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Kenneth Research has evaluated the current market opportunities in Fire Resistant Fabrics Market in the healthcare industry for the forecast period 2022-2031, which also includes the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players, along with the worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa, has also been provided in the report.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Fire Resistant Fabrics Market products.
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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
As per the latest report published by Variant Market Research, Global Fire Resistant Fabrics Market is estimated to reach $6,729 million by 2024; growing at a CAGR of 6.3% from 2016 to 2024. Fire resistant fabrics are mostly fabrics that are more fire retardant than other fabrics due to its chemical treatment or completely manufactured fireproof fabrics. Fire resistant fabrics are materials or cloths resistant to fire and have wide range of applications such as industrial protective clothing, defence and fire fighting services, transportation, and other applications. Wide use of fire resistant fabrics in work wear and fire fighting uniform for reducing fire hazards is expected to boost the market growth over forecasted period. Rising safety guidelines in developed & developing countries is predicted to enhance fire resistant fabrics market in the future years.
Major factors driving the global fire resistant fabrics market are increasing flame resistant material demand for stage drapery or curtains used in public spaces, growing safety regulations in developed and developing nations, increasing fire hazards in various industries such as pulp and paper industry and food processing and paint industry, among others. However, lack of awareness and fabrics cost may hamper the market growth. Furthermore, rising safety and security guidelines by government would unfold with numerous growth opportunities in the forecasted years.
Major segments in the global fire resistant fabrics market are type, application, and geography. Type segment comprises apparel and non apparel. By application, the market is categorized as industrial protective clothing, defence and fire fighting services, transportation, and other applications. Further, railways, aerospace, automotive, and marine are sub segments of transportation segment.
Geographically, global fire resistant fabrics market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of Germany, France, Spain, UK, and Rest of Europe. Asia-Pacific is segmented into China, Japan, India, and Rest of Asia- Pacific, while RoW is bifurcated into South America, Middle East, and Africa.
The major market players in the market are PBI Performance Products, Inc., E.I. Dupont De Nemours and Company, Huntsman Corporation, Royal Tencate Corporate EMEA, Gun Ei Chemical Industry Co., Ltd., Solvay SA, Milliken & Company, Lenzing AG, and Teijin Aramid, W.L. Gore & Associates, Inc., among others.
The key takeaways from the report :
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The report will provide detailed analysis of Fire Resistant Fabrics Market with respect to major segments such as type, and application
The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Fire Resistant Fabrics Market has been included in the report
Profile of the key players in the Fire Resistant Fabrics Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Fire Resistant Fabrics Market
Type Segments
Apparel
Non Apparel
Application Segments
Industrial Protective Clothing
Defence and Fire Fighting Services
Transportation
Railways
Aerospace
Automotive
Marine
Other Applications
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
Germany
France
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
About Kenneth Research
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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