Global Fire Doors Market Size Worth USD 16.5 billion by 2024
The global fire doors market size is estimated to surpass USD 16.5 billion by 2024, according to a new research report by Global Market Insights, Inc.
Fire door is a door with a fire-resistance rating used as part of a passive fire protection system to reduce the spread of fire and smoke between separate compartments of a structure and to enable safe egress from a building or structure or ship.
Rising count of fire incidences along with growing construction sector are propelling the global fire door market share. Favorable government regulations towards reducing the fire incidences will support the industry demand over the next few years. Additionally, government focus on providing exit passageways for people in case of residential fire incidences along with obligatory installation of fire doors in public and commercial buildings will stimulate the business expansion.
Asia Pacific fire door market holds a significant share and will witness significant gains at around 7.5% from 2018 to 2024. Rising consumer awareness towards enhanced safety along with developing government initiatives towards reducing the property damage will boost the market growth. Booming residential and commercial construction sector in APAC displays strong potential in the region.
China’s Fire Door Market
After more than 20 years of development, product quality and performance of fire doors in China have been greatly improved, and product types have also increased. To meet the rising market demand for fire windows and doors in China, the annual Windoor Expo launched a new sector, Fired-Rated Window Door in March 2019 and won great feedback.
In 2020, this sector is expanded to be a Fire-Resistant Building Materials one and expected to gather more than 80 Chinese manufacturers and suppliers. Featured exhibitors include BOAN FIRE GLASS TECHNOLOGY CO LTD, FIMOTION MATERIAL TECHNOLOGY CO LTD, GOLDEN GLASS FIRE RESISTANT PRECISION STEEL SYSTEM CO LTD, HENGBAO FIRE RESISTANT GLASS FACTORY CO LTD, MEXIN BEST DOORS INDUSTRY CO LTD, MING'AN FIREPROOF DOORS AND WINDOWS CO LTD, SEED GLASS CO LTD, SDW FIRE RESISTANCE GLASS, TURNER GROUP HOLDINGS LIMITED, WEWELL FIRE PREVENTION TECHNOLOGY CO LTD and many more.
Visit www.windoorexpo.com to find out more about Windoor Expo 2020, the most comprehensive sourcing platform for window, door & facade products in China.