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Global Fire Retardant Fabric Market Expected to Reach USD 7,070 Million by 2026

03-25-2020 02:42 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Facts & Factors

Global Fire Retardant Fabric Market

Global Fire Retardant Fabric Market

Findings from Facts and Factors report "Fire Retardant Fabric Market - By Type (Treated Fire Retardant Fabric and Inherent Fire Retardant Fabric) and By Application (Home Textiles, Clothing, Public Utility, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020-2026" states that the global Fire Retardant Fabric market in 2019 was approximately USD 4,830 Million. The market is expected to grow at a CAGR of 6% and is anticipated to reach around USD 7,070 Million by 2026.

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Fire-resistant fabrics are the fabric that has a high resistance to fire and temperature. The product is widely adopted by numerous end-user industries across the globe, owing to the numerous technological advancements in fire-resistant fabric. These fire-resistant fabrics are used in industries like mining, transportation, chemical, and others. Also, due to the versatile properties of the fire-resistant fabric, it is widely used in the various end-user industries.

Flame retardants are used in health care settings, intravenous pumps, and hospital beds hospital curtains. This has been the major driver for the target market growth. Furthermore, rising demand from chemical industries has been boosting the target market growth. Besides, stringent industrial regulation and standardization pertaining to safety at the workplace have been augmenting the target market growth. However, high production costs, as well as huge investments for R&D, may hamper the target market growth over the forecast period. Moreover, fluctuating raw material costs are anticipated to harm the target market growth as well. Nevertheless, increasing awareness about fire safety procedures in residential and commercial areas may generate worthwhile growth opportunities for the market across the globe over the forecast period.

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In terms of type, the target market is segmented as treated fire retardant fabric and inherent fire retardant fabric. Among these categories, inherent fire retardant fabric is anticipated to be the dominating target market category. Fundamentally flame resistant fibers are materials that built into their chemical structures and have flame resistance. For fundamentally flame resistant fibers, the protection is constructed into the fiber itself and can never be washed out or worn away. This has augmented its demand.

In terms of application, the target market is segmented as home textiles, clothing, public utility, and others. Among these categories, the clothing category is anticipated to dominate the application segment. It delivers exceptional flame resistance and thermal protection, as well as allowing user's comfort, breathability, and flexibility.

In terms of region, the target market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, Asia Pacific is expected to contribute majorly owing to increasing demand from diverse ends use industries such as chemicals and oil & gas. Moreover, growing demand for flame-resistant fabric in the transportation industry mostly in emerging economies such as China and India is supplementarily projected to raise the growth of the Asia Pacific fire retardant fabric market over the forecast period.

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Some of the major target market key players operating are Kermel, Glen Raven, Arvind, Marina Textil, Delcotex, Safety Components, W. L. Gore & Associates GmbH, Klopman, Trevira, Carrington, SSM Industries, Mount Vernon, Milliken, Tencate, and Others.

This report segments the Fire Retardant Fabric market as follows:

Global Fire Retardant Fabric Market: By Type Segmentation Analysis

Treated Fire Retardant Fabric
Inherent Fire Retardant Fabric

Global Fire Retardant Fabric Market: By Application Segmentation Analysis

Home Textiles
Clothing
Public Utility
Others

Global Fire Retardant Fabric Market: Regional Segmentation Analysis

North America
The U.S.
Canada
Europe
Germany
The UK
France
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

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