South Korea Passive Fire Protection Market Size & Outlook
South Korea passive fire protection market, 2018-2030 (US$M)
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South Korea passive fire protection market highlights
- The South Korea passive fire protection market generated a revenue of USD 144.0 million in 2023 and is expected to reach USD 229.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.9% 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 144.0 million |
| Market revenue in 2030 | USD 229.5 million |
| Growth rate | 6.9% (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, South Korea accounted for 3.3% 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 |
|---|
South Korea 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 42.64% in 2023. Horizon Databook has segmented the South Korea passive fire protection market based on cementitious materials, intumescent coatings, fireproofing cladding covering the revenue growth of each sub-segment from 2018 to 2030.
According to the data published by International Trade Administration in November 2023, South Korea has emerged as a leading manufacturing economy and its manufacturing sector is likely to remain competitive in coming years. In addition to that, to exploit its manufacturing capabilities the South Korean government has been undertaking various policy measures.
For example, in September 2022, South Korean Ministry has announced the comprehensive road map to increase country share to 12% of World’s EV market by 2030.
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Target buyers of South Korea 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea passive fire protection market , including forecasts for subscribers. This country databook contains high-level insights into South Korea passive fire protection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea passive fire protection market size, by by product, 2018-2030 (US$M)
South Korea Passive Fire Protection Market Outlook Share, 2023 & 2030 (US$M)
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