Canada Passive Fire Protection Market Size & Outlook
Canada passive fire protection market, 2018-2030 (US$M)
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Canada passive fire protection market highlights
- The Canada passive fire protection market generated a revenue of USD 93.5 million in 2023 and is expected to reach USD 135.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.4% 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.
Passive fire protection market data book summary
| Market revenue in 2023 | USD 93.5 million |
| Market revenue in 2030 | USD 135.2 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Cementitious materials |
| Fastest growing segment | Intumescent Coatings |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 2.2% of the global passive fire protection market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. passive fire protection market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 103.6 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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Canada 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 40.86% in 2023. Horizon Databook has segmented the Canada passive fire protection market based on cementitious materials, intumescent coatings, fireproofing cladding covering the revenue growth of each sub-segment from 2018 to 2030.
According to the United Nations Department of Economic and Social Affairs (UNDESA), Canada’s population is expected to reach 37.6 million by 2020 and 40.3 million by 2030. The population growth in Canada is expected to significantly boost residential construction sector over the forecast period. Unlike the U.S., Canada is expected to witness a strong surge in demand for multi-family housing compared to single-family housing.
The government’s efforts and investments to provide affordable housing to the lower classes through the Affordable Housing Initiative (AHI) and the Canada Mortgage and Housing Corporation (CMHC) program are anticipated to further boost residential construction in the country. In residential & commercial buildings, the passive fire protection system is used to slow down the spread of fire, thereby improves the safety rating of the building.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada passive fire protection market , including forecasts for subscribers. This country databook contains high-level insights into Canada passive fire protection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada passive fire protection market size, by by product, 2018-2030 (US$M)
Canada Passive Fire Protection Market Outlook Share, 2023 & 2030 (US$M)
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