APAC Air Ducts Market size is expected to cross USD 2.4 billion by 2027, according to a latest forecast report by Graphical Research. Growing health problems associated with deteriorating indoor air quality and growing environmental concern is expected to drive the industry growth.
Asia Pacific holds over 40% share in global air duct industry. Factors including proliferating commercial & retail spaces, rapid advancements in office spaces, growing real estate sector, and supportive government policies are boosting industry growth. For instance, in March 2020, the Government of India approved the proposals of many IT companies, such as TCS and DLF, to set up special economic zones across states including, Haryana and Uttar Pradesh. Elegant aesthetic looks, less space for installation, and the availability of multiple designs & materials are the key drivers Asia Pacific air ducts market growth.
Urbanization has made a significant contribution to the growth of construction activities, especially in developing economies. The increasing infrastructure of retail stores, shopping malls, airports, and other large infrastructures along with improvements in technology and rising renovation demand in residential and commercial sectors will drive the revenue generation. Asia Pacific represents one of the major markets for residential and commercial building-related components & accessories across the globe. The dominating unorganized sector highly cost-sensitive consumers and increasing demand to enhance house appearance will create growth opportunities for players in the region.
Browse detailed statistical insights from the report, “Asia Pacific Air Duct Market Forecast 2027 By Shape (Rectangular, Round, Oval), By Material (Galvanized Steel, Aluminum, Fiberglass, Polymers), By Application (Office Spaces, Airport & Rapid Transit, Retail Stores & Shopping Complexes, Hospitality, Multiplex/Auditorium, Hospitals, Manufacturing), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The polymer segment in Asia Pacific air ducts market will observe around 4% CAGR through 2027. The segment growth is attributed to superior performance that has escalated the demand for polymers such as PVC, polyester and polyurethane from air duct manufacturers. Materials such as polyurethane have mechanical resistance and excellent insulation that supports its adoption for duct work.
Oval duct segment will witness around 3.5 % CAGR in Asia Pacific air ducts industry from 2021 to 2027. The oval spiral ducts used in residential and industrial spaces are seamless and prevent air from escaping from the ducts. This airtightness is essential for improving energy efficiency and reducing noise pollution. Noise is a common problem in other types of ducts due to vibration. Oval residential pipes also have a clean appearance and do not require sealants to connect pipe sections. This is ideal for humid locations and HVAC installations that may be more difficult to manage.
The manufacturing segment will generate over USD 40 million by 2027. The rising cost of non-residential construction has significantly stimulated the demand for manufacturing hubs. The industries are setting up plants in emerging nations to increase the overall production at lower operational expenditure, thereby increasing the product demand. For instance, in November 2020, Samsung announced to invest over USD 650 million to complete the construction of display manufacturing unit in India.
The APAC air ducts market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Material
- Galvanized steel
Asia Pacific Market, By Shape
Asia Pacific Market, By End-Use
- Office spaces
- Airports & metros
- Retail store and shopping complexes
The above information has been provided for the following countries:
- Asia Pacific
- South Korea
- Rest of Asia Pacific