The fire-resistant fabrics market has been valued at USD 3,712.83 million in 2015 and is expected to reach USD 5,290.61 million by 2021, growing at a CAGR of 6.08%, during the forecast period 2016-2021.
There has been an ever increasing requirement of stringent standards for industrial protective & mining clothing, catalyzing the market for fire-resistant fabrics. Europe is expected to dominate the market during the forecast period, owing to its extensive norms for the safeguard of workers, followed by Asia-Pacific and North America.
Regarding volume, industrial protective & mining clothing was the largest segment, accounting for more than 45% of the total fire-resistant market, in 2015. The other end-user applications include transport, defense & firefighting services, and others.Transport is projected to be the fastest-growing application segment of the fire-resistant market during the forecasted years.
The market is segmented by type into apparel and non-apparel. Growing demand for defense and flame fighting uniforms has rendered the apparel sub-segment to be the largest amongst the two types.
Non-apparel fabric segment is growing at a fast rate, owing to its increasing demand in tents, furniture, bags, glove cuffing and other safety applications.
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The market is further being driven by the growing demand for fire-resistant fabrics from end-user industries, particularly in South America. The growth of the market is hindered by the unavailability and high-price of raw material required to produce and lack of safety compliance in using such fabrics.
Region-wise, Europe dominated the fire-resistant fabrics market in 2015, owing to the extensive implementation of regulatory standards. Asia-Pacific accounted for the second largest share, followed by North America.
Opportunities and Market Players
The rapid industrialization in BRICS nations has ignited the growth of the market and further created opportunities for investors in the region. Some of the key players dominating the market for fire-resistant fabrics are
Westex (Milliken & Company)
W.L. Gore & Associates, Inc.
Key Deliverables in the Study
Market analysis for the fire-resistant fabrics market, with region-specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the fire resistant fabrics market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.
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