The global fire-resistant fabrics market is witnessing growth and is projected to reach USD 5.9 billion by 2030. This growth can be credited to the increase in the demand for such materials from the chemical, oil & gas, and construction sectors. Credited to the severe guidelines for workplace safety in advanced countries.
On the basis of type, the industry is divided into treated and inherent fire-resistant fabrics.
Between these two categories, treated variants had the larger industry share, with an income of approximately USD 1.8 billion in recent years, because of their lower price. The fabric turns into fire-resistant due to its chemical treatment with additives like organophosphorus and organohalogen compounds. When exposed to fire, they quench the flames by a chemical reaction.
On the basis of end users, the industry is divided into transportation, industrial, defense & public safety services, and others. Between these, transportation had the largest share, of over 40.0%, in recent years, and this category is projected to advance at a substantial CAGR during the projection period.
Fire-resistant fabrics are utilized during the making of aviation, automobile, marine, and railway components. The insides of cars, trainsets, and ships civilian and military aircraft are progressively being lined with fabrics that decrease the danger of a powerful fire as the guidelines on passenger & personnel security tighten throughout the globe.
One of the most vital factors that propel the demand for this material is the growing use of fire-resistant fabrics in the oil and gas sector. In this environment, users are protected from the cruel heat and hard-working conditions at examination sites and refineries by wearing this protective equipment.
Furthermore, the present government guidelines and the indirect and direct expenditures linked to workplace accidents in the oil & gas sector have significantly elevated the need for fire-resistant fabrics among conservative energy firms.
The severe workplace security guidelines in advanced countries are another key reason propelling the industry development. The major use of fire-resistant resources is in industrial security apparel at oil & gas, chemical, and construction sites.
Businesses must use these materials due to the dangerous working conditions. Such reasons have significantly elevated the need for fire-resisting fabrics as emerging countries begin to mandate shielding equipment in their manufacturing sector.
In recent years, the APAC region led the industry, with a share of over 35.0%, because of the fast economic development in emerging nations, like India and China. As the sturdiest regional market for a range of items and facilities, such as defense & public safety services, industrial protective gear, and transportation, this region is being targeted by the builders of fire-resistant fabrics.
Source: P&S Intelligence
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