Fire Resistant Fabric Market Size & Share Expanding Across the Globe by 2016-2024
Zion Market Research has published a new report titled “Fire Resistant Fabric Market by Type (FR Viscose, FR Cotton, FR Nylon, FR Polyester, PBI, Aramid, Modacrylic, Polyamide, and Others), by Application (Non-Apparel and Apparel), and by End-use (Oil & Gas, Construction & Manufacturing, Chemicals, Mining, Defense & Public Safety Services, Aircraft, Marine, Automotive, Railways, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024”. According to the report, global fire resistant fabric market was valued at USD 4.26 billion in 2017, is expected to reach USD 6.03 billion in 2024 and is anticipated to grow at a CAGR of 5.1% between 2018 and 2024.
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Due to the versatile properties of fire resistant fabric, it is widely used in the various end-user industries. Fire resistant fabrics are the fabric which has high resistance to temperature and fire. Due to the various technological advancements in fire resistant fabric, it is extensively adopted by several end-user industries across the globe. These fire resistant fabrics are used in industries like chemical, transportation, mining, and others.
The global fire resistant fabric market is estimated to witness a significant growth in the near future, due to the increasing demand from the chemical and automotive industries. Moreover, the growing demand for fire resistant fabric in the transportation industry across the world is having the most prominent influence on the global fire resistant fabric market. In the marine industry, fire resistant fabrics are used in marine hull reinforcement and marine cordage. Therefore, this is likely to enhance the fire resistant fabric market growth in the future. However, fluctuating raw material prices of fire-resistant fabrics are expected to restrain the fire resistant fabric market. On the other hand, increasing research & development and technological advancements in fire resistant fabric is projected to propel the market growth in the upcoming years.
Fire resistant fabric market classified on the basis of type, application, end-use industry, and regions. On the basis of type, the global fire resistant fabric market is segmented into FR viscose, FR cotton, FR nylon, FR polyester, PBI, aramid, modacrylic, polyamide, and others. Aramid has been widely used in several industries. In the aircraft industry, aramid fibers are used for ballistic-rated body armor fabric and ballistic composites. This is expected to propel the fire resistant fabric market growth. On the basis of applications, the market is segmented into non-apparel and apparel. Furthermore, the non-apparel application is sub-segmented into household & industrial and interior fabric for transportation, and apparel segment is sub-segmented into protective clothing. Apparel segment is expected to be the dominating application and is anticipated to show significant growth in the near future. Fire resistant fabric in apparel is used for manufacturing the protective clothing that offers protection from direct exposure to explosion, fire, or arc fire. Moreover, the non-apparel segment is projected to grow substantially in the forecast period. End-use industries of fire resistant fabric include oil & gas, construction & manufacturing, chemicals, mining, defense & public safety services, aircraft, marine, automotive, railways, and others. Growing chemical industry in the emerging economies is expected to boost the demand for fire resistant fabric market.
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In 2017, the Asia Pacific accounted for the highest market share for the global fire resistant fabric market. The Asia Pacific and Latin America is projected to be the fastest growing regional markets for fire resistant fabric and is anticipated to continue its dominance in the upcoming years. Increasing construction activities in the developing countries of Asia Pacific like India and China are estimated to escalate the fire resistant fabric market in the upcoming years. Growing automotive industry in Latin America is expected to boost the fire resistant fabric market growth. Europe and North America are likely to grow substantially owing to increasing demand from defense and aircraft industries. Further, due to the growing oil & gas industry in the Middle East & Africa, the market has an immense scope of growth in the forecast period.
The fire resistant fabric market consists of a large number of manufacturers and is highly fragmented. Companies operating in this market include Solvay SA, Gun Ei Chemical Industry Co., Ltd., E.I. Dupont De Nemours and Company, Royal Tencate Corporate EMEA, Milliken & Company, Huntsman Corporation, Lenzing AG, W.L. Gore & Associates, Inc., Teijin Aramid, and PBI Performance Products, Inc., among others.
The report segments the global fire resistant fabric market as:
Global Fire Resistant Fabric Market: Type Analysis
- FR Viscose
- FR Cotton
- FR Nylon
- FR Polyester
Global Fire Resistant Fabric Market: Application Analysis
- Household & Industrial
- Interior Fabric for Transportation
- Protective Clothing
Global Fire Resistant Fabric Market: End-Use Industry Analysis
- Oil & Gas
- Construction & Manufacturing
- Defense & Public Safety Services
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Global Fire Resistant Fabric Market: Regional Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa