Fire Rated Ducts Market Segmentation, Application, Trends, Opportunity & Forecast 2020 to 2027
Market Highlights Global Fire Rated Ducts Market is projected to grow at a moderate rate during the forecast period, primarily due to the increasing need for fire safety solutions and stringent government regulations. Moreover, the increasing demand from emerging economies is expected to present a growth opportunity for the global fire rated ducts market. Fire safety solutions are essential in ensuring safety and preventing fatalities and property loss. Over the past few years, there have been several fire-related accidents in residential, commercial, and industrial spaces that have led to several deaths. Hence, it becomes necessary for architects and engineers to install fire safety solutions in residential, commercial, and industrial buildings to avoid such losses. Fire-rated ducts are the fire rated ventilation ducts to avoid fire and thus guard the property against fire hazards. Fire ductwork systems are designed to extract hot gases, smoke, and flame to ensure safety an...