Latin America Passive Fire Protection Market Size & Outlook
Latin America passive fire protection market, 2018-2030 (US$M)
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Latin America passive fire protection market highlights
- The Latin America passive fire protection market generated a revenue of USD 517.7 million in 2023.
- The market is expected to grow at a CAGR of 6.1% 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, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 517.7 million |
| Market revenue in 2030 | USD 784.1 million |
| Growth rate | 6.1% (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, Latin America region accounted for 12.0% 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 |
|---|
Latin America 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 40.82% in 2023. Horizon Databook has segmented the Latin America passive fire protection market based on cementitious materials, intumescent coatings, fireproofing cladding covering the revenue growth of each sub-segment from 2018 to 2030.
The positive growth of manufacturing industry in the region is expected to propel the demand for various passive fire safety products in the region thereby augmenting the market growth. In the region, economies such as Panama and Puerto Rico are backed with significant regulations related to building codes and fire protection.
Puerto Rico made it mandatory to undertake certain analyses be performed, including those on the building's exterior fenestration area, fire separation from neighboring structures, and the building's floor, walls, and roof. Fire protection requirements are also recommended based on the code analysis which results in encouraging product demand.
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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 continent-level data and insights on the Latin America passive fire protection market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America passive fire protection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America passive fire protection market size, by country, 2018-2030 (US$M)
Latin America Passive Fire Protection Market Outlook Share, 2023 & 2030 (US$M)
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