Fire Rated Duct Market Segmentation:
Type Segment Analysis
The galvanized steel duct segment in the fire rated duct market is anticipated to hold 47% of the revenue share by 2035. Due to the growth in infrastructure development, consumption of steel products, and expansion in the automotive sector, the demand for galvanized steel has risen. This is because galvanized steel is highly durable and resistant to corrosion and tearing, which makes it a preferred choice. Galvanized duct systems usually last for about 50 years with minimal maintenance. In addition, manufacturers also provide aluminum ducts that are made of aluminum foil laminated with polyester film. Galvanized steel ducts are expected to experience a substantial increase in demand due to their longevity, durability, and low maintenance requirements. They can be used for extended periods in a variety of commercial, residential, and industrial applications.
Application Segment Analysis
Fire rated duct market from the commercial facilities segment is estimated to hold major revenue share during the forecast period. Commercial facilities, such as hospitals and multi-specialty malls, invest heavily in the initial stage to provide fresh indoor air quality to their customers. Moreover, government entities are also investing in the development of green infrastructure. With the growing demand for more sustainable building options, green construction has become increasingly profitable and desirable in the global construction sector.
Our in-depth analysis of the global market includes the following segments:
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