Malaysia Passive Fire Protection Market Size & Outlook
Malaysia passive fire protection market, 2018-2030 (US$M)
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Malaysia passive fire protection market highlights
- The Malaysia passive fire protection market generated a revenue of USD 45.8 million in 2023 and is expected to reach USD 56.6 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 3.1% 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.
Passive fire protection market data book summary
| Market revenue in 2023 | USD 45.8 million |
| Market revenue in 2030 | USD 56.6 million |
| Growth rate | 3.1% (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, Malaysia accounted for 1.1% 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 |
|---|
Malaysia 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 44.1% in 2023. Horizon Databook has segmented the Malaysia 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 Twelfth Malaysia Plan (2021-2025), a five-year development plan by the government, is expected to boost the number of construction projects in the transport & logistics sector and be a crucial driving factor for growth in investments in infrastructure development, thereby driving the market growth.
The expansion of the transportation network is expected to boost industrialization in the country, thus driving industrial construction and consequently driving the passive fire protection demand over the forecast period.
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Target buyers of Malaysia 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 country-level data and insights on the Malaysia passive fire protection market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia passive fire protection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Malaysia passive fire protection market size, by by product, 2018-2030 (US$M)
Malaysia Passive Fire Protection Market Outlook Share, 2023 & 2030 (US$M)
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