Fire Rated Duct Market: Growth, Trends by 2024

The global fire rated duct market size was USD 2,212.1 million in 2020. The market is projected to grow from USD 2,280.3 million in 2021 to USD 3,165.3 million in 2028 at a CAGR of 4.8% during the 2021-2028 period. The global impact of COVID-19 has been unprecedented and staggering, with fire rated ducts witnessing a negative demand shock across all regions amid the pandemic. Based on our analysis, the global market exhibited a decline of -1.4% in 2020. The sudden rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.

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Fire Rated Duct Market Share, Size & Industry Analysis, By Type (Galvanized Steel Duct, Aluminum (Al) Duct, Flexible Duct, Fabric Duct & Others), By Shape (Round, Half Round, Square/Rectangular, Triangular & Others), By Penetration (Walls, Floor, Decks & Others), By Application (Public Facilities, Commercial Facilities, Industrial Facilities, & Others), and Regional Forecast Between, 2021-2028

Top Companies of fire rated duct market:

• Unifrax (U.S.)
• Lindab (Sweden)
• DuraSystems (U.S.)
• THERMAFLEX (U.S.)
• SAUDI AKHWAN DUCTING FACTORY CO LTD (Saudi Arabia)
• KAD AIR CONDITIONING (BIN DASMAL GROUP) (UAE)
• FabricAir (Denmark)
• CMS Group of Companies (UAE)
• France Air (France)
• Aldes Group (France)

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Fire Rated Duct Market Drivers and restrains:

• Drivers:
  • Stringent Building Codes and Regulations: Increasingly strict fire safety regulations and building codes drive the demand for fire-rated ducts to ensure compliance and enhance building safety.
  • Growing Construction Industry: The expansion of the construction industry, including residential, commercial, and high-rise buildings, increases the need for fire-rated ducts to meet safety standards.
  • Focus on Safety and Risk Management: Enhanced awareness of fire safety and risk management in buildings promotes the use of fire-rated ducts to protect occupants and property during a fire.
  • Technological Advancements: Innovations in fire-rated duct materials and designs improve performance, durability, and ease of installation, boosting market growth.
  • Renovation and Retrofitting Projects: The renovation and retrofitting of older buildings to meet updated fire safety standards increase demand for fire-rated ducts as part of upgrading building systems.
• Restraints:
  • High Initial Costs: The higher cost of fire-rated ducts compared to standard ducts can be a barrier, especially for projects with tight budgets or cost constraints.
  • Complex Installation Requirements: Fire-rated ducts may require specialized installation techniques and adherence to strict guidelines, which can increase installation time and complexity.
  • Maintenance Challenges: Maintaining fire-rated ducts requires regular inspections and upkeep to ensure ongoing compliance and performance, potentially adding to long-term costs.
  • Market Fragmentation: The fire-rated duct market can be fragmented with varying standards and regulations across regions, complicating market access and standardization efforts.
  • Technological Obsolescence: Rapid advancements in building materials and fire safety technologies may lead to the obsolescence of existing fire-rated duct systems, necessitating frequent updates or replacements.

Reasons to buy this report:

This report provides a detailed analysis of the current market status, trends, growth segments, and competitive dynamics in the fire rated duct market. It enables businesses to identify opportunities for growth and development while also highlighting potential challenges and risks. By evaluating business segments and product portfolios, the report enables stakeholders to make more informed market strategies and investments.

A thorough understanding of the industry dynamics outlined in the report can significantly improve decision-making and facilitate the development of effective success strategies in the fire rated duct market. Overall, this report is an excellent resource for those seeking in-depth information about this rapidly changing industry.

Regional Atributes:

• North America (By Type, Shape, Penetration, Application and Country)
  • U.S.
  • Canada
  • Mexico
• Europe (By Type, Shape, Penetration, Application and Country)
  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Benelux
  • Nordics
  • Rest of Europe
• Asia Pacific (By Type, Shape, Penetration, Application and Country)
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Oceanic
  • Rest of Asia Pacific
• Middle East & Africa (By Type, Shape, Penetration, Application and Country)
  • Turkey
  • Israel
  • GCC
  • South Africa
  • North Africa
  • Rest of Middle East and Africa
• South America (By Type, Shape, Penetration, Application and Country)
  • Brazil
  • Argentina
  • Rest of South America

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Industry developments of fire rated duct market:

• ROCKWOOL, the company is building a new manufacturing facility in France. This strategic investment is focused for extended capacity to meet the rising demand of insulation products.
• FRD manufactured and installed by Firesafe Fire Rated Ductwork Ltd, at a Nando’s Restaurant by the firm’s strategic partner, Caswell Engineering / Caswell FRD. The product features properly sized and spaced access doors.

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Fortune Business Insights is dedicated to providing clients worldwide with a unique combination of qualitative and quantitative market research reports. We assist both international and domestic businesses in optimizing their operations by providing comprehensive market insights and accurate forecasts. Our reports cover all critical aspects of the market, providing valuable insights and projections to clients around the world.

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