Based on a new report by Global Market Insights, Inc., the fire door market is expected to see a rise in residential and commercial markets due to an increase in expenditure on safety by people. The aluminium fire door market is to exceed USD 2 billion in sales by 2024 while the Europe fire door market is estimated to witness CAGR exceeding 6% up to 2024.
Properties like durability, strength, lasting color appearance and sustainability are added benefits to the market supply. General public safety concern, rising casualty rate and property damage during any fire accident have also propelled communities and designers to consider fire doors in designs. Steel, glass and aluminium as per standards with superior resistance are some of the common materials used. Stringent government regulations and policies by associations including NFPA on building safety codes and fire protection system will fuel industry growth. This said, the industry needs to work on factors like high maintenance and installation cost alongside lack of integrity in system which cause hindrance in the market.