Fire Resistant Fabrics Market Trends

Growth Drivers

• Growing Aviation Industry – There is a need for a right fabric material for the production of aircraft, as fire, and smoke inhalation are the major reasons for the substantial percentage of aircraft accident deaths. Therefore, an increase in the number of aircrafts will propel the market demand.

• Increasing Incidence of Fires in the Oil and Gas Industry – There has been an increase in the number of fire outbreaks in the oil and gas industry, which is surging the demand for fire-resistant fabrics.

• Surging Investment in Electric Vehicles – There has been surging investment in electric vehicles, followed by rising demand among the people. Moreover, the increasing government initiatives through investment to support the e-vehicles are owing to various environmental concerns, driving the fire-resistant fabrics market revenue.
   
• Rising investment on Advanced Materials and Chemicals – The workers in the chemical industry are more prone to hazardous chemicals that can create fire, and smoke, boosting the use of fire-resistant fabrics.

Challenges

• Lack of safety compliance in the industrial sector.
• There is a major role of the raw material in the production of fire-resistant fabrics. The raw material should be able to bear the heat of fire, and different processes are followed in order to produce the fire-resistant fabrics. Furthermore, the high cost of fire-resistant fabrics is not accessible by all the safety required industries in emerging countries Therefore, the prices of the raw materials keep fluctuating, and it is expected to restrain the growth of the market.
   
• Complicated technology used for the Production of the fire-resistant fabrics.