U.S. Passive Fire Protection Market Size & Outlook
U.S. passive fire protection market, 2018-2030 (US$M)
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U.S. passive fire protection market highlights
- The U.S. passive fire protection market generated a revenue of USD 747.3 million in 2023 and is expected to reach USD 1,052.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 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 747.3 million |
| Market revenue in 2030 | USD 1,052.2 million |
| Growth rate | 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, U.S. accounted for 17.3% 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 North America, U.S. passive fire protection market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 103.6 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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U.S. 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 41.34% in 2023. Horizon Databook has segmented the U.S. passive fire protection market based on cementitious materials, intumescent coatings, fireproofing cladding covering the revenue growth of each sub-segment from 2018 to 2030.
Passive fire protection system is used in the residential, commercial, and industrial buildings to prevent or slow down the rate of fire spread thereby offers protection to the structural elements. According to the report published by U.S. Census Bureau in January 2024, monthly construction spending for the month of November 2023 has remained 0.4% higher than the October 2023 spending.
The report also observed that, construction spending in the U.S. has been continuously increasing from the October 2022 and reached to USD 2,050.1 billion in November 2023.
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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 U.S. passive fire protection market , including forecasts for subscribers. This country databook contains high-level insights into U.S. passive fire protection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. passive fire protection market size, by by product, 2018-2030 (US$M)
U.S. Passive Fire Protection Market Outlook Share, 2023 & 2030 (US$M)
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