Fire Resistant Fabrics Market Size | Uses, Price, Growth, Key Players, Development Strategy, Sales Revenue and Forecast 2023


Posted June 23, 2020 by Sidhant18

Fire Resistant Fabrics Market Size | Uses, Price, Growth, Key Players, Development Strategy, Sales Revenue and Forecast 2023
 
Global fire resistant fabrics market research information: type (treated fire resistant fabrics,), application (apparel, apparel) end-user industry (Oil & Gas, Building & Construction, defense and Others) – Forecast till 2023

fire-resistant fabrics Major Players

Royal TenCate N.V., Gun EI Chemical Industry Co., Ltd, Kaneka Corporation, Westex By Milliken, Lenzing AG, Huntsman Corporation, Kaneka Corporation, W. L. Gore Associates Inc., Teijin Ltd, PBI Performance Products Inc., E.I. DuPont De Nemours and Company, and Solvay S.A.

fire-resistant fabrics Recent Updates

Milliken, the US-based industrial manufacturer took over the Westex, a flame-resistant fabric giant. The company stated that this acquisition would fortify their product portfolio. Westex had introduced various brands in the years comprising TrueComfort, UltraSoft, UltraSoft AC, Vinex, Indura, and Moda-Quilt.

fire-resistant fabrics Market Insights

The global market for fire-resistant fabrics is set to be a rewarding market and is anticipated to witness a considerable CAGR over the forecast period, according to Market Research Future. Fire-resistant fabrics are a type of fabrics designed to resist heat and combustion. Increasing labor safety regulations, coupled with the growing adoption of the industrial sector, are the main factors in the global market for fire-resistant fabrics.

Fire Resistant Fabrics Market Size are widely used in a variety of end-use industries such as construction, oil and gas, firefighting, military, and defense, among others. In addition, the development of environmentally friendly, low-toxicity and smoke-resistant fabrics would be the main investment opportunity in the coming years. Growing occurrences of fire break-out owing to short circuits have motivated manufacturers to make home-based fabrics such as curtains out of fire-resistant fabrics.

The low cost of fire-resistant treated fabrics is expected to contribute significantly to the growth of the thread. Among applications, apparel is expected to be the dominant segment due to the increasing demand for flame protection clothing in sectors such as oil and gas, construction and defense, among others. In addition, increased applications in tents, garden furniture, sports bags, glove cuffs, and others should increase the demand for fire-resistant fabrics.

However, the volatile cost of raw materials and the high cost of production may hinder market growth over the period evaluated.

fire-resistant fabrics Market Segmentation

The global market for fire-resistant fabrics is segmented by type, application, and end-user.

Based on this type, the market is divided into inherent fire-resistant fabrics, and fire-resistant treated fabrics.

The market for fire-resistant fabrics on the basis of application is classified into clothing and non-clothing.

The end-user segment is further separated into oil and gas, construction and infrastructure, public safety and defense, transportation and others.

fire-resistant fabrics Regional Outlook

The Asia Pacific region holds the majority of the market and is expected to be the fastest-growing region, with an encouraging compound annual growth rate. Increasing urbanization and globalization in developing countries are leading the growth of the fire-resistant fabric market. In addition, the growing construction industry and the oil and gas industry in countries such as India and China are increasing the demand for fire-resistant fabrics, which in turn is driving the growth of market.

North America is another dominant region in the global market with a high CAGR. The increasing acceptance of fire-resistant fabrics in end-user-developed industries is a major driver of market growth. In addition, the growth of oil and gas activities in the region, combined with the development of the transportation sector, is also contributing to growth. Increasing technological progress in the region and the development of research and development activities to produce environmentally friendly fire-resistant fabrics are expected to have a positive impact on market growth.

The European market is experiencing significant growth due to health sector development and firefighting. The presence of the largest manufacturers of fire-resistant fabrics, combined with growing concerns about workplace safety, has boosted market growth. The main countries behind this growth are Italy, Germany, France, and the United Kingdom, among others.
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Categories Business
Tags Fire Resistant Fabrics Market
Last Updated June 23, 2020