Global Fire Protection Materials in Construction Market to Reach $14 Billion by 2030
The global market for Fire Protection Materials in Construction estimated at US$7.8 Billion in the year 2023, is expected to reach US$14 Billion by 2030, growing at a CAGR of 8.7% over the analysis period 2023-2030. Coatings, one of the segments analyzed in the report, is expected to record a 9.9% CAGR and reach US$3.9 Billion by the end of the analysis period. Growth in the Mortar segment is estimated at 8.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 12.7% CAGR
The Fire Protection Materials in Construction market in the U.S. is estimated at US$2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2030 trailing a CAGR of 12.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 7.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2 Billion by the year 2030.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook