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The fire door industry from the glass segment is slated to record over 5.5% growth through 2032, led by the growing focus of various on addressing fire safety requirements for corporate and public structures. The use of e-glass for fire door applications has increased due to the material’s advantageous properties such as cost-effectiveness and efficiency. Fire doors made from e-class glass can also ensure high resistance against flames and smoke, further contributing to product consumption.
Fire door market value from the hinged product type segment is set to cross USD 14 billion by 2032, considering its widespread requirement in residential and commercial buildings. The rising application scope of hinged fire doors in the housing sector can be credited to lesser space requirements and easy setup, among other benefits. The convenience and ease of usage will drive the implementation of hinged fire doors in commercial and residential projects.
The EI30 fire resistance door industry size is projected to exceed USD 3 billion by 2032, attributed to the product’s capability to ensure fire and smoke resistance for about 30 minutes. These benefits have led to increased product fitting in small places with fewer crowds. Manufacturers are also designing EI30 fire door units for buildings with larger crowds, including shopping centers, schools, and railway stations. These units can lower the potential risks of injury in the secondary closing edge, fueling the demand for EI30 fire-resistant doors in diverse construction sector.
Fire door market revenue from the residential application segment is poised to cross USD 16 billion by 2032, due to the rising disposable incomes and an increase in private residential construction spending. As per the NAHB (National Association of Home Builders) analysis of Census Construction Spending data, investment in private residential construction rose by 1% in March 2022. Such factors will stimulate the installation of fire doors to limit the spread of flames and smoke and prevent casualties during fire breakouts.
The internal fire door market size was more than USD 2 billion in 2022, as a result of rapid urbanization worldwide. The construction of residential complexes and housing partnerships have increased rapidly. To tackle inflation, government bodies have also introduced several action plans. For instance, in May 2022, the U.S. government released a Housing Supply Action Plan to ease the housing cost burden through the enhanced supply of quality housing. These initiatives will escalate the production of critical components such as internal fire doors for use as a passive fire safety system in buildings.
North America fire door market is anticipated to witness 5% growth during the forecast period, on account of the launch of awareness programs to ensure fire protection and the mounting construction spending. With rapid industrialization and urbanization, residential area improvement programs are gaining traction. The growing safety concerns and stringent regulations to ensure building safety will thus proliferate industry demand throughout the region.