As per Future Market Insights, the fire rated ducts market is anticipated to attain a value pool of US$ 2.5 billion by 2023-end. Global demand for fire rated ducts is expected to rise at a CAGR of 4.8% to US$ 4 billion in 2033.
Data Points
Key Statistics
Expected Market Value of Fire Rated Ducts in 2023
US$ 2.5 billion
Projected Market Value Fire Rated Ducts in 2033
US$ 4 billion
Growth Rate (2023 to 2033)
4.8% CAGR
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Key Drivers
Building Automation: The demand for fire rated ducts from the building automation sector is expected to continue to increase due to the trend towards connected and smart buildings. As buildings become more interconnected, the need for secure infrastructure with fire protection capabilities becomes more prevalent. Fire rated ducts are used to maintain the integrity of the buildings’ systems and protect against fire and smoke damage.
Increasing Awareness: The awareness of the importance of fire rated ducts is increasing due to their life-saving capabilities. Fire rated ducts prevent the spread of fire and smoke, thus preserving property and minimizing the risk of casualties. As more people become aware of the importance of fire rated ducts, their demand is expected to grow further.
Increase in Prices of Raw Materials: The prices of raw materials used for making fire-rated ducts have been increasing in recent years, impacting the overall cost of fire-rated ducts and resulting in increased prices.
Expected Opportunities
Expand Market Reach: The Fire Rated Ducts Market can expand its market share by targeting new customer segments and developing specific products for niche markets. This can be done through developing a comprehensive marketing strategy that incorporates both online and offline methods.
Cost-Effective Solutions: By providing cost-effective solutions, the Fire Rated Ducts Market can increase its profitability and become more competitive in the marketplace. This can be achieved by finding ways to reduce production costs and/or offering customers discounts and promotional incentives.
Innovation: The Fire Rated Ducts Market can stay ahead of its competitors by continuously innovating and improving its products and services. This can be done by introducing new products and features, developing better production processes, and investing in research and development.
Use of Inflammable Materials: Ducts made of combustible materials need protection from heat, smoke, and sparks, making fire rated ducts ideal for such applications
Ducts in Open Spaces: Fire rated ducts can be used in open spaces, such as warehouses and underground tunnels, where traditional ducts are not suitable.
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Prevailing Trends
Advancements in Technology: As technology advances, manufacturers are introducing new fire-rated ducts with improved features such as increased fire resistance, better insulation, and higher efficiency. This is further driving the demand for fire rated ducts.
Growing Construction Industry: The construction industry is experiencing rapid growth across the globe. This is resulting in increased demand for fire-rated ducts, as they are necessary for protecting buildings from fire and smoke in the event of an emergency.
Emergence of New Applications: Fire-rated ducts are also being used in new applications such as power plants and petrochemical plants, thereby further driving the growth of the fire rated ducts market.
Utilize New Technology: Fire rated ducts are often used in combination with other technologies, such as smoke detectors and sprinkler systems. Companies can focus on utilizing the latest technologies to make their fire rated ducts even more reliable and effective.
Providing Maintenance and Repair Services: Providing maintenance and repair services for fire rated ducts is a great way to increase customer loyalty and drive revenue. This could include providing regular inspections, cleaning, and repairs.
Demand for Fire Rated Ducts will witness steady recovery in short-term, with optimistic growth outlook in the long-run. Rise in demand for fire safety in factories, residences and commercial buildings to avoid fires will drive the demand for the market.
What is Driving Demand for Fire Rated Ducts?
Fire safety solutions are important to avoid any hazardous property or life loss. Many commercial and industrial buildings have mandatory fire rated ventilation ducts installed for safety. It is important for architects or engineers to install fire safety solutions in factories or any commercial buildings to avoid any fire- related accidents which is an important factor driving the demand for the market.
Over the forecast period, the market is likely to grow because of implementation of regulations imposed by the government about installation of fire safety ducts in all industrial buildings. Growing demand for heating, ventilation and air conditioning (HVAC) systems in the industrial sector and the rapid growth in construction industry are also the major factors uplifting the fire ducts market.
In addition to industrial applications, fire safety ducts are largely used in residential and public facilities. These ventilation ducts are constructed in effective zones to limit the spread of smoke and fire throughout the building, making them very effective and useful in case of fire.
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Industrial Recovery Likely to Augment Fire Rated Ducts Sales
COVID-19 has had a substantial impact on the global fire rated ducts market in the initial phases of its outbreak. However, with the gradual increase in industrial activities and construction industry, Fire Ducts manufacturers are likely to witness sustained opportunities in the future.
Fire rated ventilation ducts are installed in buildings for fire protection. With growing industrialization, there will be growth in construction activities of new commercial as well industrial centers in many countries in coming years which is a developing factor for the market.
USA and Canada Fire Rated Ducts Market Outlook
The USA market will increase in the coming years because of exponential growth in infrastructure and material innovations by manufacturers. Due to pandemic the demand of fire rated ducts is likely to remain muted for the next couple of years, as construction industry slowly regains mobility in the market.
Demand for Fire Ducts in USA and Canada will be led by growth in industrial sector as well as commercial facilities such as data centers and institutional buildings. Rising investments in construction industry in USA is also accelerating the market growth as it will increase installation of the fire ventilation ducts in buildings.
Many manufacturers are trying to develop energy efficient HVAC ducting for buildings which will increase the production of fire rated ducts in USA.
Europe Demand Outlook for Fire Rated Ducts
The healthcare sector is expected to be major benefactor from the installation fire rated ducts to ensure apex safety standards. European fire standards have made it mandatory for buildings for installations of complete ductwork that offers fire resistance by compartment wall or floor to stop the fire from spreading.
Many countries in Europe have their own fire regulations, but increase in safety standards for buildings has accelerated the demand for fire duct in European market.
For Fire Ducts manufacturers and suppliers, it is essential for them to get a third- party product certificate and independent quality- assurance certificate on their fire ducts as it is important that the ducts are to be of the permitted size and should not leak.
Who are the Key Manufacturers and Suppliers of Fire Rated Ducts?
Some of the leading manufacturers and suppliers of Fire Rated Ducts include
Lindab AB
Unifrax LLC
Durasystems
Leminar Air Conditioning Industries LLC
Firetrace Ductwork Ltd.
Firth Sheet Metal
CMS Group of Companies
Many leading manufacturers provide ducts for ventilation and smoke extraction that come in different sizes, operating pressures and configurations. Steel and Aluminum materials are widely used by manufacturers for making fire ducts.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
