Global Fire-Resistant Fabrics Industry Research Report 2023-2028: Asia-Pacific Ignites Growth - China and India Lead in Treated Fire-Resistant Fabrics

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Sep 19, 2023, 14:15 ET

DUBLIN, Sept. 19, 2023 /PRNewswire/ -- The "Global Fire-Resistant Fabrics Market by Type (Treated, Inherent), Application (Apparel, Non-apparel), End-use Industry (Industrial, Defense & Public Safety Services, Transport), and Region - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

The global fire-resistant fabrics market is poised for substantial growth, projected to increase from USD 3.5 billion in 2023 to USD 4.9 billion by 2028, reflecting a robust CAGR of 6.6%.

This comprehensive study delves into crucial market dynamics, including drivers, restraints, opportunities, and challenges that significantly influence the fire-resistant fabrics market. The report offers an in-depth analysis of major industry players, providing insights into their business operations, services, strategic initiatives, partnerships, contracts, mergers and acquisitions, product launches, and recent market developments.

Fire-resistant fabrics serve as critical components in personal protective equipment (PPE) across various sectors like defense, law enforcement, firefighting, as well as in hazardous environments such as chemical, construction, and oil & gas industries. Furthermore, these fabrics have versatile applications in transportation, household & industrial furniture, roofing, and flooring materials.

The Asia-Pacific region, driven by its growing population and the increasing disposable income of the middle-class demographic, stands out as a significant driver of the fire-resistant fabrics market. Countries like China and India offer substantial growth potential for fire-resistant fabrics as consumers in the region seek to embrace Western fashion trends.

Many fire-resistant fabric brands have relocated their manufacturing facilities to countries like China, India, Bangladesh, and Cambodia, benefiting from the availability of raw materials and cost-effective labor. Consequently, Asia-Pacific claimed the largest market share in the fire-resistant fabrics market in 2022.

Key industry players in this market include DuPont de Nemours, Inc., Teijin Ltd., Royal TenCate N.V., Kaneka Corporation, and PBI Performance Products Inc., among others, shaping the competitive landscape and driving innovations in fire-resistant fabrics.

Treated segment is expected to be the largest market in the fire-resistant fabrics market

The prevalence of treated segment is mostly a result of their lower cost as compared to naturally occurring fabrics. The market for treated segment is also being driven by the high level of comfort that treated fabrics offer in apparel applications.

According to estimates, China and India will dominate the market for cotton fibers used in treated fire-resistant fabrics. The main factor driving the market is the rise in cotton fiber output in the Asia-Pacific area. The building and construction sector in the area makes extensive use of fabrics that are fire resistant.

Due to the rising need for protective gear in the building and construction, as well as oil and gas sectors, the Middle East and Africa represent promising markets for treated fire-resistant fabrics. Moreover, the inherent segment is projected to be the fastest growing market in fire-resistant fabrics during the forecast period.

Apparel segment is projected to be the fastest growing market in the fire-resistant fabrics

Increased acceptance of contemporary technology, inventions, easy access to affordable land, low-cost labor, and the region's expanding population have all contributed to a rise in foreign investment and a boom in apparel applications.

Additionally, the expansion of sectors including the automotive, chemical, construction, infrastructure, mining, energy, and healthcare is boosting demand for textiles and safety equipment, which is propelling the use of protective fabrics and materials that resist fire.

Industrial segment is expected to be the largest market in the fire-resistant fabrics market

Government rules regarding the use of fire-resistant fabrics in various end-use sectors, particularly in the oil & gas and chemical industries, are a major driver of the demand for fire-resistant fabrics in the industrial end-use segment. Throughout the forecast period, the industrial sector is expected to maintain its dominance in the market for fire-resistant fabrics.

Market Dynamics

Drivers

Stringent Workplace Safety Regulations in Developed Countries
Increasing Use of Fire-Resistant Fabrics in the Oil & Gas Industry
Urbanization & Infrastructure Development

Restraints

High Cost of Production and Huge Investment for R&D
Lack of Safety Compliance in Developing Regions

Opportunities

Technological Innovations in Product Development

Challenges

Fluctuating Raw Material Costs

Industry Trends

Supply Chain Analysis

Raw Materials
Manufacturing of Fire-Resistant Fabrics
Distribution Network
End-use Industries

Trends/Disruptions Impacting Customer Business

Revenue Shifts and New Revenue Pockets in Fire-Resistant Fabrics Market

Ecosystem Analysis

Technology Analysis
Radiant Barrier Technology

Case Studies

Case Study on MCR Safety
Case Study on G.D. International

Patent Analysis

Approach
Document Type
Jurisdiction Analysis
Top Applicants

Company Profiles

Major Players

DuPont de Nemours, Inc.
Lenzing AG
Teijin Ltd.
Royal Tencate N.V.
PBI Performance Products, Inc.
Solvay SA
Kaneka Corporation
Milliken & Company
Gun-Ei Chemical Industry Co. Ltd.
Huntsman Corporation
W.L. Gore & Associates Inc.

Other Key Players

Glen Raven Technical Fabrics LLC
Charles Parsons
Banswara Syntex Ltd.
Trivera GmbH
Auburn Manufacturing Inc.
Taiwan K.K. Corporation
ADA & INA Ltd. Natural Fabrics and Curtains
Kermel Industries
Newtex Industries, Inc.
XM Textiles
Toyobo Co. Ltd.
Draper Knitting Company
Arvind Ltd.
Saint-Gobain
Agru America Inc.

For more information about this report visit https://www.researchandmarkets.com/r/i191ev

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