Flame-resistant Fabrics Industry - Regional Synopsis
APAC Market Statistics
The Asia Pacific flame-resistant fabrics market is projected to hold the largest revenue share by the end of 2037. The growth of the market can be attributed majorly to the fire incident that takes place in various industries, such as oil & gas, automobiles, and others. The workers in these industries can be helped with clothes made up of flame-resistant fabrics. For instance, a massive fire breakout at the Indian Oil Corporation (IOC) Haldia Refinery in West Bengal resulted in at least three worker fatalities and more than 44 injuries. Along with this, the majority of workers had suffered serious injuries and many employees were also at the critical stage of burning. Additionally, a similar incident took place at the textile and industrial goods plants in China, the fire was ignited from welding work and wrapped around 38 workers to death and 2 people suffered grave injuries. The flame-resistant fabrics market size in the region is also expected to expand on account of rising investment in the automotive industry. Apart from giving just protection against fire, the flame-resistant fabrics have amazing durability for the seat covers as well. By 2030, around USD 715 billion would be invested in rail infrastructure in India.
