projects, spending capability of population, and increasing emphasis on overall safety regarding fire standards.
KEY INDUSTRY PLAYERS
"Market Players to Boost Market Growth"
The report delivers information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Assa Abloy (Sweden)
- Vetrotech (India)
- YKK AP (U.S.)
- Rehau Group (Switzerland)
- Sankyo Tateyama (Japan)
- Lixil (Japan)
- Schuco (Germany)
- IMS Group (U.S.)
- Van Dam (Netherlands)
- Optimum Window (U.S.)
- Safti First (U.S.)
- Alufire (Poland)
- Promat (Belgium)
- Hope’s Windows (U.S.)
- Aluflam (Denmark)
- Hendry (U.S.)
- Fyre-Tec (U.S.)
- Golden Glass (U.S.)
- Hefei Yongtai (China)
- Shandong Fire-proof Door (China)
REPORT COVERAGE
This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.
REPORT COVERAGE | DETAILS |
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Market Size Value In | US$ 1.0455 Billion in 2022 |
Market Size Value By | US$ 1.3001 Billion by 2028 |
Growth Rate | CAGR of 3.7% from 2022 to 2028 |
Forecast Period | 2022-2028 |
Base Year | 2021 |
Historical Data Available | Yes |
Segments Covered | Type and Application |
Regional Scope | Global |
Frequently Asked Questions
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What value is the fire window market expected to touch by 2028?
The global fire window market is expected to reach USD 1.3001 billion by 2028.
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What CAGR is the fire window market expected to exhibit by 2028?
The fire window market is expected to exhibit a CAGR of 3.7% by 2028.
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Which are the driving factors of the fire window market?
Drivers of this fire window market are demand from automotive industry and demand from the construction industry.
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Which are the top companies operating in the fire window market?
Assa Abloy, Vetrotech, YKK AP, Rehau Group, Sankyo Tateyama, Lixil, Schuco, IMS Group, Van Dam, Optimum Window, Safti First, Alufire, Promat, Hope’s Windows, Aluflam, Hendry, Fyre-Tec, Golden Glass, Hefei Yongtai, and Shandong Fire-proof Door are key companies operating in the market.