Global Fire Resistant Fabric Market - 2023-2030

Market Overview

The Global Fire Resistant Fabric Market size is estimated to have reached around US$ 5 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 7.5 billion by 2030. The market is growing at a CAGR of 5% during the forecast period 2023-2030.

Using chemical treatments or fireproof fibers, fire-resistant fabrics are textiles created to offer more fire resistance than conventional materials. When exposed to heat, the fiber expands and gets thicker, creating a barrier between the skin and the fire source. The increasing demand from numerous end-use industries is what is driving the global market for fire-resistant fabrics.

The non-apparel product is anticipated to account for more than 30% of market growth for fire-resistant fabrics. During the projected period, North America is anticipated to have a commanding position with a market share of around 35%, while Asia-Pacific will experience the fastest growth.

Market Dynamics

The Expanding Demand From Numerous End-use Industries for Fire-resistant Materials

The expansion of the aviation industry has had an impact on the growth of the global market. It is a different widely used form of transportation that has significantly expanded. In the manufacture of airplanes, choosing the proper fabric is just as crucial as choosing any other component.

Smoke inhalation and asphyxiation from hazardous gases generated during a fire account for a sizable portion of fatalities in aircraft accidents. The need for fire-resistant materials is anticipated to increase along with the number of retiring airplanes. 43,110 aircraft are anticipated to be delivered between 2020 and 2039, according to Boeing Commercial Market Outlook 2020-2039.

The Growing R&D

Corporations have increased their R&D investments in fire-resistant fabrics as a result of the rising importance of raw materials that offer qualities like comfort, lightweight design and long-term heat resistance. Throughout the projection period, prominent firms are projected to continue to invest in R&D to create new products and advance technology in the field of multi-utility protective equipment.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global fire resistant fabric market is segmented based on product, end-user, application and region.

The Rising Electric Vehicle Sales to Drive Transportation Sector

Owing to the growing demand for electric vehicles, the transportation vertical had more than 30% of the market share. The International Energy Association (IEA) projects that, excluding two- and three-wheelers, global sales of electric vehicles will exceed 125 million in 2030 under the New Policies Scenario.

According to the EV30@30 Scenario, over 70% of Chinese vehicle sales in 2030 are anticipated to be EVs. Additionally, EVs account for 50% of vehicles sold in Europe, 37% in Japan, 30% in Canada and the US and 29% in India. The demand for materials that withstand fire is anticipated to increase with increasing railway building around the world. The Indian government intends to build metro rail systems in more than 30 Indian cities.

Geographical Analysis

The Expansion of Automotive Sector in Asia-Pacific

The Asia-Pacific market for fire-resistant fabric is estimated to grow at the fastest rate during the projected period due to a rise in automotive demand in the area. In comparison to 2021, car sales in China and India, two significant worldwide markets, increased by 3% and 24%, respectively, in 2022.

However, due to government initiatives encouraging the move away from fossil fuels due to various environmental concerns, the development of electric vehicles is expected to pick up steam in the future, especially in Europe and China, where designers in all automotive segments are uncovering new possibilities.

Competitive Landscape

The major global players include: DuPont (Dow Inc.), PBI Performance Products Inc., Koninklijke Ten Cate NV, Glen Raven, Inc., Huntsman International LLC, Newtex Industries Inc., Lenzing AG, Solvay S.A., Milliken & Company and Teijin Aramid.

Why Purchase the Report?

• To visualize the global fire resistant fabric- market segmentation based on product, end-user, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of fire resistant fabric market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Fire-resistant Fabric Market Report Would Provide Approximately 61 Tables, 56 Figures and 203 Pages.

Target Audience 2023

• Manufacturers / Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies