Fire Resistant Fabrics Market worth 5.27 Billion USD by 2021 | Key Players include E.I. DuPont De Nemours and Company, Kaneka Corporation, PBI Performance Products Inc., Royal TenCate N.V., Teijin Ltd., Westex By Milliken, Gun EI Chemical Industry Co., Lt

According to recent research "Fire Resistant Fabrics Market by Type (Treated (FR Cotton and FR Viscose), Inherent (Aramid and PBI)), Application (Apparel, Non-Apparel), End Use Industry (Industrial, Defense & Public Safety Services, Transportation) - Global Forecast to 2021", published by MarketsandMarkets™, The global fire resistant fabrics market is estimated to be valued at USD 4.07 Billion in 2016 and is projected to grow at a CAGR of 5.3% to reach USD 5.27 Billion by 2021. Stringent regulations and standardizations pertaining to safety at the workplace is expected to drive the global fire resistant fabrics market.

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Stringent regulations and standardization pertaining to safety at workplace is expected to drive the global fire resistant fabrics market

The global fire resistant fabrics & market is estimated to be valued at USD 4.07 billion in 2016, and is projected to reach USD 5.27 billion by 2021, at a CAGR of 5.3% during the forecast period, 2016 to 2021. The global fire resistant fabrics market is segmented on the basis of type, application, end-use industry, and region.

The market for inherent fire resistant fabrics is expected to be the fastest growing, by type, from 2016 to 2021. Inherent fire resistant fabrics are projected to register the highest CAGR of 5.6%, in terms of value, from 2016 to 2021. This high growth of inherent fire resistant fabrics is mainly attributed to the increased demand for high performance fire resistant fabrics from developed regions.

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Agreements, new product launches, acquisitions, and expansions are the strategies adopted by the key players to strengthen their positions in the global fire resistant fabrics market. The maximum number of strategic developments undertaken between 2012 and 2016 took place in North America, followed by the Asia-Pacific region, and Europe.

The key players operating in the global fire resistant fabrics market are E.I. DuPont De Nemours and Company (U.S.), Kaneka Corporation (Japan), PBI Performance Products Inc. (U.S.), Royal TenCate N.V. (Netherlands), Teijin Ltd. (Japan), Westex By Milliken (U.S.), Gun EI Chemical Industry Co., Ltd. (Japan), Huntsman Corporation (U.S.), Lenzing AG (Austria), Solvay S.A. (Belgium), W. L. Gore & Associates Inc. (U.S.), and others.

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E.I. DuPont De Nemours and Company (U.S.) is the major fire resistant fabrics manufacturer, globally. The company has been focusing on agreements and new product launches to strengthen its market presence. For instance, in December 2014, the DuPont Protection Technologies unit won a contract worth USD 1.8 million from the Defense Logistics Agency Troop Support (DLA-TS) (U.S). The three-year contract entails building and maintaining a buffer stock of DuPont Nomex fibers and fabric for military applications. This helped the company to ensure long term supply of Nomex fibers. Also, the company launched a new product under its Nomex brand. The new product Nomex MHP, offers protection against various thermal hazards. This helped the company to attract more customers.

Teijin Ltd. (Japan) is another key player in the global fire resistant fabrics market. The company, in February 2016, designed new Twaron and Technora para-aramid fibers to protect lodges and evacuation shelters from airborne volcanic fragments. The new fabrics provide superior heat resistance and elastic modulus.

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