The company ROCKWOOL is constructing a new production facility in France. This strategic investment aims to increase capacity to satisfy the growing demand for insulating goods.
The UK-based company Ductmann Ltd., which produces rectangular, fire-rated ducting and quiet, has been acquired by Lindab UK. The acquisition is a logical move for Lindab to expand its ventilation system product line in the UK. A significant and expanding product category, the manufacture of fire-rated ducting systems is certified by Ductmann. The merging of the two companies offers a fantastic opportunity to improve customer service.
Author Credits: Rushikesh, Richa Gupta
Report ID: 5358
Published Date: Nov 01, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Rising Adoption of HVAC systems, the increasing price of raw materials, the growing construction industry, and the surge in technological developments are some of the major growth drivers for the market.
The market size of fire rated ducts is anticipated to attain a CAGR of 5 % over the forecast period, i.e., 2024-2036.
The major players in the market are Lindab AB, THERMAFLEX, KAD AIR CONDITIONING L.L.C, FabricAir, CMS Group of Companies, Firetrace Ductwork Limited, Etex Group, DuraSystems, ARCAT, Inc, ROCKWOOL A/S and others.
The Galvanized Steel duct segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.