Market Size of Fire-resistant Fabrics Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.32 Billion |
| Market Size (2029) | USD 4.39 Billion |
| CAGR (2024 - 2029) | 5.73 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Fire-resistant Fabrics Market Analysis
The Fire-resistant Fabrics Market size is estimated at USD 3.32 billion in 2024, and is expected to reach USD 4.39 billion by 2029, growing at a CAGR of 5.73% during the forecast period (2024-2029).
The market was negatively impacted due to the COVID-19 pandemic. Owing to the pandemic, several countries worldwide went into lockdown to curb the spread of the virus. This completely disrupted the supply and demand chain, negatively affecting the market. The market has recovered from the COVID-19 pandemic and has grown at a significant rate.
- Over the short term, stringent industrial standards for fabrics, the increasing demand for fire-resistant fabrics in home and commercial furnishing, and growing demand from the mining industry in South America are driving the market's growth.
- On the flip side, the high price of raw materials that are used to make fire-resistant fabric and the lack of safety compliances are expected to hinder the market's growth.
- Nevertheless, rapid industrialization in BRICS countries (Brazil, Russia, India, China, and South Africa) is expected to be an opportunity during the forecast period.
- Asia-Pacific is expected to account for the largest share during the forecast period, owing to increasing consumption from countries such as China and India.
