Fire resistant fabrics Market Overview
Fire resistant fabrics are a type of textile that has the ability to withstand heat and resist burning. The growing adoption of work place regulation across the globe are the major factor driving the global market of fire resistance fabrics. The growing demand form end use industries such as oil & gas, building & construction, firefighting, and military & defense among others is also substantially contributing to the growth of the market. However, the changing price of raw material prices coupled with high cost associated in the production of fire resistant fabric is anticipated to be a major restraint in the growth of the market.
The important contenders functioning in the fire-resistant fabrics market are Kaneka Corporation (Japan), PBI Performance Products Inc. (U.S.), Royal TenCate N.V. (Netherlands), Westex By Milliken (U.S.), E.I. DuPont De Nemours and Company (U.S.), Teijin Ltd. (Japan), Gun EI Chemical Industry Co., Ltd. (Japan), Huntsman Corporation (U.S.), Solvay S.A. (Belgium), Lenzing AG (Austria), W. L. Gore Associates Inc. (U.S.), and others.
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Industry/ Innovation/ Related News
14th December, 2016- Japanese based company Teijin Limited has made an addition to their product portfolio with the launch of ‘Xfire DENIM’. This new product is made from denim like aramid fiber fabric especially designed for fire corps. The product has enhanced flexibility and comfort which is expected to drive its market growth.
24th April, 2017- W.L Gore & Associates, Inc. made an innovation in the fire resistant fabrics market with the launch of products GORE PYRAD Fabric Technology. This new product provides enhanced thermal burn protection, comfort as well as environment protection. The product also possesses the ability to self-extinguish flames. This product is expected to augment the demand for the military and defense applications.
The alterations seen in terms of strategy execution and creation are modifying the development pace of the market. The leadership trends in the market are reinforcing the level of growth that can be achieved in the present market scenario. The plan formulation process in the market has become significantly easier in which deviations are well accounted for; this approach increases the overall success of these plans in the market. The market is also well equipped to meet the challenges and keep up with the dynamic growth trends effectively. The framework for growth plans also has stimulated the market for potential new entrants. The market contenders are making considerable adjustments to minimize the incidence of competitive disadvantage. The evolution patterns are revised in tandem to the customer likings to realize the greatest growth, and in the long run, viability.
Detailed Regional Analysis
The regional analysis of the fire-resistant fabric market comprises of regions such as Asia Pacific, Latin America, North America, Europe, Middle East, and Africa. Among these regions, the Asia Pacific region controls the major portion of the market and is anticipated to be the fastest rising region with a positive CAGR. Growing urbanization and the globalization in the developing nations are chiefly driving the growth of the fire-resistant fabrics market. Also, the expanding construction and the oil and gas industry in countries, such as India and China, is growing the demand for fire resistant fabrics which, in turn, is pushing the market growth.
The North American region is another leading region in the global market, displaying a high CAGR. The mounting adoption of fire-resistant fabrics in the advanced end-user industries is considerably compelling the development of the market.
Furthermore, the rising oil and gas activities in the region connected with the advanced transportation sector is further enhancing growth. The increasing technological advancements in the region and the growing research & development activities for the manufacture of environment-friendly fire-resistant fabrics are expected to affect the market growth encouragingly. The European market is growing drastically due to the advanced healthcare and firefighting industry. The existence of the major manufactures of fire-resistant fabrics together with the rising work safety concerns has increased the development of the market. The important countries attributing to this growth are Italy, Germany, France, and the U.K among others.
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The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
- Fire resistant fabrics market manufacturers
- Traders and Distributors of fire-resistant fabrics market
- Production process industries
- Potential investors
- Raw material suppliers
- Nationalized laboratory
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