South Korea Passive Fire Protection Market Size & Outlook
Global Market
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South Korea passive fire protection market highlights
- The South Korea passive fire protection market generated a revenue of USD 152.9 million in 2024 and is expected to reach USD 288.7 million by 2033.
- The South Korea market is expected to grow at a CAGR of 7.4% from 2025 to 2033.
- In terms of segment, cementitious materials was the largest revenue generating by product in 2024.
- 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 2024 | USD 152.9 million |
| Market revenue in 2033 | USD 288.7 million |
| Growth rate | 7.4% (CAGR from 2025 to 2033) |
| Largest segment | Cementitious materials |
| Fastest growing segment | Intumescent Coatings |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| 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 3.4% of the global passive fire protection market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China passive fire protection market is projected to lead the regional market in terms of revenue in 2033.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,518.8 million by 2033.
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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Publish Date: Aug 01, 2025
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Passive Fire Protection Market Scope
Passive Fire Protection Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| 3M Co | View profile | 85,000 | 3M Center, St. Paul, MN, United States, 55144 | www.3m.com |
| Hilti Group | View profile | 10001+ | Schaan, Schaan, Liechtenstein, Europe | www.hilti.group/content/hilti/CP/XX/en.html |
| Intertek Group PLC | View profile | 44,000 | 33 Cavendish Square, London, United Kingdom, W1G 0PS | www.intertek.com |
| PPG Industries Inc | View profile | 53,000 | One PPG Place, Pittsburgh, PA, United States, 15272 | www.ppg.com |
| Sherwin-Williams Co | View profile | 64,088 | 101 West Prospect Avenue, Cleveland, OH, United States, 44115-1075 | www.sherwin-williams.com |
| RPM International Inc | View profile | 17,274 | 2628 Pearl Road, P.O. Box 777, Medina, OH, United States, 44256 | www.rpminc.com |
| Morgan Advanced Materials PLC | View profile | 8,783 | Sheet Street, York House, Windsor, United Kingdom, SL4 1DD | www.morganadvancedmaterials.com |
| Contango Ore Inc | View profile | 11 | 3700 Buffalo Speedway, Suite 925, Houston, TX, United States, 77098 | www.contangoore.com |
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 Outlook will help companies and investors design strategic landscapes.
Cementitious Materials was the largest segment with a revenue share of 45.59% in 2024.
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 2021 to 2033.
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.
- South Korea Passive Fire Protection Market By Product Outlook (Revenue, USD Million , 2021-2033)
- Cementitious Materials
- Intumescent Coatings
- Fireproofing Cladding
- Others
- South Korea Passive Fire Protection Market By Application Outlook (Revenue, USD Million , 2021-2033)
- Oil & Gas
- Construction
- Industrial Plants
- Warehousing
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Passive Fire Protection Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Passive Fire Protection Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
South Korea Passive Fire Protection Market, 2021-2033 (US$M)
South Korea passive fire protection market statistics, by by product, 2021-2033 (US$M)
