Fire Door Market Size

Fire Door Market Size

Fire Door Market was valued at USD 16.5 billion in 2023 and is anticipated to register a CAGR of 4.5% between 2024 and 2032, due to the increasing necessity for safety & security coupled with the escalating number of fire incidences and the rising industrial and residential construction around the world. For instance, according to Oxford Economics, the global construction work will reach USD 13.9 trillion by 2037, driven by growth in China, the U.S., and India. Global urbanization and significant infrastructure development contribute to the expansion of the fire-proof door market.

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Governments worldwide are increasingly implementing severe building safety norms and regulations that require the use of fire-rated materials, including fire doors, in the commercial and residential structures. This regulatory framework generates a consistent demand for fire doors. For instance, The International Fire Code (IFC), Fire-Resistant Construction (Chapters 6 & 7), specify requirements for fire-rated materials for walls, floors, ceilings, and doors in different building types.

Fluctuations in raw material prices, particularly for steel and other fire-resistant materials, create a significant threat to the fire-proof door market. Abrupt rises in material costs can lead to higher manufacturing costs, thereby reducing profit margins and prompting companies to raise prices for consumers.