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flue & chimney pipes market Report Overview
The global flue & chimney pipes market size was USD 583.5 million in 2022. As per our research, the market is expected to reach USD 905.5 million by 2028, exhibiting a CAGR of 7.6% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the flue & chimney pipes market growth and demand returning to pre-pandemic levels once the pandemic is over.
It can be difficult to pick just one Flue & Chimney Pipe style because so many are available. Countless alternatives include stainless steel, cast iron, single-wall, and double-wall construction. Each form of pipe has distinct advantages and qualities that make it suited for various applications. There is a Flue & Chimney Pipe out there for you, regardless of whether you need a pipe that can tolerate high temperatures or is corrosion-resistant. Stainless steel pipe is one common variety of Flue & Chimney Pipe. These pipes are renowned for their longevity and corrosion resistance. They are ideal for fireplaces and wood-burning stoves since they tolerate high temperatures.
Cast iron pipe is another variety of Flue & Chimney Pipe. Despite the worst conditions, these pipes are exceptionally sturdy and resilient. They are perfect for heating systems because they hold heat well. Cast iron pipes have a traditional and timeless appearance that adds a touch of luxury to any house. This market includes options for everyone, whether you're a homeowner looking to upgrade your chimney or a contractor searching for the best pipes available. You can locate the ideal pipe for your requirements from the many variations available.
COVID-19 Impact:
"Lockdowns And Social Distancing Measures Hampered Market Growth "
This market has also been significantly impacted by the COVID-19 outbreak, as have other sectors of the economy. Lockdowns and other social isolation tactics have caused people to spend more time at home, which has increased the market for home repair projects. As people look to modernize their chimneys and ventilation systems, this has caused a boom in this market. To maintain optimal ventilation and lower the danger of respiratory infections, homeowners are investing in high-quality Flue & Chimney Pipes as they prioritize their family members' health and safety. This market now has a fantastic opportunity to grow and innovate because of this change in customer behavior.
Latest Trends
"Building Effective Pipes To Help Remove Smokes And Save Energy To Boost The Market Growth."
This market is undergoing a dynamic new trend that is revolutionizing the sector. The newest trend in the Flue & Chimney Pipes is all about efficiency and sustainability, thanks to developments in technology and design. Currently, manufacturers pay attention to pipes that successfully remove smoke and odors from homes and buildings while minimizing energy waste. These cutting-edge pipes enhance airflow, lessen heat loss, and encourage cleaner fuel combustion. Consumers can benefit from this trend in many ways, including cheaper energy costs, more comfortable living quarters, and the environment. As these innovative products continue to gain popularity, this market is undoubtedly bustling with enthusiasm.
flue & chimney pipes market Segmentation
- By Type Analysis
The flue & chimney pipes market can be segmented into single wall flue pipes, twin wall flue pipes, flexible chimney flue liner, and other. Among these, single wall flue pipes are projected to experience rapid growth through 2028.
- By Application Analysis
The market can be divided based on application into standard fireplaces and stoves. Standard fireplaces are expected to hold the most significant flue & chimney pipes market share in the upcoming years.
Driving Factors
"Increasing Demand For Energy-Efficient Heating Systems to Propel the Market Expansion"
The Flue & Chimney Pipe market is expanding rapidly due to numerous important driving forces. The rising need for energy-efficient heating systems is one of the primary causes. The demand for Flue & Chimney Pipes that maximize heat retention and minimize heat loss is growing as more individuals become aware of their carbon footprint and look for solutions to lower their energy usage. The demand for Flue & Chimney Pipes has increased significantly due to this.
"Growing Construction Industry to Fuel the Market Growth"
The expanding building sector is another key market driver. Due to the global expansion in the construction industry, there is a considerable need for high-quality chimney and flue systems in residential, commercial, and industrial buildings. These pipes are a necessary part of any building since they play a significant role in maintaining proper ventilation and smoke extraction. The government's strict emissions and air pollution controls have also helped this market grow. The necessity for effective Flue & Chimney Pipe systems that abide by these rules has increased as governments worldwide adopt stronger restrictions to regulate emissions from heating systems.
Restraining Factors
"High Cost And Lack Of Awareness Hinder The Market Growth"
This market is expanding significantly with the introduction of various cutting-edge products. But to further develop the industry, several restraints must be addressed. The high cost of the materials needed to make these pipes is one of the biggest problems the business has to deal with. Customers may need help to afford them, which could impede market expansion. Another issue that needs to be addressed is customers' need to know the significance of appropriate ventilation and chimney maintenance. We can increase the market's potential by addressing these problems and informing consumers of the advantages of adopting high-quality flue & chimney pipes.
flue & chimney pipes market Regional Insights
"North America to Dominate Market Due To Increasing Demand for the Product"
Between 2022 and 2028, the flue & chimney pipes market will be dominated by North America. Factors driving the market growth in this region include the increasing demand for energy-efficient heating systems. Additionally, people preference in this region for a clean and hygienic lifestyle has proportionately boosted the market growth.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage in the Market"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Schiedel (Europe)
- Selkirk (U.S.)
- DuraVent (U.S.)
- Ubbink Centrotherm Group (U.S.)
- Jeremias International (Germany)
- Cordivari (Europe)
- Poujoulat (Europe)
- Docherty Group (U.K.)
- SF Limited (Singapore)
- Imperial Manufacturing Group (Canada)
- Mi-Flues (U.K.)
- Olympia Chimney Supply (U.S.)
- Shasta Vent (U.S.)
- Security Chimneys International (Canada)
- Ruilun Metal Products (Asia Pacific)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 583.5 Million in 2022 |
Market Size Value By |
US$ 905.5 Million by 2028 |
Growth Rate |
CAGR of 7.6% from 2022 to 2028 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types and Applications |
Frequently Asked Questions
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What value is the global flue & chimney pipes market expected to touch by 2028?
The global flue & chimney pipes market is expected to reach USD 905.5 million by 2028.
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What CAGR is the global flue & chimney pipes market expected to exhibit by 2028?
The global flue & chimney pipes market is expected to exhibit a CAGR of 7.6% by 2028.
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Which are the driving factors of the flue & chimney pipes market?
The flue & chimney pipes market driving factors are the increasing demand for energy-efficient heating systems and the growing construction industry.
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Which are the key players or most dominating companies functioning in the flue & chimney pipes market?
Schiedel (Austria), Selkirk (U.S.), DuraVent (U.S.), Ubbink Centrotherm Group (U.S.), and Jeremias International (Germany) are some of the top companies in the flue & chimney pipes market.