The Fire-Resistant Fabrics Market is poised for substantial growth due to the escalating implementation of stringent safety regulations by governments across diverse sectors, including oil and gas, construction, and manufacturing. These regulations are anticipated to exert a positive influence on the market’s expansion trajectory.
The global fire-resistant fabrics market size is poised to reach a valuation of US$3.3 billion in 2023. This growth is attributed to the increasing application in the oil & gas industry, propelling the market’s expansion. Furthermore, the market is projected to achieve a considerable valuation of US$6.1 billion by 2033, demonstrating a notable Compound Annual Growth Rate (CAGR) of 6.3% from 2023 to 2033.
The demand for fire-resistant fabrics is increasing in the industrial sector due to stricter safety regulations, growing awareness about fire hazards, and the need for improved worker safety. Fire-resistant fabrics are designed to provide protection by limiting the ignition and spread of flames, reducing heat transfer, and minimizing the risk of burn injuries.
Increasing government stringent safety regulations across various industries, such as oil and gas, construction, and manufacturing are expected to positively impact the fire-resistant fabrics market growth.
Empower Your Strategies with In-Depth Insights: Take a Step Towards Excellence by Accessing Our Handpicked Sample, Providing a Glimpse into Emerging Trends, Opportunities, and Risks@
https://www.futuremarketinsights.com/reports/sample/rep-gb-17311
Increased awareness about the risks and hazards associated with fires in both industrial and non-industrial settings. This heightened awareness has led to a greater emphasis on fire safety measures, including the use of fire-resistant fabrics.
Increasing the application of fire-resistant apparel in high-risk activities, such as oil and gas exploration, mining, and chemical processing, favors the growth of the market. Industries and individuals are increasingly prioritizing fire safety to protect lives and property, driving the demand for these fabrics.
The ongoing technological innovation is the key factor contributing to the steady growth and development of the fire-resistant fabrics market in North America.
Robust demand from manufacturing in the Asia Pacific contributes to the growth of the fire-resistant fabrics market. Increased industrialization in developing economies like China & India is expected to boost market growth during the forecast period.
Key Takeaways from the Market Study
- From 2018 to 2022, the market demand expanded at a CAGR of 8.0%
- Based on type, the treated segment accounts for a CAGR of 6.2%
- By application, the apparel segment is expected to expand at a CAGR of 6.0% during the forecast period
- North America to emerge as a promising market, capturing a CAGR of 6.2%
- Asia Pacific to be an opportunistic market, expected to capture a CAGR of 6.2% during the forecast period.
The increasing demand from defense & public safety services sector globally is projected to play a vital role in strengthening the market”.
Competitive landscape
Chart Your Market Odyssey: Take the First Step Towards Mastery by Obtaining Your Customized Report, Brimming with Regional Data Gems and Expert Competitive Insights@ https://www.futuremarketinsights.com/checkout/17311
Prominent players in the fire-resistant fabrics market are DuPont de Nemours, Inc.; Arvind Ltd.; Draper Knitting Company; BGF Industries, Inc.; Agru America, Inc.;
among others.
- Solvay S.A. a global chemical company produces a range of specialty polymers and fibers, including fire-resistant fabrics. Their fire-resistant fabric brand, Rhovea®, offers high thermal protection and flame resistance. It finds applications in personal protective equipment (PPE) for firefighters, military personnel, and industrial workers.
- Milliken & Company is a diversified industrial manufacturer that produces a wide range of textiles, including fire-resistant fabrics. They offer various fire-resistant fabric solutions that provide thermal protection and meet industry standards for flame resistance. Their fabrics are used in industries such as oil and gas, welding, and firefighting.
Know More about What the Fire Resistant Fabrics Market Report Covers
Future Market Insights presents an impartial analysis of the global fire-resistant fabrics market, furnishing historical data spanning from 2018 to 2022, along with projected statistics from 2023 to 2033.
To comprehend opportunities in the fire-resistant fabrics market, the analysis is structured around segmentation based on type, end-use, and application, spanning across five key regions.
Key Segments Covered in the Fire Resistant Fabrics Industry Analysis
By Type:
- Treated
- Inherent
By Application:
- Apparel
- Non-Apparel
By End-Use:
- Industrial
- Defense & public safety Services
- Transportation
- Others
By Region:
- North American
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Precision in Your Hands: Secure Your Personalized Report Today, Delivering Precise Regional Metrics and Empowering You with Astute Insights into the Evolving Competitive Terrain@
https://www.futuremarketinsights.com/customization-available/rep-gb-17311
Explore this report from different publication
Fire-Resistant Fabrics Market@ https://www.globenewswire.com/news-release/2023/05/31/2679280/0/en/Increasing-Demand-for-Fire-Resistant-Fabrics-Drives-Market-Growth-Reaching-US-6-1-Billion-by-2033-Future-Market-Insights-Inc.html
About Us
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
