Fire Resistant Fabric Market Size, Share, Growth Report 2032

Global Fire Resistant Fabric Market Industry Perspective:

The global fire resistant fabric market was worth around USD 3285.9 million in 2021 and is estimated to grow to about USD 4634.7 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.9 percent over the forecast period. The report analyzes the fire resistant fabric market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the fire resistant fabric market.

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Fire Resistant Fabric Market: Overview

Fire resistant fabrics are essential in developing fire resistant clothing and safety equipment for multiple uses. Some of the most prominent industries that utilize fire resistant fabrics are chemical, oil & gas, and electrical where the risk of fire and explosions is high and the companies need to ensure the safety of their employees operating in these risky environments.

 Increasing stringent regulation for industrial safety, rising demand for safety equipment, increasing research and development for fire safety, increasing risk factors due to heavy machinery, etc. are some of the major factors that will drive the fire resistant fabric market growth through 2028.

However high costs associated with manufacturing of these fire resistant fabrics is anticipated to be a major constraint for the global fire resistant fabric market growth in the long run through 2028

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COVID-19 Impact:

The COVID-19 pandemic led to the downfall of the fire resistant fabric market owing to shuttering of almost all of the global industrial sector. Lockdown restrictions across the world made it impossible for the manufacturing and industrial sectors to function and since this is a major end use vertical for this market its closure had a drastically negative impact on the growth trend and resulted in losses for fire resistant fabric companies.

Demand and supply chain gaps, shortage of raw materials, inadequate availability of skilled labor, strict restrictions prohibiting outdoor activity, and closure of multiple sales and distribution channels are being the key factors that restrained market potential in the pandemic.

The lockdown restrictions are being lifted on a global scale as the pandemic becomes an endemic and manageable health condition. Industrial activity is resuming and this is expected to prove as good news for the fire resistant fabric market as demand for safety equipment will once again regain its normal stance.

Fire resistant fabric Market: Growth Drivers

Increasing Stringent Safety Regulations

As the risk factor of operating in an industrial environment is increasing so is the demand for industrial protective clothing and this will majorly influence the global fire resistant fabric market potential through 2028. Governments across the world are issuing strict laws to ensure the safety of workers in these adverse environments and reduce the risks of accidents and mishaps that would lead to catastrophic life loss which is possible. Rising focus on safety and increasingly strict government safety regulations and inspections are expected to bolster the growth of fire resistant fabric market over the forecast period.

Fire resistant fabric Market: Restraints

High Manufacturing Costs to Hinder growth

Fire resistant fabric manufacturing is one of the most intensive tasks and it is known to incur huge costs and hence the increase in the price of the end product as well. High costs of raw materials and high costs of advanced machinery are other factors that pile on a more hefty price tag for manufacturing of these fire resistant fabric. Fluctuation in energy prices and changing economic landscape of the world is expected to be a major restraint for the global fire resistant fabric market growth through 2028. The fire resistant fabric companies are focusing on reducing these costs to boost sales and increase revenue potential via different strategies.

Global Fire Resistant Fabric Market: Segmentation

The global fire resistant fabric market is segregated based on type, end use industry, application, and region.

By end use industry, the fire resistant fabric market is segmented into industrial, defense & public safety services, transportation, railway, aerospace, marine, automotive, others. The industrial segment is projected to be the most lucrative one for the fire resistant fabric market and is expected to maintain a dominant outlook over the forecast period owing to rising demand for safety equipment in industries.

Report Scope:

Recent Developments

• In November 2020 – Teijin Aramid a leading name in the premium aramids marketplace announced that they were working on the development of new aramid fibers from natural and renewable materials to attain sustainability goals. These fibers are highly used in fire resistance protective clothing manufacture.

Regional Landscape

Asia Pacific region will be leading the global fire resistant fabric market in terms of revenue and volume share and see exponential growth over the forecast period owing to rising investments in the industrial sector of this region. High proliferation of industries such as oil & gas, automotive, infrastructure, chemical, and steel, the demand for fire resistant fabric will see a bright outlook through 2028. Rapid industrialization and low operational costs are expected to provide lucrative opportunities for fire resistant fabric companies over the forecast. Emerging economies like India and China are expected to be at the helm of the fire resistant fabric market growth trend for this region.

The market for fire resistant fabric in North America and Europe will also exhibit a good demand outlook but is expected to be limited to an extent due to the saturation of industries and technologies. Increasing safety regulations and rising focus on industrial safety are major trends that drive fire resistant fabric market growth in this region through 2028.

Competitive Landscape

Some of the main competitors dominating the global fire resistant fabric market include -  E.I. DuPont De Nemours and Company (U.S.), Kaneka Corporation (Japan), PBI Performance Products Inc. (U.S.), Royal TenCate N.V. (Netherlands), Teijin Ltd. (Japan), Westex By Milliken (U.S.), Gun EI Chemical Industry Co., Ltd. (Japan), Huntsman Corporation (U.S.), Lenzing Ag (Austria), Solvay S.A. (Belgium), W. L. Gore Associates Inc. (U.S.), among others.

The Global Fire Resistant Fabric market is segmented as follows:

Global Fire Resistant Fabric Market By Type

• Treated Fire-resistant fabrics
• Inherent Fire-resistant fabrics

By End Use Industry

• Industrial
• Defense & Public Safety Services
• Transport
• Railway
• Aerospace
• Marine
• Automotive
• Others

By Application

• Apparel
• Non-apparel

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa