Residential Segment to Dominate Asia Pacific HVAC Air Ducts Market During 2019–2028

As per the Organization for Economic Co-operation and Development (OECD), the COVID-19 pandemic significantly affected economies such as India, Australia, and Japan. Due to inadequate health and medicine facilities, government authorities imposed restrictions at production sites. Also, in some nations, the transport of non-essential commodities and goods was restricted. As per the Purchasing Managers' Index surveys, manufacturing indices in Vietnam, Indonesia, and the Philippines fell considerably. Due to movement restrictions, various companies introduced work from home to their employees where it was possible. This impacted the demand for corporate HVAC air ducts severely. In 2021, with more people getting vaccinated and easing of pandemic restrictions, many industries have resumed operations. Therefore, the HVAC air ducts market in Asia Pacific is anticipated to grow promisingly after the pandemic.

The Asia Pacific HVAC air ducts market is segmented on the basis of product type, application, and country. The market, based on product type, is segmented into sheet metal ducts, flexible non-metallic ducts, fiberglass duct boards, and others. The sheet metal ducts segment dominated the Asia Pacific HVAC air ducts market in 2020 and flexible non-metallic ducts segment is expected to be fastest growing during forecast period. On the basis of application, the market is segmented into industrial, commercial, and residential. The residential segment dominated the Asia Pacific HVAC air ducts market in 2020 and commercial segment is expected to be fastest growing during forecast period. Based on country, the market is segmented into the Australia, China, India, Japan, South Korea, and rest of Asia Pacific. In 2020, China held the largest share Asia Pacific HVAC air ducts market.