The global Flue and Chimney Pipes Market is expected to grow from its current size of around US$5 billion to US$ 8.2 billion by 2032. It is predicted that the market for flexible chimney flue liner will see a CAGR of 6.4% over this period.
Drivers of the Flue and Chimney Pipes Market
The drivers of the Flue and Chimney Pipes Market are the increasing construction and expansion of residential, commercial, and industrial end-user segments which are a result of the rapid urbanization across various developing regions.
The trend of maintaining a clean and hygienic environment is increasing among the people which will boost the demand for Flue and Chimney Pipes in order to ensure proper waste management.
The rising fuel prices have resulted in demanding more environmentally friendly heating solutions that are powered by renewable energy sources like solar power, geothermal heat pumps, etc. The growing awareness of using eco-friendly products will create better opportunities for Flue and Chimney Pipes manufacturers.
Opportunities of the Flue and Chimney Pipes Market
The opportunities for the Flue and Chimney Pipes Market are growing as consumers prefer to use eco-friendly products in order to minimize
Advantages of Flue and Chimney Pipes Market
The advantages of Flue and Chimney Pipes Market are
Rising industrialization and urbanization globally is expected to create a large demand for Flue and Chimney Pipes in the next few years and requirement for such products will be there which is a major advantage of the market. The global Flue and Chimney Pipes market and is expected to reach at a CAGR of 5% over the forecast period from 2019-2032.
Market Value and CAGR
The global Flue and Chimney Pipes Market is expected to grow from its current size of around US$5 billion to US$ 8.2 billion by 2032. It is predicted that the market for flexible chimney flue liner will see a CAGR of 6.4% over this period.
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Restraints of the Flue and Chimney Pipes Market
The restraints of the Flue and Chimney Pipes Market include stringent government regulations regarding environmental protection by minimizing air pollution. These regulations against air pollution can hamper market growth because air pollution caused due to burning fuel can be prevented by using chimneys so it may be possible that some countries may ban or restrict such solutions.
High raw material costs are anticipated to hinder the growth of the flue and chimney pipes market. The major factor restraining the growth of the flue and chimney pipes market is its high cost. High raw material cost plays a significant role in driving up the final product cost, thus hampering the overall growth of this market. In addition, inadequate supply of raw materials can also restrict this market’s expansion.
While there are certain drawbacks of the market but the demand of the flue and Chimney Pipes market are on a rise due to increasing industrialization and the rising need for such products in the market due to which it is a rising market in the current situation and is expected to remain so as well.
Key Players in Flue and Chimney Pipes Market
Some of the key players in the Flue and Chimney Pipes Market are Cosell Darken Products, Inc., Eurocent Ceratite Certification, Selkirk Metabasites Manufacturing Euro pipe GmbH., Reliance Industries Ltd., Tenaris S.A., Fine tubes Italia Spa, Borana Mannesmann Pipe Inc., Freer Pipe Industries Limited., Zemelman Industries Inc., Tubes Reunites S.A., Tubifex S.A..Harwell Group of Companies.
Segment Analysis into type, application, end user and region in Flue and Chimney Pipes Market
The most demanded product in the Flue and Chimney Pipes Market is the Carbon Steel, which has a demand of over 45% and is projected to grow at a CAGR of 5.6%. The Stainless-Steel segment is expected to be the fastest-growing segment in the Flue and Chimney Pipes Market during the forecast period.
North America accounts for approximately 30% of global production, whereas Asia Pacific accounts for approximately 26% of global production.
Impact of Covid-19 in the Flue and Chimney Pipes Market
The outbreak of the Covid-19 pandemic has had a significant impact on the flue and chimney pipes market. The lockdown imposed by various governments across the globe to contain the spread of the virus has led to a decrease in construction activities, which in turn has adversely affected the demand for flue and chimney pipes. Moreover, the closure of manufacturing units and supply chain disruptions have also hindered the market growth. However, with the gradual easing of restrictions and resumption of economic activities, the market is expected to recover in the coming months.
The production was impacted in a major way as restrictions were imposed across the countries resulting in reduced number of units made. Along with that, the supply chain management too was deeply affected as the transportation was halted due to all these restrictions causing a lot of inconvenience in the market.
After Covid-19, the market is slowly returning to normal and so, the demand is expected to be back on track with firms starting to work normally again.
Key developments in the Flue and Chimney Pipes Market
In January, 2018 A.W. Smith (USA), a leading maker of flue pipes, had developed the first ever double-wall stainless steel pipe to be certified by Underwriters Laboratories in North America and the European Union.
In March, 2017 Energex Inc. (USA), a leading chimney and venting systems provider, introduced Chimney Brush able Crown Repair coating, which is used to repair cracked and damaged masonry crowns of any size or shape without having to remove them first.
Major players in the market are Johnson Matthey / Umicore (Belgium), Selco International Limited (Ireland). The leading companies are trying to enhance their market share through various growth strategies such as product launches, partnerships, agreements, expansions, joint ventures, acquisitions, and others.
Flue and Chimney Pipes Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2032 |
| Study Period | 2018-2032 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2032 | US$ 8.2 billion |
| Growth Rate | CAGR of 6.4 % during 2022-2032 |
| Segment Covered | Type, Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Cosell Darken Products, Inc., Eurocent Ceratite Certification, Selkirk Metabasites Manufacturing Euro pipe GmbH., Reliance Industries Ltd., Tenaris S.A., Fine tubes Italia Spa, Borana Mannesmann Pipe Inc., Freer Pipe Industries Limited., Zemelman Industries Inc., Tubes Reunites S.A., Tubifex S.A..Harwell Group of Companies. |
Key Segments of the Flue and Chimney Pipes Market
Type Overview, (USD Billion)
• Twin Wall Flue Pipes
• Single Wall Flue Pipes
• Flexible Chimney Flue Liner
• Others
Application Overview, (USD Billion)
• Standard Fireplaces
• Stoves
Regional Overview,(USD Billion)
North America
• U.S
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
• Middle East and South Africa
Frequently Asked Questions (FAQ) :
Flue and Chimney Pipes Market is projected to reach US$ 8.2 billion by 2032, growing at a CAGR of 6.4%