Fire Door Market 2024: Business Development Analysis

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Fire Door Market to hit 16.7bn by 2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Fire Door Market

• Fire Door Market size is estimated to exceed USD
  16.7 billion by 2024 according to a new research
  report by Global Market Insights, Inc.
• Strong construction output with increasing
  spending on safety equipment in both commercial
  as well as residential sector will drive the fire
  door market growth. Focus on fire safety and
  prevention from flame spreading in numerous
  industries has enhanced product demand.
• Aluminum fire door market is set to exceed USD 2
  billion in sales by 2024. Durability, strength,
  lasting color appearance and sustainability are
  key properties driving these products. Increasing
  material replacement over wood in construction
  projects due to its superior properties at
  competitive price will propel industry growth.

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Continued...

• Rising casualty rate, property damage and public
  safety concerns during fire accident will propel
  industry growth. Increasing consumer safety
  consciousness along with improved standard of
  living are the key factors supporting product
  demand. Extensive RD along with emergence of
  flush glazed and double action products will open
  new opportunities for the business growth.
• Flush glazed variants continue to witness
  significant growth due to rising demand for
  natural light, ventilation, condensation, noise
  prevention, well insulated construction, reduced
  heating cooling costs and safety security
  needs.
• Steel, glass and aluminum as per standards with
  superior resistance from FD 30 to FD 180 are
  primary raw materials. Steel is among the major
  revenue contributor, with generating over USD 4.2
  billion in 2016. As per insulated steel door
  institute, advancement in weather strip system
  along with improvement in insulating technologies
  will drive product demand.

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Continued

• Stringent government regulations and policies by
  associations including NFPA on building safety
  codes and fire protection system will fuel
  industry growth. However, high maintenance
  installation cost along with lack of integrity in
  system are the key factors restraining industry
  growth.
• Sliding variants are anticipated to witness
  growth over 6.5. High adoption of horizontal,
  top hung, double skin insulated panels and
  telescopic sliding door will propel the product
  demand. Easy installation, heavy duty protection
  and use of composite materials will drive growth.
  
• Commercial fire door market was worth over USD 7
  billion in 2016. Rapid industrialization along
  with government compliance on the manufacturing
  sector including IT parks, textile parks and
  other industrial hubs particularly in the
  emerging nations are the key factors fueling the
  product scope.

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Continued

• Internal fire door market will witness growth
  over 7.4 up to 2024. Shifting focus on public
  safety and minimizing property damage will drive
  the product demand. Increasing construction
  expenditure particularly on the residential
  buildings will fuel the industry growth.
• MEA is anticipated to worth more than USD 600
  million by 2024. Saudi Arabia will remain
  dominating followed by UAE in the forecast
  period. Growing government focus on
  infrastructure development to enhance tourism
  accompanied by stringent regulations for safety
  will propel the industry growth.
• Asia Pacific fire door market share accounted for
  more than 28 in 2016. Growing population, rapid
  urbanization along with increasing investment on
  infrastructure development will support the
  regional demand. Government compliance including
  subsidies and safety awareness programs are the
  major factors stimulating the industry demand.

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