Fire Rated Duct Market: Growth Drivers, Market Size, and Key Players by 2024

The Fire Rated Duct Market sector is undergoing significant transformation, with substantial growth and technological advancements expected by 2032. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as market size, share, and emerging trends.

This comprehensive report provides key insights into the Fire Rated Duct Market, exploring critical market segmentation and definitions. It highlights the essential components driving growth, offering a clear picture of the industry’s trajectory. Utilizing SWOT and PESTEL analyses, the report evaluates the market’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors that impact the market landscape.

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Market Summary:

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.

Recent industry developments are;

• 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.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 100+ Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

Major Players:

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 Segmentation:

By Type

• Galvanized Steel Duct
• Aluminum (Al) Duct
• Flexible Duct
• Fabric Duct
• Others (PVC Duct, etc.)

By Shape

• Round
• Half Round
• Square/Rectangular
• Triangular
• Others (Customized, etc.)

By Penetration

• Walls
• Floor
• Decks
• Others

By Application

• Public Facilities
• Commercial Facilities
• Industrial Facilities
• Others (Government Buildings etc.)

Reasons to purchase this report:

This report offers a detailed analysis of the competitive landscape, emerging growth areas, market conditions, and key trends within the Fire Rated Duct Market. It helps businesses identify expansion opportunities while addressing potential risks and challenges. By assessing product portfolios and business segments, the report provides valuable insights that guide stakeholders in formulating informed investment and market strategies.

The in-depth understanding of industry dynamics presented in the report supports the creation of effective strategies for success in the Fire Rated Duct Market, greatly enhancing decision-making. Overall, this report is an essential resource for those looking to stay updated in this rapidly evolving industry.

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Drivers & Restraints:

• Drivers:
  • Increasing regulatory mandates and building codes requiring fire safety measures in commercial and residential constructions, boosting the demand for fire-rated ducts.
  • Rising awareness of fire hazards and the need for effective smoke and fire containment solutions in HVAC systems, enhancing market growth.
• Restraints:
  • High costs associated with the materials and installation of fire-rated ducts may deter some builders and developers from opting for these systems.
  • Limited awareness and understanding of fire-rated duct systems among smaller contractors and builders could hinder market adoption.

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…!

Fire Rated Duct Market Regional Segmentation:

• 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

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