Spain Passive Fire Protection Market Size & Outlook
Spain passive fire protection market, 2018-2030 (US$M)
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Spain passive fire protection market highlights
- The Spain passive fire protection market generated a revenue of USD 50.1 million in 2023 and is expected to reach USD 67.4 million by 2030.
- The Spain market is expected to grow at a CAGR of 4.3% 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 50.1 million |
| Market revenue in 2030 | USD 67.4 million |
| Growth rate | 4.3% (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, Spain accounted for 1.2% 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 Europe, Germany passive fire protection market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 268.5 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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Spain 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 40.72% in 2023. Horizon Databook has segmented the Spain passive fire protection market based on cementitious materials, intumescent coatings, fireproofing cladding covering the revenue growth of each sub-segment from 2018 to 2030.
Major industries in Spain include textiles, food & beverage, metals, chemicals, and shipbuilding. These industries have experienced steady growth for the past couple of years. Construction industry in the country has witnessed a rebound owing to economic recovery and increased foreign investments, following the years of severe recession.
Despite the higher prices of building materials, the Spanish construction sector has been showing satisfactory growth in 2024. This satisfactory growth of 2.5% can be attributed to the renovation fueled by stricter building energy efficiency regulations. This aid program for energy rehabilitation actions in existing buildings (PREE) aims to boost the sustainability of the existing buildings.
Further, the commencement of new projects in the manufacturing industry is generating the demand for construction industry
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain passive fire protection market , including forecasts for subscribers. This country databook contains high-level insights into Spain passive fire protection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain passive fire protection market size, by by product, 2018-2030 (US$M)
Spain Passive Fire Protection Market Outlook Share, 2023 & 2030 (US$M)
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