June 02, 2022
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 expected to witness stellar growth through forecast timeline.
Increasing health concerns, emphasis on reducing environmental degradation, rising awareness concerning high-quality air circulation and ventilation systems, and surging prevalence of chronic disease are some of the major factors driving the growth of the Asia Pacific air duct market.
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For those unaware air ducts are used as a ventilation system to regulate airflow and temperatures in the buildings.
During the COVID-19 outbreak, many construction and infrastructure activities came to a halt due to a lack of raw materials and labor force. However, with the COVID-19 pandemic effect gradually diminished, with real estate developers resuming their construction activities, which in turn is favoring the regional market outlook.
Asia Pacific is expected to witness expotential growth over the analysis period, ascribed to a rise in construction activities, and governments promoting green construction methods by allowing tax benefits and loans for an extended period. Countries like China and Japan are seeing an increase in air duct usage for commercial buildings, which in turn is adding traction to the overall market size.
Based on material type, Asia Pacific air duct market share from the galvanized steel segment is estimated to witness a 4% CAGR through 2027, on account of its flexibility, good aesthetic appearance, reduction in painting cost, high tensile strength, and prevention of rust from settling in.
In terms of shape type, the market is divided into round, rectangular, and oval. Out of these, the round segment is projected to be valued at USD 1 billion by 2027, owing to its ability to withstand high-pressure conditions, requires less metal while manufacturing, reduces noise frequency, prevents dirt and grime, and doesn’t deform easily.
From the geographical point of view, the market is segmented into Indonesia, India, Japan, China, Australia, South Korea, and rest of Asia Pacific.
The prominent companies operating in the Asia Pacific air duct marketplace are Thermaflex, SET Duct Manufacturing Inc., Tin Man Sheet Metal LLC, M&M Manufacturing, Novaflex Inc., Eastern Sheet Metal, Ruskin Titus India Pvt. Limited, Zinger Sheet Metal Co., Rubber World Industry LLC, Novaflex Group, and Duct Asia Engineering Co. Ltd.