North America Passive Fire Protection Market Size & Outlook
North America passive fire protection market, 2018-2030 (US$M)
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North America passive fire protection market highlights
- The North America passive fire protection market generated a revenue of USD 911.3 million in 2023.
- The market is expected to grow at a CAGR of 5.1% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 911.3 million |
| Market revenue in 2030 | USD 1,291.0 million |
| Growth rate | 5.1% (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, North America region accounted for 21.1% 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 |
|---|
North 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 41.27% in 2023. Horizon Databook has segmented the North 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.
North America held a significant share of the passive fire protection market in 2023 on account of commencement of various construction projects such as in aerospace & defense industry coupled with the growing consumer awareness regarding fire safety.
According to Aerospace Industries Association’s 2022 report, the aerospace and defense industry’s sales revenue has increased to USD 892 billion, a 2.1% increase from the previous year. Also, the exports of the industry have increased by 11.2% in 2021.
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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 North America passive fire protection market , including forecasts for subscribers. This continent databook contains high-level insights into North America passive fire protection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America passive fire protection market size, by country, 2018-2030 (US$M)
North America Passive Fire Protection Market Outlook Share, 2023 & 2030 (US$M)
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