Pune, India -- (SBWire) -- 03/26/2018 --Fire Resistant Fabrics Market accounted for USD 4.33 billion in 2016 and projected to grow at a CAGR of 4.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Fire Resistant Fabrics Market
Fabrics made from treated fibers are flame resistant for the life of the garment. The flame retardant chemical can't be removed by normal wear or laundering. The garment would no longer be flame resistant only if it becomes torn or soiled to the degree that the soil won't wash out. It has its wide application in industrial, defense & public safety services, transport, and others. Stringent industrial regulations and standardization pertaining to safety at workplace may act as the major driver in the growth of fire resistant fabrics market. On the other side, fluctuating raw material costs may hamper the market.
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Major Market Drivers & Restraints
- Stringent industrial regulations and standardization pertaining to safety at workplace
- Growing demand from end-use industries
- High cost of production and huge investment for R&D
- Fluctuating raw material costs
Market Segmentation: Global Fire Resistant Fabrics Market
The global fire resistant fabrics market is segmented on the basis of type into treated fire-resistant fabrics, and inherent fire-resistant fabrics. The treated fire-resistant fabrics segment is sub segmented into fire-resistant cotton, fire-resistant viscose, fire-resistant polyester, and fire-resistant nylon 6. The inherent fire-resistant fabrics segment is sub segmented into aramid, pbi (polybenzimidazole), modacrylic, polyamide, and pi (polyimide).
On the basis of application, the global fire resistant fabrics market is segmented into apparel, and non-apparel.
On the basis of end-use industry, the global fire resistant fabrics market is segmented into industrial, defense & public safety services, transport, and others. The industrial segment is sub segmented into construction & manufacturing, oil & gas, and others. The defense & public safety services segment is sub segmented into military, and firefighting & law enforcement. The transport segment is sub segmented into railways, aircraft, marine, and automotive
On the basis of geography, the global fire resistant fabrics market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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Competitive Landscape: Global Fire Resistant Fabrics Market
The global fire resistant fabrics market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Fire Resistant Fabrics Market
Some of the major players in global fire resistant fabrics market include DuPont, TEIJIN LIMITED, Pbi PRODUCTS, INC., Koninklijke Ten Cate bv., Westex, Gunei Chemical Industry Co., Ltd., Huntsman International LLC., LENZING AG, Solvay, W. L. Gore & Associates, Inc., Kaneka Americas Holding, Inc., Glen Raven, Inc., Charles Parsons, Banswara Syntex Limited, Trevira GmbH, Auburn Manufacturing, Inc., Taiwan K.K. Corp, Ada & Ina, KERMEL, XM Textiles, begoodtex co.ltd., Newtex Industries, Inc., and others
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Fire Resistant Fabrics Industry Trends 2018 Predict Companies Like LENZING, Solvay, W. L. Gore & Associates, Kaneka Americas Holding, Glen Raven, Charles Parsons and More
Fire Resistant Fabrics Industry By Type (Treated Fire-Resistant Fabrics, Inherent Fire-Resistant Fabrics); Application (Apparel, Non-Apparel); End-Use Industry (Industrial, Defense & Public Safety Services, Transport); Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa