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CHEMICALS AND ADVANCED MATERIALS

Flame Resistant Fabrics Market Analysis by Type {Treated (FR Cotton, and FR Viscose), and Inherent (Aramid, and PBI)}; by Application (Apparel, and Non-apparel); and by End-use Industry (Industrial, Oil & Gas, Building & Construction, Defense & Public Safety Services, and Transportation) – Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • July, 2022: Lenzing AG company’s textile sector has secured 5 times growth sales of its unique lyocell filament yarn, TENCEL LUXE in 2021 and is on track to increase its existing production capacity by 25% in 2022 to cater to growing demand.

  • October, 2021: Kaneka Corporation has entered into a partnership with Kashima Antlers to work together to create a sustainable future.

Global Flame Resistant Fabrics Market Size, Forecast, and Trend Highlights Over 2022 - 2031

Flame Resistant Fabrics Market Regional Table

The global flame resistant fabrics market is estimated to garner a revenue of ~USD 10 billion by the end of 2031 by growing at a CAGR of ~6% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of ~USD 5 billion in the year 2021. The primary growth factor for the flame resistant fabrics market growth is the expansion of the textile industry across world. As per recent reports, the revenue generated by the global textile industry stood at USD 900 billion in the year 2018. It is further projected to reach approximately USD 1,250 billion by 2024, with a steady CAGR of nearly 5%.

Flame Resistant Fabrics Market Overview

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Flame resistant fabrics are manufactured with flame-resistant characteristics. Recently, these flame resistant fabrics are being utilized in the making of apparel, furnishings, and clothing due to improvement in technologies and implementation of stringent regulations. The fire-resistant fabrics are preferred in industries such as chemical, oil & gas and electrical, wherein exposure to fire and risk of fire accidents is high. Therefore, the rising number of businesses in textile industry is anticipated to bolster manufacturing of flame resistant fabrics in the upcoming years. As of 2021, the number of textile and cloth manufacturing companies in the European Union was calculated to be 143,000.

Global Flame Resistant Fabrics Market: Growth Drivers and Challenges

Growth Drivers

  • Rise in Cases of Structure Fires – With the recent development in various end-use industries, the probability of an infrastructure having a fire-related accident has increased considerably. As flame resistant fabrics inherit fire resistant properties, they make them a suitable shield against fire in an accident. Thus, the rising number of structural cases across the world is forecasted to augment the market growth. A recent statistics reported that in 2020, there were almost 500,000 structure fires in the United States, an increment of 2 percent from 2019. Also, the structure fires caused approximately USD 12 billion in property damage in the same period.

  • High Investment in R&D Activities – According to the World Bank the research and development expenditure accounted 2.63% of total GDP in 2020. This was a rise from 2.13% of total GDP in 2017. 

  • Increased Expenditure on Advanced Materials and Chemicals – Latest data revealed that in 2019, the global research and development expenditure spending on advanced materials and chemicals was accounted for USD 40 billion.

  • High Employment Rate in the Field of Material Science – According to the U.S. Bureau of Labor Statistics, there were 6,700 active materials scientists in the United States in May 2019. Additionally, the employment rate of chemists and materials scientists in the region is anticipated to grow by 6% in the period from 2020 to 2030. Also, around 9,100 openings for chemists and materials scientists are projected each year over the next decade.

Challenges

  • High Manufacturing Cost
  • High Cost of Raw Materials
  • Complex Level of Production Technology

The flame resistant fabrics market is segmented and analyzed for demand and supply by end-use industry into industrial, oil & gas, building & construction, defense & public safety services, and transportation. Out of these, the oil & gas segment is anticipated to garner the highest revenue by 2031, owing to the expansion of oil and gas industry. According to recent estimates, the revenue generated by the United States’ oil and gas industry was about USD 110 billion in 2020, an increase from 2016 of USD 100 billion.

Major Macro-Economic Indicators Impacting the Market Growth

Flame Resistant Fabrics Market Region

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Flame Resistant Fabrics Market Regional Synopsis

Regionally, the global flame resistant fabrics market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these, the market in Asia Pacific is projected to hold the largest market share by the end of 2031. The primary reason for the market growth in the region is the increasing demand and manufacturing of textiles by the burgeoning population. China is leading the charts of global textile exporters in 2021 with a value of approximately USD 120 billion, almost 55% of the total textile export market in Asia. Moreover, Bangladesh is also a leading textile exporter, with a value of around USD 39 billion. Also, the employment rate in the clothing industry in the region is another factor that is expected to propel the market growth. According to the International Labor Organization, around 65 million people are employed in the garment sector in Asia-Pacific, which accounts for 75% of all garment workers worldwide.

Flame Resistant Fabrics Market Regional Synopsis

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The global flame resistant fabrics market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global flame resistant fabrics market includes the following segments:

By Type

  • Treated
  • FR Cotton
  • FR Viscose
  • Inherent
  • Aramid
  • PBI and by End-use Industry

By Application

  • Apparel
  • Non-apparel

By End-use Industry

  • Industrial
  • Oil & Gas
  • Building & Construction
  • Defense & Public Safety Services
  • Transportation

Top Featured Companies Dominating the Global Flame Resistant Fabrics Market

  • DuPont de Nemours, Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Evonik Industries AG
  • Huntsman International LLC
  • Kaneka Corporation
  • Lenzing AG
  • Milliken & Company Group
  • PBI Performance Products, Inc.
  • Solvay SA
  • Toyobo Co., Ltd.
  • Teijin Aramid BV

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