Heat Resistant Fabric market Movements by Trend Analysis, Growth Status, Revenue Expectation to 2029
The global heat resistant fabric market size is expected to surpass the highest CAGR due to the spiraling demand for high caliber fire-resistant fabric. The heat-resistant fabrics are composed of silicone, ceramics, neoprene, among other heat-resisting materials. Available in a wide variety of designs, these fabrics have a myriad of applications. This information is published by Fortune Business Insights™ in an upcoming report titled, “Heat Resistant Fabrics Market, 2021-2028.”
As per the report, the heat resistant fabrics market is gaining attraction due to several reasons. For instance, the safety concerns of employees at the workplace are rising. Government authorities such as the Occupational Safety and Health Administration are imposing stringent regulations regarding employees’ safety.
The pandemic has negatively impacted several industries and markets, including the heat-resistant fabrics market. Governments of several nations across the globe are implementing stringent measures like lockdowns, curfews, and social distancing norms. As a result, reduced revenues, disrupted operations, lower production levels, etc., can be witnessed across several markets. It is unclear to comment on how long the situation may persist this way. However, our research report’s detailed analysis will help you gain valuable insights into this niche market.
Key Players in the Heat Resistant Fabrics Market:
- Kaneka Corporation
- Performance Products Inc.
- Royal TenCate N.V
- Teijin Ltd.
- Hunstman Corporation
- Mid Mountain Materials
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On the basis of material, the heat resistant fabrics market segments into refractory, silicone, ceramics, neoprene, etc. On the basis of its application, the market divides into fire-fighting, industrial, etc. Geographically, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The information presented in the report incorporates the use of Porters’ Five Forces Analysis for an infallible prediction of the heat-resistant fabrics market. The report investigates the present status and the present status and future opportunities using SWOT Analysis. Several reputed stakeholders have contributed to the information presented in the report through interviews. The information accumulated at global, regional, and country-level research will help you get a detailed comprehension of the heat-resistant fabrics market. The report also focuses on the recent developments in the industry, including the research on key trends, new product launches, and expansions in the prospected market.
Drivers & Restraints-
Spiraling Demand from Various Industrial Sectors to fuel Heat Resistant Fabrics Market Growth
Heat resistant fabrics are used in the manufacturing of the toughest industrial materials. Industries like transportation, aerospace, automobile, etc., use heat-resistant fabrics. With heat-insulating properties such as low porosity, high thermal and chemical resistance, etc., the heat resistant fabrics market is experiencing spiraling demand from various industries. The rapid industrialization of BRICS nations is also expected to flourish the market growth. The stringent government regulations for employees’ safety is also rising. These factors are expected to boost the heat resistant fabrics market in the forthcoming years.
However, the adoption of automatic systems is on the rise as they facilitate more efficiency than humans in extreme heat conditions. This factor is likely to act as a restraint to market growth.
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Asia Pacific to Account for the Largest Share in Global Market
The rapidly growing automobile and transportation industries in countries like India, China, Singapore, etc. are contributing to the growth of heat-resistant fabrics due to their high application in these industries. With a large manufacturing base for heat-resistant fabrics in countries like India and China, the highest growth rate is expected from Asia Pacific.
North America is expected to witness significant growth. High demand is expected to arise due to the implementation of stringent regulations by government policies such as the Occupational Safety and Health Administration.
Escalating the adoption of heat resistant fabrics for the safety of workers is expected to bring significant growth to the market in Europe.
Constant R&D and Growth Strategies of Key Players to Consolidate Industry
The global heat resistant flame market is fairly fragmented. Major players are competing to stay at the top of the game by devising new strategies such as R&D, acquisitions, partnerships, etc. For instance, DuPont introduced heat-resistant fabrics under the brand name Nomex and Caviar.
- February 2021: Polyonics launched a new heat-resistant labels material named HIGHdegree. The new line can withstand 700 degree Celsius temperatures. The labels and tags can be applied to sheets, bars, rebar, tubes, etc.
- March 2020: Scientists from the National University of Science and Technology (NUST), Moscow, have fabricated a ceramic material that is more resistant than any other. The new material has a melting point of over 4100 degrees Celsius.
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