Flame-resistant Fabrics Market Share

APAC Market Statistics

The Asia Pacific flame-resistant fabrics market is projected to hold the largest revenue share by the end of 2035. 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.

Frequently Asked Questions (FAQ)

Increasing incidences of fire accidents in oil and gas industries, rising investment in the automotive sector, higher fire incidents in buildings, a and rise in the research and development of advanced materials are the major factors driving the market growth.

The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023-2035.

High cost of raw materials, the rising cost of manufacturing, and the deployment of equipment and complex production are estimated to be the growth-hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Evonik Industries AG, Huntsman International LLC, Kaneka Corporation, Lenzing AG, Milliken & Company Group, PBI Performance Products, Solvay, Toyobo Co., Ltd., Teijin Aramid B.V., DuPont de Nemours, Inc., and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, application, end-user industry, and by region.

The apparel segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

Flame-resistant Fabrics Market Share