Global Passive Fire Protection Market Size & Outlook
Global passive fire protection market, 2018-2030 (US$M)
Related Markets
Global passive fire protection market highlights
- The global passive fire protection market generated a revenue of USD 4,325.3 million in 2023 and is expected to reach USD 6,297.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.5% by 2030.
- In terms of segment, cementitious materials accounted for a revenue of USD 1,823.1 million in 2023.
- Intumescent Coatings is the most lucrative by product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Malaysia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 4,325.3 million |
| Market revenue in 2030 | USD 6,297.7 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Cementitious materials |
| Fastest growing segment | Intumescent Coatings |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cementitious Materials, Intumescent Coatings, Fireproofing Cladding |
Other key industry trends
- In terms of revenue, the North America accounted for 21.1% of the global passive fire protection market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Malaysia is the fastest growing regional market and is projected to reach USD 56.6 million by 2030.
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Passive Fire Protection Market Scope
Passive Fire Protection Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global passive fire protection market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to passive fire protection market will help companies and investors design strategic landscapes.
Cementitious materials was the largest segment with a revenue share of 42.15% in 2023. Horizon Databook has segmented the Global passive fire protection market based on cementitious materials, intumescent coatings, fireproofing cladding covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Passive Fire Protection By Product Outlook (Revenue, USD Million, 2018-2030)
- Cementitious Materials
- Intumescent Coatings
- Fireproofing Cladding
- Others
- Global Passive Fire Protection By Application Outlook (Revenue, USD Million, 2018-2030)
- Oil & Gas
- Construction
- Industrial Plants
- Warehousing
- Others
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Target buyers of Global passive fire protection market databook
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Our clientele includes a mix of passive fire protection market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global passive fire protection market , including forecasts for subscribers. This global databook contains high-level insights into Global passive fire protection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global passive fire protection market size, by region, 2018-2030 (US$M)
Top 10 countries: Passive fire protection market size, 2023 (US$M)
Global passive fire protection market share, by by product, 2023 & 2030 (%, US$M)
Passive fire protection market: Opportunity assessment by country
Global passive fire protection market, by region, 2023 (US$M)
| By Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 783.4 | 818.6 | 832.8 | 848.1 | 874.1 | 911.3 | 952.0 | 996.7 | 1,046.4 | 1,099.0 | 1,157.4 | 1,221.2 | 1,291.0 | 5.1% |
| Europe | 965.6 | 1,008.8 | 1,035.4 | 1,064.3 | 1,096.4 | 1,132.0 | 1,171.5 | 1,215.2 | 1,263.6 | 1,318.7 | 1,380.9 | 1,437.8 | 1,498.0 | 4.1% |
| Asia Pacific | 1,335.4 | 1,414.2 | 1,457.9 | 1,504.7 | 1,571.7 | 1,659.8 | 1,756.3 | 1,862.6 | 1,980.8 | 2,107.3 | 2,247.8 | 2,402.4 | 2,572.6 | 6.5% |
| Latin America | 424.0 | 447.4 | 459.6 | 472.6 | 491.8 | 517.7 | 545.9 | 577.1 | 611.7 | 648.6 | 689.6 | 734.6 | 784.1 | 6.1% |
| MEA | 139.3 | 137.1 | 121.6 | 104.9 | 98.4 | 104.5 | 110.3 | 116.2 | 122.8 | 125.0 | 126.0 | 137.7 | 152.0 | 5.5% |
| Overall | 3,647.6 | 3,826.0 | 3,907.1 | 3,994.6 | 4,132.5 | 4,325.3 | 4,536.0 | 4,767.8 | 5,025.3 | 5,298.6 | 5,601.7 | 5,933.7 | 6,297.7 | 5.5% |
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