Fire Resistant Fabrics Market 2021 | Latest Technological Advancement, Industry Trends, Competitive Landscape, Explosive Factors of Revenue by Key Vendors Size Forecast Analysis 2030

In a recent published report, Kenneth Research has updated the market report for Fire Resistant Fabrics Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

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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Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.

A report on Fire Resistant Fabrics Market has recently been added into the market research report database of Kenneth Research, which provides a full assessment to its readers on the growth prospects of the market, along with the potential business opportunities in the industry. The study, which focuses on the latest trends, business dynamics, growth opportunities and drivers that are influencing the market growth, also includes the market size and the compounded average growth rate (CAGR) for the forecast period 2021 and 2025. The report on Fire Resistant Fabrics Market also includes comprehensive analysis on both the macro- and micro-environmental factors that may influence the market growth during the forecast period. Additionally, analytical tools such as PESTEL analysis and Porter’s five forces analysis are used to calculate and compile the factors that are acting as the driving force for the growth of the market.

Global Fire-Resistant Fabrics Market was valued at USD 4.37 Billion in the year 2018. Global Fire-resistant Fabrics Market is further estimated to grow at a CAGR of 5.5% from 2019 to reach USD 9.36 Billion by the year 2025.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Asia Pacific region holds the highest Market share in 2018 and Europe is considered as the fastest growing Market in the forecasted period. At the country level India and China are the major markets and holds a substantial Market share in 2018 and it is projected to grow at a gradual pace in the coming years.

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The Fire-resistant Fabrics Market is segmented on the basis of type, by end- user application, and by region. By type, the Market is categorized into apparel and non-Apparel is the largest application of fire-resistant fabrics and is expected to grow with XX% CAGR in coming years. This is majorly owing to the rising demand for protective clothing. Based on end-user application, Industrial protective and mining clothing is expected to dominate the fire-resistant fabrics Market with a share of more than XX%, owing to increasing demand from oil & gas, construction and manufacturing, mining, and chemical industries.

Major market players in Fire-Resistant Fabrics Market are Dow, DuPont, Glen Raven Inc., Huntsman International LLC, Kaneka Corporation, Lenzing AG, Newtex Industries Inc., PBI Fibers International, Royal Tencate N.V., Solvay, Teijin Limited, and other 9 more companies provided in the report.

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SWOT analysis of Fire-Resistant Fabrics Market
Growing demand in end- user industries
Increasing Demand for Fire Resistant Fabrics in Home and Commercial Furnishing

High price and long production cycles

Rapid Industrialization in BRICS Nations

Barriers for Entry of New Players

Fire-Resistant Fabrics Market Segmentation:
Fire-Resistant Fabrics Market Overview, By Type
*Non- Apparel

Fire-Resistant Fabrics Market Overview, By End User Application
*Industrial Protective & Mining Clothing
*Defense & Firefighting Services

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Fire-Resistant Fabrics Market Overview, By Region
North America
*Rest of Europe
*Rest of Asia-Pacific
*Latin America
*Middle East & Africa

Reasons to Purchase this Report
*Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
*Provision of market value (USD Billion) data for each segment and sub-segment
*Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
*Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
*Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
*Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players

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