Saudi Arabia Passive Fire Protection Market Size & Outlook
Saudi Arabia passive fire protection market, 2018-2030 (US$M)
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Saudi Arabia passive fire protection market highlights
- The Saudi Arabia passive fire protection market generated a revenue of USD 40.8 million in 2023 and is expected to reach USD 60.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.8% 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 40.8 million |
| Market revenue in 2030 | USD 60.7 million |
| Growth rate | 5.8% (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, Saudi Arabia accounted for 0.9% 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 Middle East & Africa, Saudi Arabia passive fire protection market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 60.7 million by 2030.
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Passive Fire Protection Market Scope
Passive Fire Protection Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 40.93% in 2023. Horizon Databook has segmented the Saudi Arabia 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 kingdom of Saudi Arabia, under its Vision 2030, has announced a reform program. The country is expected to exhibit robust economic growth owing to the implementation of structural reforms. The construction industry in Saudi Arabia has been witnessing heavy growth from last decade.
In November 2023, Saudi Arabia’s mega project NEOM proclaimed to upscale the coastal destination in the northwest Saudi Arabia by unveiling two futuristic coastal skyscrapers. It involves construction of two skyscrapers with approximate heights of 225 meters and 275 meters, housing a premium of 41-hotels, 14-suites, and apartments
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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 country-level data and insights on the Saudi Arabia passive fire protection market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia passive fire protection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia passive fire protection market size, by by product, 2018-2030 (US$M)
Saudi Arabia Passive Fire Protection Market Outlook Share, 2023 & 2030 (US$M)
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