Middle East & Africa Passive Fire Protection Market Size & Outlook
Middle East & Africa passive fire protection market, 2018-2030 (US$M)
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MEA passive fire protection market highlights
- The MEA passive fire protection market generated a revenue of USD 104.5 million in 2023.
- The market is expected to grow at a CAGR of 5.5% 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, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 104.5 million |
| Market revenue in 2030 | USD 152.0 million |
| Growth rate | 5.5% (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, MEA region accounted for 2.4% 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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Middle East & Africa 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 Middle East & Africa 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 demand for passive fire protection in the Middle East & Africa market is expected to witness continuous growth owing to construction of new commercial & residential building infrastructure such as skyscraper, museums, convention centers, and hotels & resorts. Saudi Arabian investments in EV production are expected to increase USD 50 billion over the next decade till 2030 and already announced two local manufacturing facilities producing EVs in the kingdom.
These manufacturers are Lucid Motors and Ceer Motors. Ceer Motors has set a production target of 170,000 cars a year. The passive fire protection system is used in electric vehicles in the form of high temperature insulating materials, as lithium-ion batteries work at high temperature. With the growth in EVs production, the passive fire protection system demand is likely to witness growth in the region.
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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 Middle East & Africa passive fire protection market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa passive fire protection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA passive fire protection market size, by country, 2018-2030 (US$M)
Middle East & Africa Passive Fire Protection Market Outlook Share, 2023 & 2030 (US$M)
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