Asia Pacific Passive Fire Protection Market Size & Outlook
Asia Pacific passive fire protection market, 2018-2030 (US$M)
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Asia Pacific passive fire protection market highlights
- The Asia Pacific passive fire protection market generated a revenue of USD 1,659.8 million in 2023.
- The market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, cementitious materials was the largest revenue generating by product in 2023.
- Intumescent Coatings is the most lucrative by product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,659.8 million |
| Market revenue in 2030 | USD 2,572.6 million |
| Growth rate | 6.5% (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 |
| Key market players worldwide | RPM International Inc, Hilti Group, Morgan Advanced Materials PLC, Contango Ore Inc, Intertek Group PLC, 3M Co, PPG Industries Inc, Sherwin-Williams Co |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 38.4% of the global passive fire protection market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,572.6 million by 2030.
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Passive Fire Protection Market Scope
Passive Fire Protection Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 43.82% in 2023. Horizon Databook has segmented the Asia Pacific passive fire protection market based on cementitious materials, intumescent coatings, fireproofing cladding covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is expected to dominate the passive fire protection market over the forecast period owing to rising demand for the product from end-use industries including construction, oil & gas, and warehousing, particularly in China, India, and ASEAN countries. This region has a large and growing population, which has a need for housing, education, healthcare facilities, and essential infrastructure.
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Target buyers of Asia Pacific 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific passive fire protection market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific passive fire protection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific passive fire protection market size, by country, 2018-2030 (US$M)
Asia Pacific Passive Fire Protection Market Outlook Share, 2023 & 2030 (US$M)
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