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In 2015, the global fire-resistant fabrics market was valued at $3,950.6 million, and the market is also projected to grow at a CAGR of 5.2% during the forecast period (2016–2022). Some of the major factors driving the growth of the market include rising concerns for safety, stringent safety regulations, rapid industrialization, and increasing usage of fire-resistant fabrics in residential and commercial furnishings.
Fire-resistant fabrics are substances that are flame retardant as compared to other materials, owing to the chemical treatment of the fabrics. These fabrics are of two types: fire-retardant treated (FRT) and inherent. The FRT fabrics are made fire-resistant with the usage of fire-resistant chemicals. These fabrics have a huge application base across several industries, including electrical, chemical, and oil & gas, where excessive heat or risk of fire is prone to exist. Fire-fighting uniforms and law enforcement service uniforms are such applications where fire-resistant fabrics are required. The fabrics are also required in residential and commercial furnishings and in the transportation sector to reduce occurrence of fire hazards. Whereas, inherent fire-resistant fabrics also have fire resistance properties due to their chemical structure.
Based on type, the apparel category is projected to dominate the fire-resistant fabrics market and is also expected to witness higher growth during the forecast period. On the basis of application, the industrial protective clothing category dominated the market, with a share of 49.7%, in 2015. Due to stringent government regulations for safety, petrochemicals and oil & gas industries are ensuring safe working conditions for workers by adopting fire-resistant cloths. Thus, it is likely to create huge demand for fire-resistant fabrics in the coming years.
Globally, the European fire-resistant fabrics market held the largest share, of 37.1%, in terms of value, in 2015. This is due to the fact that increasing safety concerns require industrial protective clothing, which in turn, boosting the demand for fire-resistant cloths in the region. On the other hand, the APAC market is projected to witness the fastest growth, with a CAGR of 6.0%, in terms of value, during the forecast period. This is attributed to the developments in the petrochemicals, oil & gas, and chemicals sectors, which have significantly created demand for fire-resistant fabrics. Additionally, increasing usage of these fabrics in residential and commercial furnishings is expected to further augment the growth of the market in the APAC region. Whereas, with the rapid industrialization in South America, the demand for fire-resistant fabrics is also expected to witness a rapid growth in the coming years.
Some leading players in the global fire-resistant fabrics market include Kaneka Corporation (Japan), Solvay S.A., E.I DuPont de Nemours & Co., Huntsman Corporation, Lenzing AG, Royal TenCate N.V., Glen Raven Technical Fabrics LLC, Teijin Ltd., W.L. Gore & Associates Inc., Westex, Gun Ei Chemical Industry Co. Ltd., and PBI Performance Products Inc.
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