Flame Resistant Fabrics Market is estimated to grow to US$5.787 billion by 2022, increasing from US$4.379 billion in 2017, at a compound annual growth rate of 5.73% over the forecast period. The mounting concern over workplace safety and government regulations are key factors driving the flame resistant fabrics market growth. Moreover, high accident risk prone industries like chemical and oil and gas are increasingly adopting flame resistant fabrics and thereby boosting the market growth. High-speed innovation along with continuous research and development activities is also expected to drive the market growth in years ahead.
By type, flame resistant fabrics market is dominated by treated fire resistant fabrics throughout the forecast period owing to their low cost as compared to inherent flame resistant fabrics. However, the market for the latter will witness the growth at a higher CAGR during the forecast period, majorly from developed regions, as these fabrics are identified among end-users for comfort durability, excellent color retention, and overall professional appearance.
By end user industry, industrial segment held the largest share of flame resistant fabrics market in 2016 and will remain at its position till the end of the projected period. Stringent regulations for workers’ safety in industries such as oil and gas, chemical, construction, and mining, involving hazardous working environments is the major factor behind the dominance of the industrial segment. Moreover, the growth of these industries in emerging economies will further fuel the demand for flame resistant fabrics in the coming years. Travel and Transport is projected to witness the fastest growth between 2017 and 2022 due to rising usage of flame resistant fabrics across various applications.
Geographically, Europe accounted for the significant market share in 2016 and is expected to witness moderate growth over the projected period. South America and Asia Pacific regions are expected to witness high growth over the projected period. Rapid industrialization, especially in emerging economies like China, India, Brazil, and Argentina, coupled with regulations for industrial workplace safety will drive the flame resistant fabric market growth in these regions.
The flame resistant fabrics market is fragmented owing to the presence various small and large vendors. International players are increasingly focusing on acquiring local vendor in order to enhance their market share. The major players discussed in the report include Dupont, Teijin Ltd., PBI Performance Products Inc., Royal TenCate N.V., Milliken & Company, Gun Ei Chemical Industry, Huntsman Corporation, Lenzing AG, Solvay S.A., and Trevira GmbH. The favorable government and industry regulations coupled with decent market growth will attract new players within the market while enhancing the competitive rivalry.
Flame resistant fabrics market has been segmented by type, end user industry, and geography.
Treated Flame Resistant Fabrics
Inherent Flame Resistant Fabrics
By End-User Industry
Military and Defense
Travel and Transport
Europe Middle East and Africa
Middle East and Africa