Fireproof glass market size will reach $9.75 billion by 2030
Thousands of fire accidents occur every year, killing hundreds of people. Structural house fires are one of the common fire events that occur every day around the world, most of these fires are caused by neglect or poor maintenance of houses. Against the backdrop of rising house fires, demand for urban housing with the highest fire safety standards such as fire-rated glass, smoke alarms and other safety equipment is increasing. Consumers are willing to pay more for a safer home, which will benefit the market. Improving government guidelines to enhance fire safety to prevent or at least reduce damage from accidental fires will also aid in market growth.
According to a report by BrainyInsights, the fireproof glass market will be US$5.97 billion in 2022 and will reach US$9.75 billion by 2030.
The market in Asia Pacific is expected to witness the fastest growth during the forecast period. The increasing incidence of accidental fires in hospitals, factories and homes has prompted governments to review fire safety protocols, concluding that the state of the region's fire safety infrastructure needs to be improved. As a result, governments have improved their rules, regulations, guidelines and funding to implement global fire safety protocols, which will improve fire safety infrastructure and prevent any avoidable fire incidents in the future. Rising incidence of daily fires is also driving individual households to improve their fire safety infrastructure, aiding market growth.
Climate change has led to more frequent extreme weather events, with average daily temperatures exceeding record highs or lows. The rapid rise in temperature is worrisome because it provides hot and dry conditions for sparks. Additionally, loss of life and property can result from a lack of understanding of how to prevent fires, control their spread, or take effective measures when they break out. An increase in house fires due to neglect, poor electrical maintenance and a lack of fire safety infrastructure is a cause for concern for authorities. Due to insufficient accountability measures and lax application of fire safety regulations, fire accidents have increased. Rise in fire incidents will drive the market.
The lockdown brought on by the epidemic, the cessation of business activities and the movement of people and products have caused the economic slowdown. Supply-side constraints, weak market demand, and high production material costs will affect the market development.
P.S. The article comes from China Glass Network(www.glass.com.cn)
According to a report by BrainyInsights, the fireproof glass market will be US$5.97 billion in 2022 and will reach US$9.75 billion by 2030.
The market in Asia Pacific is expected to witness the fastest growth during the forecast period. The increasing incidence of accidental fires in hospitals, factories and homes has prompted governments to review fire safety protocols, concluding that the state of the region's fire safety infrastructure needs to be improved. As a result, governments have improved their rules, regulations, guidelines and funding to implement global fire safety protocols, which will improve fire safety infrastructure and prevent any avoidable fire incidents in the future. Rising incidence of daily fires is also driving individual households to improve their fire safety infrastructure, aiding market growth.
Climate change has led to more frequent extreme weather events, with average daily temperatures exceeding record highs or lows. The rapid rise in temperature is worrisome because it provides hot and dry conditions for sparks. Additionally, loss of life and property can result from a lack of understanding of how to prevent fires, control their spread, or take effective measures when they break out. An increase in house fires due to neglect, poor electrical maintenance and a lack of fire safety infrastructure is a cause for concern for authorities. Due to insufficient accountability measures and lax application of fire safety regulations, fire accidents have increased. Rise in fire incidents will drive the market.
The lockdown brought on by the epidemic, the cessation of business activities and the movement of people and products have caused the economic slowdown. Supply-side constraints, weak market demand, and high production material costs will affect the market development.
P.S. The article comes from China Glass Network(www.glass.com.cn)