Thailand Passive Fire Protection Market Size & Outlook
Thailand passive fire protection market, 2018-2030 (US$M)
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Thailand passive fire protection market highlights
- The Thailand passive fire protection market generated a revenue of USD 67.3 million in 2023 and is expected to reach USD 97.5 million by 2030.
- The Thailand 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.
Passive fire protection market data book summary
| Market revenue in 2023 | USD 67.3 million |
| Market revenue in 2030 | USD 97.5 million |
| Growth rate | 5.5% (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, Thailand accounted for 1.6% 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 |
|---|
Thailand 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 42.5% in 2023. Horizon Databook has segmented the Thailand passive fire protection market based on cementitious materials, intumescent coatings, fireproofing cladding covering the revenue growth of each sub-segment from 2018 to 2030.
With the growth in the urbanization, the demand for residential, industrial, and commercial buildings has been rising in Thailand. The private and government has been actively investing heavily in the construction of skyscrapers and public infrastructure such as healthcare and educational facilities.
The growth in commercial construction is propelled by high demand for restaurants, shopping hubs, and hotels to accommodate the rising flow of foreign tourists from China and other ASEAN countries.
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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 Thailand passive fire protection market , including forecasts for subscribers. This country databook contains high-level insights into Thailand passive fire protection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand passive fire protection market size, by by product, 2018-2030 (US$M)
Thailand Passive Fire Protection Market Outlook Share, 2023 & 2030 (US$M)
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