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Fire Resistant Fabrics - Global Market Trajectory & Analytics

  • ID: 4804915
  • Report
  • May 2020
  • Region: Global
  • 577 pages
  • Global Industry Analysts, Inc
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As companies cut CAPEX and R&D spends amid the recession, Fire Resistant Fabrics market will witness temporary disruption in business opportunities. As COVID-19 infections surge to over 3 million, the global economy is entering into a recession at -3% GDP growth for the year 2020. Business confidence is nose diving as the pandemic worsens and continues to spread. Virtually every company is facing financial woes as the pandemic stalls economic activity and disrupts trade, production, demand and supply. Investor confidence as measured by equity-market performance is in a free fall. Against this backdrop, B2B spending is freezing. With industrial and manufacturing activity coming to a grinding halt, purchases of PPE including fire resistant clothing by chemical and other industrial plants and factories are also being impacted. Demand for these fabrics in the manufacture of curtains, furnishings, and other decorative textiles are also declining in parallel to the decline in consumer discretionary spending. With defense budgets expected to be slashed with the pandemic widening government deficits, new orders from the military sector will also decline in the coming years. R&D budgets for new fire resistant fabrics are being downsized, stifling innovation which is a key growth catalyst. Manufacturers' revenues are declining amidst quick drying up of customer orders, sales and cash reserves. Against this backdrop, the global market size for Fire Resistant Fabrics is revised at a projected US$4.6 billion for the year 2027.

The market will however bounce back in the post COVID-19 period as the threat of fire accidents is ever-present, despite stringent fire safety regulations in workplaces and factory floors. Growing awareness over the importance of fire prevention plans will see a return of voluntary adoption of fire safety measures by companies as the economic climate improves. Rising costs of non-compliance to worker safety regulations in the form of hefty penalties and expensive legal services and guidance will also encourage investments in personal protective equipment (PPE) during this period. The most important motivation for investing in fire resistant clothing as always will be the significant economic and financial losses caused by fires to not just property and assets but also the unquantifiable social cost of loss of life and injuries. Human loss and suffering is immeasurable. Fire-related fatalities and injuries continue to remain high especially in high risk hazardous work environments like oil and gas, chemical plants, process plants, metalworking job shops, among others. As plant operationsgradually resume, demand for fire safety wear will also improve as flame-retardant (FR) and flame-Resistant (FR) clothing are the first line of personnel protection against fire.

A fair share of focus will be shed on developing clothing with comfortable fit and mobility for a wide range of body types and contours. Cost, comfort and protection have always been key design and development considerations. Gender specific innovations which were rife in the market before the pandemic will regain lost momentum. Few of the innovations that the market has witnessed so far include fabrics based on partially carbonized materials that do not decompose to form hard plastic when exposed to fire like meta-aramid fibers, moisture-wicking garments that keeps the wearer cool and dry in extreme heat, anti-bacterial and anti-odor fabrics, multilayered woven and non-woven protective fabric assemblies, insulation materials and reinforced woven's in composite solutions, and a host of other fabrics with diverse multi-functional features such as body temperature control, motion enhancement, lightweight, comfort, breathability, evaporation, moisture control, flexibility, and anti-static property. Growth in the post pandemic period will also come from the rapid expansion of fire disaster planning and management teams. Extreme weather conditions, global warming and the ensuing unnatural and abnormal increase in forest fires, will lead to the expansion of disaster management forest service firefighter teams. With temperatures high than normal, there is a 6 fold increase in forest fires in countries across the world. Also, with fire safety norms becoming stringent, there will be a need for expanding fire response and firefighting teams which are currently understaffed and overworked in numerous countries.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
COVID-19 Outbreak: Looming Global Recession and the Impact on Fire Resistant Fabrics Market
Surging Coronavirus Infections, Plummeting Business Confidence & Equity-Market Performance to Disrupt Sales, R&D & Stifle Innovation in Advanced Functional Fabrics
World MSCI ACWI Index (% Change) & Number of COVID-19 Infections
An Introduction to Fire Resistant Fabrics
Fire Resistant Fabrics: Current Market Scenario and Outlook
Recent Industry Activity
Revenue Contribution of Developed Regions Remains High
World Market for Fire Resistant Fabrics: Percentage Breakdown of Revenues for Developed and Developing Regions (2020 & 2027)
Developing Regions Emerge as New Growth Markets for Flame Resistant Fabrics
World Fire Resistant Fabrics Market - Geographic Regions Ranked by CAGR (Value) for 2020-2027
Treated Fabrics Gain Traction
Inherent Fabrics Demonstrate Fast Paced Growth
Aramid Fibers Most Sought After Materials in Inherent Fabrics
The “Great Lockdown” of 2020 Crushes the Global Economy
What Does This Mean for Fire Resistant Fabrics Market?
Real GDP Growth Rates in % by Country/Region for the Years 2019 and 2020
Global PMI Index Points for 2018, 2019 and 2020
Competitive Landscape
Global Competitor Market Shares
Fire Resistant Fabrics Competitor Market Share Scenario Worldwide (in %): 2020E

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Industrial Sector: A Major Consumer of Fire Resistant Fabrics
Fire Resistant Fabrics Significance in Oil & Gas Facilities
Chemical Plants
Current Market for Fire Resistant Apparel/ Workwear
Defense Departments Rely on FR Fabrics to Resolve Challenging Needs
FR Fabrics Come to the Fore to Aid Firefighting Departments
The Most Destructive of All Accidents, Fire Accidents Call for Fire Disaster Preparedness
Global Reported Number of Fire Accidents (In Million)
High Growth Opportunities in Transportation Applications
World Transportation-Grade Fire Resistant Fabrics Market by Sector (2020E)
FR Fabrics Gaining Traction in Domestic Textiles
Certifications Do Not Reveal the Actual Structural Integrity of FR Fabrics/ Garments
Brief Note on Standards and Certifications
Innovations and Advancements
Advancements in High Temperature Fibers
Protective Fabrics: Select Advancements
Aluminized Fabrics
Active Protection System
Protective Flex
Thermal Sensitivity Fabrics
Protection against Chemical and Biological Threats
Select Product Innovations and Launches

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
Impact of COVID-19 Pandemic on the US Fire Resistant Fabrics Market
CANADA

JAPAN

CHINA
Impact of COVID-19 Pandemic on the Chinese Fire Resistant Fabrics Market
Market Analytics
EUROPE
Impact of COVID-19 Pandemic on the European Fire Resistant Fabrics Market
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA

IV. COMPETITION
Total Companies Profiled: 58
Note: Product cover images may vary from those shown
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