Fire Resistant Fabrics Market To Reach USD 6.8 Billion By 2027 | CAGR 5.1% – Forencis Research

Fire Resistant Fabrics Market - Global Industry Analysis and Forecast 2020 to 2027

Global Fire Resistant Fabrics Market: Key Highlights

  • According to the new market research report Fire Resistant Fabrics Market by Type (Treated and Inherited), by Application (Apparel and Non-apparel), by End-Use (Military & Defense, Oil & Gas, Construction, Manufacturing, Transportation and Others)), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast (2020 to 2027)”, the global fire resistant fabrics market is estimated to reach USD 6.8 Billion by 2027 at a CAGR of 5.1% within the forecast period.
  • Fire resistant fabrics are the protective clothing material, which aims to offer higher protection from the explosion, fire, flame and sparks.
  • It has unique chemical structure that helps in resisting the fire and flame
  •  It is exclusively used in production personal protective clothing, shield, work wear, firefighting uniforms, boots, upholstery and other non-wearable things

Fire Resistant Fabrics Market Global Fire Resistant Fabrics Market: Key Market Dynamics

  • The rise in the fire accidents across industries and manufacturing plant drives the demand for protective clothing, driving the fire resistant fabric market
  • Stringent regulation for enhancing worker’s safety worldwide by further fuels the market growth
  • Higher cost of these fabric owing to unique raw material and excellent ability to resist the fire hinders the market growth
  • Emergence of Toxins-Free and Environment Friendly (FR) Fabrics acting as the market opportunity

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Global Fire Resistant Fabrics Market: Regional Overview

  • North America

Growing demand for fire resistance clothing in the North America owing to rise in fire accidents across the region. The U.S Fire Administration stated that, 1,318,500 people met fire accident in 2018, resulting into death of 3,655 people accounting to loss of USD 25.6 billion.  Growing oil & gas industry in the North America, is driving the demand for fire resistant clothing. Increasing demand for energy coupled with development in the areas of tight oil and unconventional natural gas resources with expansion of the energy infrastructure is driving the market growth. Increasing industrial production, coupled with growing shale gas exploration activities in the region, prospers the oil and gas industry. This, in turn, raises the demand for protective clothing, favoring the fire resistant fabric market

  • Asia-Pacific

In Asia-Pacific, the fire resistant fabrics market is growing owing rising demand from the automotive and aerospace industries. The National Crime Records Bureau (NCRB), India revealed that 35 Indians die on everyday basis due to fire accidents. Booming automotive industry in the emerging market of the region is fueling the demand for fire resistant fabric from the transportation. Rapidly growing chemical and oil and gas sector in the Asia-Pacific, an outcome of ongoing industrialization demanding varied chemicals with growing demand for energy, fuels the market demand.

Global Fire Resistant Fabrics Market: Key Players Overview

  • DuPont:

DuPont is the US based company operates globally through its five core business verticals: electronics & imaging; nutrition & biosciences; transportation & industrial; safety & construction, and non-core. The company has strong foothold in Asia-Pacific, Europe Middle East & Asia (EMEA), Latin America and US & Canada. The company provides Nomex, a lightweight, comfortable fabric solutions to meet the stringent performance standards across manufacturing, transportation, oil & gas and different industries. In April 2018, the company announced the plan regarding addition of Nomex Filament Yarn capacity with investment over USD 60 million at Asturias site in Spain.

  • TEIJIN LIMITED:

Tejin Limited is the chemical, pharmaceutical and information technology company based in Tokyo, Japan. The company functions through its material and healthcare business segments. The material segment includes aramid fibers, carbon fibers, resin & plastic processing and films. The fire resistance fiber range includes High Strength Para-aramid Twaron, High Strength Para-aramid Technora, and High Heat-resistant Meta Aramid Teijinconex among others. In April 2018, the company introduced Teijinconex Coolnex Stretch: a unique flame resistant and durable stretch fabric for EMEA region.

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Rep Id : CM 0165

Published : 2020-09-24

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