Product Code: ETC354324 | Publication Date: Aug 2022 | Updated Date: Jan 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The fire resistant glass market in India is expected to grow at a compounded annual growth rate of 8.4 percent, reaching a value of USD 1.22 billion. The demand for fire-resistant glass is driven by the increasing awareness about safety standards, coupled with the importance attached to building construction activities in various industrial sectors such as offices, hospitals, hotels, educational institutions and residences.
The India Fire Resistant Glass Market is driven by several factors contributing to the demand for fire-resistant glass in various applications. With an increasing focus on building safety and compliance with fire safety regulations, the construction industry is a major driver for fire-resistant glass. Builders and architects are incorporating fire-resistant glass in commercial and residential buildings to enhance fire protection and ensure occupant safety. The growing awareness about fire safety measures and the need for fire-resistant materials in critical infrastructure projects, such as hospitals, schools, and public buildings, further boosts the demand for fire-resistant glass. Additionally, the rise in industrialization and infrastructural development in India fuels the demand for fire-resistant glass in factories and manufacturing units. The growing hospitality sector, including hotels and restaurants, also contributes to the market as fire-resistant glass finds application in interior d?cor and fire-rated partitions, adding both safety and aesthetics to the spaces.
The India Fire Resistant Glass Market faces several challenges that impact its growth and adoption in various sectors. One of the key challenges is the higher cost of fire-resistant glass compared to conventional glass. The manufacturing process and specialized properties of fire-resistant glass contribute to its higher price, which can deter cost-conscious buyers from choosing these products. Moreover, the lack of awareness and knowledge about fire-resistant glass among end-users and stakeholders in the construction industry poses a challenge. Builders and architects may not be fully aware of the benefits and applications of fire-resistant glass, leading to limited adoption in building projects. Additionally, stringent testing and certification requirements for fire-resistant glass products can cause delays in obtaining approvals and add to the overall project timeline, further impacting market growth. Addressing these challenges requires educational initiatives, cost optimization strategies, and streamlined approval processes to promote the use of fire-resistant glass for enhanced building safety.
The India Fire Resistant Glass Market experienced mixed impacts during the COVID-19 pandemic. The disruptions in industrial activities and supply chains had adverse effects on the market. Many manufacturing sectors, including construction, faced temporary slowdowns or shutdowns during lockdowns and restrictions. This led to reduced demand for fire-resistant glass as construction projects were put on hold or delayed. Additionally, the economic uncertainties and financial constraints affected investments in new building projects, impacting the demand for fire-resistant glass in the construction sector. However, the increased awareness of safety and hygiene during the pandemic highlighted the importance of fire safety measures in buildings. This awareness, coupled with the gradual reopening of the economy and the resumption of construction activities, contributed to the market`s recovery. The focus on building safety and compliance with fire safety regulations is expected to drive the demand for fire-resistant glass in the post-pandemic period.
Some key players in the India Fire Resistant Glass Market include Saint-Gobain India Pvt. Ltd., Asahi India Glass Ltd., Borosil Renewables Limited, Promat India Pvt. Ltd., and Gujarat Guardian Limited. These companies are major players in the fire-resistant glass industry and offer a wide range of products suitable for various applications. They focus on continuous research and development to innovate and improve fire-resistant glass solutions to meet the evolving safety standards and regulatory requirements in the India market. Moreover, they collaborate with architects, builders, and project developers to promote the adoption of fire-resistant glass in commercial, residential, and industrial buildings.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Fire Resistant Glass Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Fire Resistant Glass Market Revenues & Volume, 2020 & 2030F |
3.3 India Fire Resistant Glass Market - Industry Life Cycle |
3.4 India Fire Resistant Glass Market - Porter's Five Forces |
3.5 India Fire Resistant Glass Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 India Fire Resistant Glass Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 India Fire Resistant Glass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Fire Resistant Glass Market Trends |
6 India Fire Resistant Glass Market, By Types |
6.1 India Fire Resistant Glass Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Fire Resistant Glass Market Revenues & Volume, By Type, 2020-2030F |
6.1.3 India Fire Resistant Glass Market Revenues & Volume, By Integrity (E), 2020-2030F |
6.1.4 India Fire Resistant Glass Market Revenues & Volume, By Integrity & Radiation Limitation (EW), 2020-2030F |
6.1.5 India Fire Resistant Glass Market Revenues & Volume, By Integrity & Insulation (EI), 2020-2030F |
6.2 India Fire Resistant Glass Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Fire Resistant Glass Market Revenues & Volume, By Building and Construction, 2020-2030F |
6.2.3 India Fire Resistant Glass Market Revenues & Volume, By Other Applications, 2020-2030F |
7 India Fire Resistant Glass Market Import-Export Trade Statistics |
7.1 India Fire Resistant Glass Market Export to Major Countries |
7.2 India Fire Resistant Glass Market Imports from Major Countries |
8 India Fire Resistant Glass Market Key Performance Indicators |
9 India Fire Resistant Glass Market - Opportunity Assessment |
9.1 India Fire Resistant Glass Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 India Fire Resistant Glass Market Opportunity Assessment, By Application, 2020 & 2030F |
10 India Fire Resistant Glass Market - Competitive Landscape |
10.1 India Fire Resistant Glass Market Revenue Share, By Companies, 2023 |
10.2 India Fire Resistant Glass Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |