Permanent Flame Retardant Fiber Market Size, Share, Growth Report 2032

Permanent Flame Retardant Fiber Market Size And Industry Analysis

The global permanent flame retardant fiber market is estimated for USD 4,371.96 Million in 2020 and is expected to reach USD 7,326.80 Million by 2028; growing at a CAGR of Permanent Flame Retardant Fiber Market will be 6.61 % from 2021 to 2028.

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Permanent flame retardant fiber consist of flame resistant properties and is used for wide range of applications which includes garments, furnishing and apparels for mining, construction & infrastructure, oil & gas, chemical and many other industries. Raw material involved in the manufacturing of the fabric is – polyester, acrylic, aramid, silk, wool and cotton. Fabric provides protection against direct & indirect exposure

COVID-19 Impact Analysis

The global permanent flame retardant fiber market was very much affected by the completed lockdown happened nationwide. The companies we remained focused on delivering value to their stakeholders and also kept the businesses running safely and shipping only essential products. The global spread of COVID-19 resulted in significant mitigation measures, which includes government-directed social distancing. Quarantines and shelter-in-place mandates, travel restrictions or bans and restricted access to certain manufacturing sites and corporate facilities. The manufactured suffered losses oil price fluctuations due in part to the global spread of COVID-19 and increase in global cases, has contributed to the unpredictability of financial markets.

Permanent Flame Retardant Fiber Market Growth Factors

Permanent flame retardant fiber‘s downstream industry include home furnishing decoration, public safety & defense services (military, police, fire fighting), and other industries such as automotive, transportation, construction, marine, aerospace. Development and expansion in the global real estate sector is the major trend driving the home furnishing decoration industry. Additionally, the increased consumer engagement in online distribution channel to purchase home furnishing products such as furniture, carpets, and floor coverings is becoming the popular trend across developing economies. In firefighting and defense services new and modified standards for personal protective equipment (PPE) has driven trend of developing innovative high-visibility disposable garments according to the specifications of third-party insurance companies and end users.

The major PPE manufacturers continues their innovations with synthetic fibers which enables development of protective garments, sleeves, and work gloves, offering maximum cut defense & protection in thinner, more durable and confortable styles. Growing population and government initiatives and policies have emerged the trend of smart cities in developing countries. The development of smart cities is driving the investment in transportation, construction, and automotive industry. Additionally, the stringent government regulations regarding employees safety in manufacturing sector in India and China is expected to offer the great opportunities for the new entrants in the industry.

Permanent Flame Retardant Fiber Market Application Segment Analysis

Home furnishing decoration under application segment was accounted for over 20.2% market share in 2017. Additionally, the Increasing incomes and living standards have caused consumers to invest more of their disposable income in new home furnishings and decorations. Domestic house fires kill and injure thousands of people around every year, around the world. Ensuring home furnishing and decorative products, of every description, comply with locally applicable requirements is a must. Moreover, increasing safety concern is one of the prominent driving factors driving home furnishing decoration.

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Permanent Flame Retardant Fiber Market Type Segment Analysis

The PBI (Polybenzimidazole) under type segment is growing at a CAGR of over 6.2% between 2021 and 2028. PBI segment held a share of over 10.39% market share of total revenue generated in 2017.PBI (Polybenzimidazole) is an organic high performance fiber in which the fiber-forming substance is a long-chain aromatic polymer having recurring imidazole groups as one of the main structural repeat Million Square Meters in the polymer backbone. Prominent properties of the fiber include superior stability, flexibility, low tenacity, toughness at elevated temperature and stiffness. Moreover, it has very high decomposition temperature and no melting point, this make them suitable for high-performance protective apparel. PBI fibers are prominent choice for very demanding applications such as protective gloves, aircraft wall fabrics, welders‘ apparel, astronaut space suits and firefighter‘s gear.

Permanent Flame Retardant Fiber Market: Report Scope

Permanent Flame Retardant Fiber Market Regional Analysis

North America held a second largest share in the permanent flame retardant fiber market. The growth is attributed due to the strict government regulation for employee safety in every industry. This is attributed to high industrialization and demand from such industries for the permanent flame retardant fiber. The rising use of Polybenzimidazole in numerous industries owing to its properties such as superior flexibility, stability, toughness at elevated temperature stiffness and low tenacity is expected to propel the market demand for Permanent Flame Retardant Fiber Market in the long run.

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Permanent Flame Retardant Fiber Market Key Market Players & Competitive Landscape

Some of the key players of permanent flame retardant fiber market are

• DowDuPont Inc.
• Solvay S.A.
• W. L. Gore & Associates GmbH
• Shaoxing Sanlida Textile Flame-Retardant New Materials Co.Ltd.
• Teijin Aramid B.V.
• TenCate Fabrics
• Delcotex
• SSM Industries Inc.
• Yantai Tayho Advanced materials Co. Ltd
• Chao Meisi New Materials Co. Ltd.
• Unifi Inc.
• Recron (Malaysia) Sdn. Bhd.
• Asahi Kasei Corp

The market players are focusing on acquisition and merger strategies to enhance their customer base and expanded distribution channels.

The global Permanent Flame Retardant Fiber Market is segmented as follows:

By Type Segment

• PI (Polyimide)
• PAI (Polyamideimide)
• M-aramid (MetaAramid)
• PEI (Polyetherimide)
• PBI (Polybenzimidazole)
• Blends
• Viscose Fibers
• Others

By Application Segment

• Public Safety and Defense Services
• Industrial
• Home Furnishing Decoration
• Others

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