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Fire Resistant Fabrics Market Growth & Competitive Outlook 2024-2033
Fire Resistant Fabrics Market Growth
According to The Business Research Company's, The fire resistant fabrics market size has grown strongly in recent years. It will grow from $4.29 billion in 2023 to $4.58 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to safety regulations and standards, industrial safety requirements, stringent workplace safety norms, growth in oil and gas industry, awareness of worker rights.
The fire resistant fabrics market size is expected to see strong growth in the next few years. It will grow to $6.09 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to growing adoption in electric power industry, enhanced comfort and breathability, evolving regulatory landscape, expansion of automotive manufacturing, expansion of end-use industries. Major trends in the forecast period include advancements in fabric technologies, customization and personalization, integration of smart technologies, flame-resistant fabrics in home textiles, collaboration for innovation.
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Market Drivers and Trends:
The growing manufacturing activities are expected to propel the growth of the fire-resistant fabrics market going forward. Manufacturing is the transformation of raw materials or parts into completed things using tools, human labor, equipment, and chemical processes. Increased manufacturing can aid in the creation of flame-resistant materials by boosting their availability and lowering costs. Flame-resistant textiles are used in a variety of industries, including the military, electrical, petroleum, chemical manufacturing, and emergency response. Workers in these sectors can be better protected from fire threats by expanding the production of these materials. Furthermore, the adoption of flame-resistant materials can improve worker efficiency and safety. For instance, in March 2023, according to a report published by the United Nations Industrial Development Organization (UNIDO), an Austria-based UN agency that assists countries in economic and industrial development, global manufacturing output had maintained a stable year-over-year growth rate of 3-4%. Furthermore, in April 2023, according to the India Brand Equity Foundation, an India-based trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India, India's manufacturing exports in FY22 reached an all-time high of $418 billion, an increase of more than 40% from the $290 billion in FY21. Therefore, growing manufacturing activities are driving the growth of the fire-resistant fabrics market.
Technology innovations are a key trend gaining popularity in the fire-resistant fabrics market. Major companies operating in the fire-resistant fabric market are focused on developing technologically advanced safety solutions to strengthen their position in the market. For instance, in June 2022, DuPont de Nemours Inc., a US-based chemical firm, introduced DuPont Nomex Comfort with EcoForce technology, a brand-new, chemically and flame-resistant (FR) fabric that improves worker safety and makes protective apparel more environmentally friendly. In addition to providing best-in-class chemical and flame resistance protection, DuPont Nomex Comfort with EcoForce technology addresses growing environmental concerns regarding personal protective equipment (PPE). Workers exposed to many risks in sectors including oil and gas and the chemical industry are protected by the new fabric. The fabric's built-in flame-resistant protection helps it keep structural integrity and flexibility after being exposed to flames, giving the protection, needed while also giving you the mobility you need to get away. In accordance with EN 13034, the fabric also offers the best defense against liquid chemicals, arc flash, extremely high temperatures, and static electricity.
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Major Key Players of the Market:
E.I. DuPont De Nemours and Company; Kaneka Corporation; PBI Performance Products Inc.; Royal TenCate N.V. Teijin Ltd.; Gun EI Chemical Industry Co. Ltd.; Huntsman Corporation; Lenzing AG; Solvay S.A.; Milliken & Company; Evonik Industries AG; Toyobo Co. Ltd.; W. L. Gore Associates Inc.; Indorama Corporation; Norfab Corporation; Safety Components Fabric Technologies Inc.; Zylon Corporation; Teijin Ltd.; Westex; AMERICAN & EFIRD LLC; Apex Mills Corporation; AUBURN MANUFACTURING INC.; BGF INDUSTRIES INC.; Emtexglobal USA; Forceprotector Gear LLC; Rivertex Technical Fabrics Group; Precision Fabrics Group Inc.; Carrington Textiles Ltd.; Arvind Limited; Mount Vernon Mills Inc.; Burlington Industries LLC; Glen Raven Technical Fabrics LLC; Newtex Industries Inc.; SSM Industries Inc.; Tex Tech Industries Inc.
Fire Resistant Fabrics Market 2024 Key Insights:
• The fire resistant fabrics market will grow to $6.09 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
• Manufacturing Boom Fuels Expansion In The Fire-Resistant Fabrics Market
• A Revolutionary Fire-Resistant Fabric Redefining Safety And Sustainability In Industrial Environments
• Asia-Pacific was the largest region in the fire-resistant fabric market in 2023
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