Flame Resistant Fabric Market Growth Rate, Share, Size, Forecast 2023-2030 in Market Research Community

  • April 23, 2023, 11:50 p.m.
  • |
  • Public

Flame Resistant Fabric Market Insights:

The Flame Resistant Fabric Market had an estimated worth of USD 4.83 billion in 2022 and is anticipated to achieve a projected CAGR of 6.7% from 2023 to 2030. Based on this growth rate, the market is estimated to be worth USD 8.02 billion by 2030.

The demand for flame-resistant fabrics is rapidly growing in the textile industry, primarily driven by the need for protective clothing in various sectors such as oil and gas, electrical, and firefighting. Flame-resistant fabrics are specifically designed to resist ignition, prevent the spread of flames, and self-extinguish when exposed to heat or fire.

The flame-resistant fabric market can be categorized into three segments: fiber type, application, and region. The fiber type segment consists of aramid, modacrylic, cotton blends, and other materials. Aramid fibers are extensively used in flame-resistant fabrics owing to their excellent thermal and mechanical properties, high tensile strength, and lightweight. The market is classified based on application into protective clothing, home furnishings, and industrial fabrics. The protective clothing segment dominates the market due to the increasing demand for safety and protective equipment in industries like oil and gas, electrical, and firefighting. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.

Get Sample Report Here: https://marketresearchcommunity.com/sample-request/?rid=1310

According to a recent market research report, the global flame-resistant fabric market is projected to grow at a compound annual growth rate (CAGR) of 6.1% from 2021 to 2028, reaching a market value of approximately $6.2 billion by the end of the forecast period. Aramid fibers are expected to hold the largest market share during the forecast period, due to their superior performance and durability.

North America is currently the largest market for flame-resistant fabrics, driven by the stringent safety regulations and increasing demand for protective clothing in the region. Europe is also a significant market for flame-resistant fabrics, particularly in the industrial fabrics segment where flame-resistant fabrics are used for applications such as welding blankets and conveyor belts. Asia-Pacific is expected to be the fastest-growing market for flame-resistant fabrics, driven by the increasing demand for protective clothing in industries such as oil and gas, electrical, and chemical.

Market Segmentation

By Type:

Inherent (Aramid, PBI (Polybenzimidazole), Modacrylic, and Others)  and Treated (Fire-Resistant Cotton, Fire-Resistant Viscose, Fire-Resistant Polyester, and Others)

By Application:

Apparel and Non-Apparel

By End Use:
Industrial (Construction, Manufacturing, Oil & Gas, Chemical, and Others), Defense & Public Safety Services, Transport (Railways, Aircraft, Automotive, Marine, and Others), and Others
               
By Geography:
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

In terms of application, the protective clothing segment is expected to hold the largest market share during the forecast period, due to the increasing demand for safety and protective equipment in various industries. The home furnishings segment is also expected to grow at a significant rate, driven by the increasing demand for flame-resistant curtains, upholstery, and bedding products.

In conclusion, the flame-resistant fabric market growth is a rapidly growing segment of the textile industry, driven by increasing demand for protective clothing in a variety of industries. The market can be segmented by fiber type, application, and region, and is projected to reach a market value of approximately $6.2 billion by 2028. With increasing safety regulations and demand for protective equipment, the flame-resistant fabric market is expected to continue to grow in the coming years.

The study provides answers to the following key questions:            

• What type of customers buying the products and services from companies operating in the Five Gallon Plastic Pails Market?

• What will be the roadmap for the product manufacturers operating in the Five Gallon Plastic Pails Market industry for the forecast period, 2023 to 2030?

• What are the recent developments in the competitive landscape to look out for during the estimated period?

• What are the major trends influencing customers’ lives and their buying behaviour?

• How can brands best communicate with the customers they intend to target?

• When, where and how the customers want to use or consume the products or services?

Contact Us:

Market Research Community

Email:[email protected]


Loading comments...

You must be logged in to comment. Please sign in or join Prosebox to leave a comment.