Fire Door Market Analysis by Regional Outlook and Segments till 2026

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Fire Door Market Analysis by Regional Outlook and
Segments till 2026

• Strict regulatory mandates on a global scale for
  the prevention of fire-related mishaps and
  subsequent human and property damage is adding
  impetus to fire door industry outlook. For
  instance, a new consortium with representatives
  from over 50 building construction safety
  enterprises across the globe, dubbed the IFSS
  (International Fire Safety Standards) Coalition,
  has recently published a draft of fire safety
  principles that are universally applicable, with
  a finalized version of the document to be made
  available in summer 2020.
• Escalating demand for robust fire safety measures
  from commercial and residential construction
  sectors will propel fire door market share over
  the forecast spell. Based on estimated from
  authentic reports, the global fire door market
  size is poised to surpass 13 billion by 2026.

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• These emerging standards coupled with strong
  government focus on the safety of public
  occupants during fire-related incidents is likely
  to contribute significantly to fire door market
  expansion over the projected timeline. Industry
  development is also bolstered by stringent norms
  promoting the usage of fire door across various
  escape routes such as stairwell access routes,
  corridors and loft conversions, among others.

• Based on material, the fire door industry is
  classified into gypsum, vermiculate boards,
  timber, aluminum, steel and glass. Among these,
  the timber segment is expected to hold a
  commendable share of nearly 18 in the overall
  revenue share by 2026. The segment is further
  bifurcated into block board core, particle board
  core door, structural composite lumber core and
  solid wood door. Timber-based fire doors combine
  both the conventional design as well as strength
  characteristics required by consumers.

• The sliding door segment is projected to register
  remuneration of more than 1.5 billion in the
  global fire door business landscape by 2026.
  Sliding accordion fire doors deliver multiple
  benefits, including lesser opening and closing
  space requirements than other counterparts. These
  fire doors deliver airtight insulation and
  demonstrate robust potential in application
  sectors such as theaters, shopping malls, factory
  warehouses and shop fronts, among others.
  Additionally, high aesthetic appeal of the
  product is anticipated to augment global fire
  door market dynamics over the estimated timeline.

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• Regional Analysis

• The Latin America fire door industry is estimated
  to exhibit a growth rate of over 5.1 CAGR
  through 2026. This growth is attributable mainly
  to the recovering construction industry, as well
  as burgeoning financial interest from the
  government for commercial and infrastructural
  projects across the region. Industry penetration
  is further accelerated by lower inflation rates
  and favorable environmental regulations.

• Competitive Analysis

• Key fire door industry players are becoming
  increasingly more engaged in collaborations,
  expansion and other strategic tactics to achieve
  a stronghold in the overall market scenario. For
  instance, Assa Abloy has recently received
  approval from the European Commission under the
  EU Merger Regulation, for its planned acquisition
  of Agta Record. Other key participants in the
  fire door market space include Essexford Joinery
  Works Limited, Vista Panels Limited, Rapp Bomek,
  Taotao Group, Hörmann Beteiligungs, Mesker
  Openings Group, Wangli Group Co., UK Fire Doors,
  Zhejiang Jiahui Doors, Chase Industries, Fusim
  Group Co. and Nihon Funen Co., among others.

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