The fire-resistant fabrics market is projected to grow from USD 3.5 billion in 2023 to USD 4.9 billion by 2028, at a CAGR of 6.6% during the forecast period. This research report covers major aspects of the industry including drivers, restraints, historical and current trends, regulatory scenarios, and technological advancements. It provides the industry overview with fire-resistant fabrics market growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The market growth is primarily driven by factors such as stringent regulations and standardization pertaining to safety at the workplace, increased demand from industries such as chemicals, construction, and oil & gas, and urbanization & infrastructure development.
Treated segment is expected to account for the largest share in 2022
By type, the fire-resistant fabrics market has been segmented into treated fire-resistant fabrics and inherent fire-resistant fabrics. These treated fire-resistant fabrics’ chemical makeup does not make them fire resistant. With the use of several chemicals, they are made fire-resistant. Chemical additives are used to treat fabrics so that the fibers are fire resistant. These fabrics depend on chemical reactions to put out fires when exposed to fire. Through use or laundry, the treated fabric’s fire-resistant feature may lose some of its effectiveness.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=185633312
Stringent regulations for workplace safety are driving the demand in apparel application in fire-resistant fabrics market
By application, the fire-resistant fabrics market has been segmented into apparel applications and non-apparel applications. Due to the significant demand for protective clothing across a variety of end-use industries, including oil & gas, construction, and manufacturing, the dominance of the apparel application is anticipated to persist over the projection period. Workers in various essential industries, including oil & gas, construction, manufacturing, and others, frequently wear protective garments when they are exposed to dangerous working circumstances. Each local government in a nation has established strict rules requiring businesses to adhere to PPE standards for workers’ or employees’ safety.
Industrial segment is projected to be the fastest-growing market in the fire-resistant fabrics market
By end-use industry, the fire-resistant fabrics market has been segmented into industrial, defense & public safety services, transport, and others. The market for industrial end-use fire-resistant fabrics in Asia Pacific is anticipated to experience the greatest CAGR in terms of volume during the forecast period. The expansion of various new manufacturing industries in China and India’s rising economies is largely to blame for the region’s rapid growth. Because the economy is only slowly expanding, the manufacturing sector is expanding steadily in industrialized nations like the US and Germany. As a result, the market for fire-resistant materials in the industrial segment is anticipated to rise a bit.
Asia Pacific is expected to account for the largest share in 2022
Asia Pacific, North America, Europe, the Middle East, and South America have all been examined for the fire-resistant fabric market. China is the biggest market for fire-resistant textiles in the Asia Pacific region and is projected to have a sizeable market share over the forecast period. The market for fire-resistant textiles is rapidly growing in Asia Pacific countries including China, India, Japan, and South Korea as a result of the escalating demand from sectors like chemicals, construction, and oil & gas.
Get a Sample Copy of This Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=185633312
Fire-Resistant Fabrics Companies
The fire-resistant fabrics market is evolving, with major players playing a vital role in developing new and advanced products. DuPont de Nemours, Inc. (US), Teijin Ltd. (Japan), Royal TenCate N.V. (Netherlands), Kaneka Corporation (Japan), PBI Performance Products Inc. (US), Milliken & Company (US), Gun-Ei Chemical Industry Co., Ltd. (Japan), Huntsman Corporation (US), Lenzing AG (Austria), Solvay SA (Belgium), and W.L. Gore & Associates Inc. (US) are key players in the fire-resistant fabrics market. These players have adopted various growth strategies to strengthen their position in the market. These include new product launches, mergers and acquisitions, contracts, partnerships, and product development activities to further expand their presence in the fire-resistant fabrics market.
DuPont de Nemours, Inc.
One of the top producers and creators of sophisticated materials, textiles, polymers, and numerous industrial products worldwide is DuPont de Nemours, Inc. The corporation is listed on the stock exchanges in India, Europe, and the US. The business produces goods including adhesives, cutting-edge printing solutions, building supplies, consumer goods, electronic & industrial, textiles, fibers & nonwovens, medical solutions, etc. The company divides its clientele into three groups: corporate and others, water protection, and electronics & industrial. The industrial solutions sub-segment of the electronics & industrial market is where the company sells fire-resistant fabrics. The business has multiple subsidiaries spread throughout 50 nations, manufacturing facilities, and R&D facilities in 25 nations worldwide across the continents of Asia Pacific, North America, Europe, the Middle East & Africa, and South America.
In May 2020, DuPont Personal Protection launched a new product, face coverings which are made with NOMEX in response to the protection needs of COVID-19 workers. These face coverings are proven to be flame resistant, lightweight, and highly durable, providing comfort and protection.
Lenzing AG
Lenzing AG produces textile-related products. The business manufactures synthetic cellulose fibers for use in technical fibers, nonwovens, and textiles. The business is listed on the Australian Securities Exchange. The company’s products are used in a variety of applications, including biorefinery and co-products, nonwoven applications, industrial applications, home textiles, garment applications, and home textiles. Three business segments, including fiber, pulp, and others, make up the company’s operations. Through its fiber section, the business sells fabrics that resist fire. The company has sales offices in 15 countries worldwide, spread over the regions of Asia Pacific, North America, Europe, Middle East & Africa, and South America. It also has five significant production sites and nine R&D centers.
Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=185633312
In November 2020, Lenzing AG introduced block chain technology. The block chain technology allows the traceability of textiles across all stages of production and sales back to the fibers. With this technology the customers, partners, and consumers now have an overview of the entire textile supply chain.
Teijin Ltd.
Teijin Ltd. is one of the world’s leading manufacturers and suppliers of technical textiles, medical products, industrial textiles, and garment materials. The business has a listing on the Japan Stock Exchange. The business is engaged in the development of aramid, resin flame retardant and additives, carbon fibers, and product conversion, as well as in the fields of engineering, health care, IT, and the environment. The business of the corporation is divided into five segments: materials, fibers and product conversion, healthcare, information technology, and others. The business’s materials division sells fabrics that are fire-resistant. The corporation has manufacturing locations in more than 15 different nations across 20 different continents, including Asia Pacific, North America, Europe, South America, and the Middle East and Africa.
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media ContactCompany Name: MarketsandMarkets™ Research Private Ltd.Contact Person: Mr. Rohan SalgarkarEmail: Send EmailPhone: 18886006441Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445City: FloridaState: FloridaCountry: United StatesWebsite: https://www.marketsandmarkets.com/Market-Reports/fire-resistant-fabric-market-185633312.html
