Fire Resistant Fabrics Market - Forecast (2022 - 2027)
Fire Resistant Fabrics Market size is forecast to reach US$5.5 billion by 2026, after growing at a CAGR of 4.7% during 2021-2026. Globally, the growing developments in the petrochemicals, oil and gas, mining, and chemicals sectors have driven the growth of fire resistant fabrics market. Also, the increasing usage of fire containment bags and covers in the transport sectors is contributing to the growth of the fire resistant fabrics market. The rise in stringent industry regulations for workplace safety is expected to boost the fire resistant fabrics market. Furthermore, the growing demand from armed forces and rise in sales of automobiles fuels has uplifted the demand for fire resistant fabrics industry over the forecast period. Impact of Covid-19 Since the coronavirus outbreak began in China at the end of 2019, its impact has been felt across the global apparel and textile sector which in turn has a negative impact on the fire resistant fabrics market in the year 2020. The Internatio...