December 13, 2021
According to the research report titled, ‘Asia Pacific Air Duct Market Forecast 2027 By Shape, By Material, By Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Asia Pacific air duct market is anticipated to amass notable gains during 2020-2027.
Factors such as rising prevalence of diseases caused by poor air quality in indoor spaces, increasing efforts by residential & commercial sectors to minimize environmental impacts of their activities, and rapid expansion of construction segment are propelling the growth of Asia Pacific air duct market. Moreover, rising cognizance about importance of installing high quality ventilation and air circulation systems to prevent chronic diseases is positively swaying the market dynamics.
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In addition, rising government initiatives to promote green construction methods, high usage of air ducts in commercial buildings in nations like Japan & China, and increase in adoption of creative technologies by leading companies to make their air ducts more efficient are augmenting industry outlook.
On the flipside, the COVID-19 pandemic slowed the progression of this marketplace to a large extent as infrastructure and construction activities had come to a halt due to strict lockdowns and lack of labor force & raw material.
By material type, the industry vertical is split into polymers, aluminum, fiberglass, galvanized steels, and others. Among these, the galvanized steels segment is projected to expand at a CAGR of 4% through 2027, owing to beneficial properties such as high tensile strength, planning flexibility, good aesthetic appearance, and high rust resistance.
Based on shape, Asia Pacific air duct market is arrayed into round, rectangular, and oval. The round air duct segment is poised to generate USD 1 billion by 2027, accreditable to favorable characteristics such as ability to withstand extreme pressure, reduced noise frequency, and low susceptibility to dirt & dust.
In terms of end use, the market sphere is fragmented into office spaces, hospitality, airports & metros, retail stores & shopping complexes, multiplexes/auditoriums, hospitals, manufacturing, and others.
Regionally speaking, China, India, Japan, South Korea, Australia, and Indonesia are the major benefactors to the expansion of this business sphere.
Novaflex, Inc., SET Duct Manufacturing, Inc., Zinger Sheet Metal Co, Tin man Sheet Metal Fabrication, LLC, Eastern Sheet Metal, Inc., Ruskin Titus Gulf, Rubber World industries LLC, Thermaflex International, and Duct Asia Engineering Co., Ltd. are leading players defining the competitive hierarchy of Asia Pacific air duct industry.