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Fire-Resistant Fabrics Market worth $4.9 billion by 2028 | Key players DuPont de Nemours, Inc. (US), Teijin Ltd. (Japan), Royal TenCate N.V. (Netherlands), Kaneka Corporation (Japan).

06-06-2024 03:53 PM CET | Chemicals & Materials

Press release from: MarketsandMarkets

Fire-Resistant Fabrics Market, Fire-Resistant Fabrics, Fabrics Market, Fabrics

Fire-Resistant Fabrics Market, Fire-Resistant Fabrics, Fabrics Market, Fabrics

According to recent market research the "Fire-Resistant Fabrics Market by Type (Treated and Inherent), Application (Apparel and Non-apparel), End-Use Industry (Industrial, Defense and Public Safety Services, Transport), and Region - Global Forecast to 2028", is estimated at USD 3.5 billion in 2023 and is projected to reach USD 4.9 billion by 2028, at a CAGR of 6.6% from 2023 to 2028. The stringent regulations & standardization pertaining to safety at the workplace, urbanization & infrastructure development, and increased demand from industries such as chemicals, construction, and oil & gas are the main factors driving the market expansion for fire-resistant fabrics.

Browse 293 market data Tables and 55 Figures spread through 246 Pages and in-depth TOC on "Fire-Resistant Fabrics Market - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/fire-resistant-fabric-market-185633312.html

By type, the fire-resistant fabrics market has been segmented into treated fire-resistant fabrics and inherent fire-resistant fabrics. These treated fire-resistant fabrics' chemical makeup does not make them fire resistant. With the use of several chemicals, they are made fire-resistant. Chemical additives are used to treat fabrics so that the fibers are fire resistant. These fabrics depend on chemical reactions to put out fires when exposed to fire. Through use or laundry, the treated fabric's fire-resistant feature may lose some of its effectiveness.

By application, the fire-resistant fabrics market has been segmented into apparel applications and non-apparel applications. Due to the significant demand for protective clothing across a variety of end-use industries, including oil & gas, construction, and manufacturing, the dominance of the apparel application is anticipated to persist over the projection period. Workers in various essential industries, including oil & gas, construction, manufacturing, and others, frequently wear protective garments when they are exposed to dangerous working circumstances. Each local government in a nation has established strict rules requiring businesses to adhere to PPE standards for workers' or employees' safety.

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Asia Pacific, North America, Europe, the Middle East, and South America have all been examined for the fire-resistant fabric market. China is the biggest market for fire-resistant textiles in the Asia Pacific region and is projected to have a sizeable market share over the forecast period. The market for fire-resistant textiles is rapidly growing in Asia Pacific countries including China, India, Japan, and South Korea because of the escalating demand from sectors like chemicals, construction, and oil & gas.

Major players operating in the fire-resistant fabrics market is DuPont de Nemours, Inc. (US), Teijin Ltd. (Japan), Royal TenCate N.V. (Netherlands), Kaneka Corporation (Japan), PBI Performance Products Inc. (US), Milliken & Company (US), Gun-Ei Chemical Industry Co., Ltd. (Japan), Huntsman Corporation (US), Lenzing AG (Austria), Solvay SA (Belgium), and W.L. Gore & Associates Inc. (US) among others.

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One of the top producers and creators of sophisticated materials, textiles, polymers, and numerous industrial products worldwide is DuPont de Nemours, Inc. The corporation is listed on the stock exchanges in India, Europe, and the US. The business produces goods including adhesives, cutting-edge printing solutions, building supplies, consumer goods, electronic & industrial, textiles, fibers & nonwovens, medical solutions, etc. The company divides its clientele into three groups: corporate and others, water protection, and electronics & industrial. The industrial solutions sub-segment of the electronics & industrial market is where the company sells fire-resistant fabrics. The business has multiple subsidiaries spread throughout 50 nations, manufacturing facilities, and R&D facilities in 25 nations worldwide across the continents of Asia Pacific, North America, Europe, the Middle East & Africa, and South America.

Teijin Ltd. is one of the world's leading manufacturers and suppliers of technical textiles, medical products, industrial textiles, and garment materials. The business has a listing on the Japan Stock Exchange. The business is engaged in the development of aramid, resin flame retardant and additives, carbon fibers, and product conversion, as well as in the fields of engineering, health care, IT, and the environment. The business of the corporation is divided into five segments: materials, fibers and product conversion, healthcare, information technology, and others. The business's materials division sells fabrics that are fire-resistant. The corporation has manufacturing locations in more than 15 different nations across 20 different continents, including Asia Pacific, North America, Europe, South America, and the Middle East and Africa.

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