Fire Blanket Market to Boom in Near Future by 2027 : Business Opportunities, Industry Analysis and Forecast

A fire blanket is a safety device made of retardant fibers, woven glass fiber, or sturdy wool. It helps extinguish incipient fire. The fire blanket is a sheet made of fire-retardant material, which smothers the fire when placed over it. The fire blankets are of three types; fiberglass fire blanket, asbestos fire blanket, and cotton fire blanket. These fibers are treated with flame-resistant chemicals.

The water gel blankets which are made from woolen fabric are coated with hydrogel, which makes it capable of extinguishing a fire and also healing burns. Fire blankets, on the other side, are useful for welding works and electric insulation. Protection against molten and splashes is provided by an aluminized fire blanket. The fire blankets that are used in industries and laboratories are made from ceramic fiber, fiberglass, or asbestos.

Because of their physical and thermal properties, fire blankets act as insulation covers. These are good substitutes for wet chemical fire extinguishers. There are not many exports and imports of fire blankets because most manufacturers are meeting domestic requirements only.

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COVID-19 Scenario Analysis:
• The COVID-19 outbreak has affected almost every sector in one way or another.
• As the shutdown has led to the closure of many industries, the manufacturing of the product has stopped.
• For the production of fire blankets, a lot of raw material is required that is supplied by other industrial units, but even those industrial units have been shut down in many countries.
• The supply chain is disrupted.
• These fire blankets are mostly used in industrial and manufacturing units, which have been shut in the prevailing lockdown, thereby, reducing the demand for fire blankets.
• Many employees of the fire control department have to cancel their jobs unless there is a case of emergency.

•Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Rapid urbanization and industrialization have increased the safety concerns issues related to fire. Due to this, the demand for fire blankets is also growing at a fast pace. An increase in its application, its thermal properties, and its physical characteristics drive the growth of the global fire blanket market.

Using fire protection equipment worldwide has become a necessity due to the implementation of various safety codes. States and municipal agencies have developed fire protection and prevention codes, to avoid loss of life and property in case of accidents caused by fire. This high recommendation for fire protection equipment is creating opportunities for the fire blankets market.

However, lack of awareness among consumers about fire protection equipment, like fire blankets, decreases the growth of the global fire blankets market. In addition, there is a false perception among consumers that the fire blankets, when compared to other fire protection equipment like fire extinguishers are not much productive. This is expected to hamper the growth for the global fire blanket market.

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Key Benefits of the Report:
• This study presents the analytical depiction of the global fire blanket industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global fire blanket market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global fire blanket market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global fire blanket market analysis based on competitive intensity and how the competition will take shape in coming years.

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