China Passive Fire Protection Market Size & Outlook
China passive fire protection market, 2018-2030 (US$M)
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China passive fire protection market highlights
- The China passive fire protection market generated a revenue of USD 715.3 million in 2023 and is expected to reach USD 1,187.6 million by 2030.
- The China market is expected to grow at a CAGR of 7.5% 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.
Passive fire protection market data book summary
| Market revenue in 2023 | USD 715.3 million |
| Market revenue in 2030 | USD 1,187.6 million |
| Growth rate | 7.5% (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, China accounted for 16.5% 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 Asia Pacific, China passive fire protection market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,187.6 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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China 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 45.49% in 2023. Horizon Databook has segmented the China passive fire protection market based on cementitious materials, intumescent coatings, fireproofing cladding covering the revenue growth of each sub-segment from 2018 to 2030.
Abundant raw material availability and low production costs are expected to drive the passive fire protection market growth in China. The rising population in the region, coupled with growing urbanization, has led to infrastructure development in the country.
Factors, such as tightening regulatory norms and the growing concerns regarding fire safety, have propelled the construction of fire-safe energy-efficient green buildings in China. Rapid urbanization in China is one of the primary factors boosting the growth of construction sector.
In addition to that, China is likely to emerge as one of the promising markets for industrial buildings due to favorable government policies promoting investments in manufacturing sector. Moreover, the Ministry of Housing and Urban-Rural Development (MOHURD) has issued a notice for the renewal of urban construction in the country in 2020.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the China passive fire protection market , including forecasts for subscribers. This country databook contains high-level insights into China passive fire protection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China passive fire protection market size, by by product, 2018-2030 (US$M)
China Passive Fire Protection Market Outlook Share, 2023 & 2030 (US$M)
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