Global fire resistant fabrics market predicted to grow 5.2% 2016-2022
According to market research “Global Fire Resistant Fabrics Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Type (Apparel Fire Resistant Fabrics and Non-Apparel Fire Resistant Fabrics) by Application (Industrial Protective Clothing, Defense and Firefighting Services, Transportation, Others)” by P&S Market Research, the global fire resistant fabrics market was valued at $3,950.8 million in 2015, and it is expected to grow at a CAGR of 5.2% during 2016 - 2022.
Factors driving the growth of the global market include increased concern for safety and stringent safety regulations, rapid industrialization, and increasing flame resistant fabrics utilization in home and commercial furnishing. Additionally, the continuously evolving demand for more comfortable and safer industrial protective clothing, along with continuous research and development for new product innovation is expected to propel the demand for fire resistant fabric.