Global Fire Rated Ducts Market Insights: Top Companies, Demand, and Forecast to 2030

Market Research Future (MRFR) has published a cooked research report on the “Fire Rated Ducts Market” that contains information from 2023 to 2032. The Fire Rated Ducts Market is estimated to register a CAGR of 4.80 during the forecast period of 2023 to 2032 and projected to grow at USD 3.9 billion by 2030.

MRFR recognizes the following companies as the key players in the Market —  Lindab AB (Sweden), Unifrax LLC (US), Durasystems (Canada), Leminar Air Conditioning Industries LLC (UAE), Arcat, Inc (US), Firetrace Ductwork Ltd (UK), Firth Sheet Metal (UK), CMS Group of Companies (UAE).

Global Fire Rated Ducts Market Overview:

The Global Fire Rated Ducts Market Size is expected to grow at a CAGR of 4.80% and is projected to grow from USD 2.7 Billion in 2023 to USD 3.9 Billion by 2032 during the forecast period.

 The global fire rated ducts market plays a crucial role in ensuring the safety and integrity of buildings by containing and mitigating the spread of fire through ventilation systems. Fire rated ducts are designed to withstand extreme temperatures and prevent the propagation of flames and smoke, making them an essential component in modern fire safety strategies. This overview aims to provide insights into the current state, trends, and factors shaping the global fire rated ducts market.

The fire rated ducts market has witnessed steady growth in recent years, driven by increased awareness of fire safety regulations and the growing emphasis on building codes and standards. As industries and governments prioritize the protection of lives and properties, demand for fire rated ducts has surged across residential, commercial, industrial, and infrastructure projects.

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Market Segmentation

The categorization of materials, shapes, penetration methods, services, and applications plays a crucial role in the comprehensive overview of this industry. In terms of materials, options include steel, aluminum, fiberglass, polymers, and other materials.

The shapes of interest encompass round, half-round, rectangular, triangular, and other variations. Penetration methods involve wall, decks, floors, and other applications. Services offered include core drilling, seals, duct installation, and various other specialized services. Furthermore, applications for these materials and services are widespread, spanning across public facilities, commercial facilities, industrial facilities, and other diverse sectors.

This structured classification system provides a detailed understanding of the varied aspects within this industry, allowing for a comprehensive analysis of the different elements that contribute to its functionality and application in various sectors.

Key Players

Fire Rated Ducts Market Top listed companies in the industry are:

• Lindab AB (Sweden)
• Unifrax LLC (US)
• Durasystems (Canada)
• Leminar Air Conditioning Industries LLC (UAE)
• Arcat, Inc (US)
• Firetrace Ductwork Ltd (UK)
• Firth Sheet Metal (UK)
• CMS Group of Companies (UAE)
• Promat (Belgium)

Fire Rated Ducts Industry Developments

In June 2021:

Firesafe Fire Rated Ductwork Ltd achieved a significant milestone by constructing and installing their Fire Rated Ducts (FRD) at a Nando's Restaurant. This project was accomplished in collaboration with their key partner, Caswell Engineering / Caswell FRD. The FRD product utilized in this installation featured correctly sized and spaced access doors, ensuring effective fire containment and safety.

In September 2021:

Assa Abloy, a global leader in access solutions, made a substantial acquisition by purchasing Spectrum Brands' Hardware and Home Improvement ("HHI") segment for $4.3 billion. The HHI segment, known for its diverse product portfolio, includes proprietary SmartKey technology, as well as electronic, smart, and biometric locks. Some of the well-known brands under HHI's umbrella are Kwikset, Baldwin, Weiser, Pfister, and National Hardware. HHI is headquartered in Lake Forest, California, and employs approximately 7,500 people worldwide, with production plants located in the United States, Mexico, Taiwan, China, and the Philippines.

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Article source: https://article-realm.com/article/Business/58927-Global-Fire-Rated-Ducts-Market-Insights-Top-Companies-Demand-and-Forecast-to-2030.html