Fire Resistant Fabrics Market
Growth Factors of Fire Resistant Fabrics Market
The fire resistant fabrics market size was valued at USD 3.38 billion in 2023, and the market is now projected to grow from USD 3.54 billion in 2024 to USD 5.44 billion by 2032, exhibiting a CAGR of 5.5% during the forecast period of 2024-2032.
The fire resistant fabrics market was impacted due to the COVID-19 pandemic outbreak that led to partial halting of production and limited operations due to local and global lockdowns. Industries such as construction equipment and manufacturing industrial wear reduced its demand for workwear. Nevertheless, the market will improve as industries stop the coronavirus outbreak and reopening them with proper safety measures for the workers, and thereafter, the market is likely to closely grow steadily as companies return to operation across the world.
Currently, the fire resistant fabric is promoted by the growing number of industries that value the safety of their employees and adherence to high standards. High-risk business operations such as oil & gas as well as manufacturing industries for chemical and metals have driven the need for protective fabrics. The ability to control and minimize fire related hazards and protect workers sustains the market constant growth in these applications.
There have been lots of improvements in the processing of fabrics to result in better fire resistant fabrics. They are – The use of nanoparticles, for instance metal oxides that provide fabrics with fire barriers while making them elastic and comfortable. Moreover, microcapsules containing phase change materials are used to incorporate in the fabrics to manage the body temperature by storing and releasing heat and this further enhances safety and comfort of the person wearing the fabric. These are aspects that are resulting to excellent and comfortable fire resisting fabrics in the market.
Comprehensive Analysis of Fire Resistant Fabrics Market
The fire resistant fabrics market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly presents a detailed local analysis based on the forces such as supply and demand which define the industry. These segmentations are methodically segregated by type analysis, by application analysis and by end-use industry analysis. By type analysis include treated and inherent. By application analysis include apparel and non-apparel. By end-use industry analysis include industrial, defense & public safety services, transport, and others.
The Asia Pacific region lead the fire resistant fabrics market share by benefitting a market size of USD 1.55 billion in 2023 due to rapid industrialization.
The top players have a significant responsibility in the chemicals & advanced materials industry for confirming industrial prospectus growth and determining the market trends. These players include, DuPont de Nemours, Inc., Lenzing AG, Teijin Ltd., TenCate Protective Fabrics, Solvay S.A., Kaneka Corporation, Milliken & Company, W. L. Gore & Associates, Inc., Indorama Ventures Fibers Germany, Taiwan K.K. Corporation these market players provide a level-playing competitive landscape.
In October 2023, Lenzing Group introduced the Lenzing Fiber Identification System for LENZING FR fibers to ensure traceability and quality in protective wear.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 5.5% from 2024-2032
Unit Volume (Million SQ. Meter), Value (USD Billion)
Segmentation
By Type
- Treated
- Inherent
By Application
- Apparel
- Non-Apparel
By End-Use Industry
- Industrial
- Defense & Public Safety Services
- Transport
- Others
By Country
- North America (By Application and Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
- Europe (By Application and Country)
- Germany (By Application)
- U.K. (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Rest of Europe (By Application)
- Asia Pacific (By Application and Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- South Korea (By Application)
- Rest of Asia Pacific (By Application)
- Latin America (By Application and Country)
- Brazil (By Application)
- Rest of Latin America (By Application)
- Middle East & Africa (By Application and Country)
- GCC (By Application)
- South Africa (By Application)
- Rest of the Middle East & Africa (By Application)
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