The global flameretardant fabrics market size was valued at USD 1,537.45million in2023 and is projected to reach a valuation of USD 1,608.10 million in 2024. The market is expected to reach USD 2,349.89 million by 2032 with a CAGR of 4.9% during the forecast period.
Flame retardants fabrics are made from special flameretardant chemicals by the process of chemical treatment. They are made to
offer efficacy which makes them an ideal for various apparel and non-apparel
applications. Increasing demand for these fabrics from various industries is
set to drive the market growth.
The COVID-19 pandemic impacted the export and importactivities globally. Lockdown restrictions led to supply chain disruptions and
delays in the industrial sector.
FortuneBusiness Insights™shares this information in its report titled “Flame Retardant Fabrics Market, 2024-2032.”
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Segmentation
Non-Apparel Segment Led The Market Owing To VariousAdvantages Offered
On the basis of the application, the market is divided intoapparel and non-apparel. Non-apparel segment led the market share owing to itswide applications in home textiles, industrial, and defense. Thesefabrics are strong, lightweight, resistant, and excellent resistivity which
makes it ideal for numerous applications.
Report Coverag
The report provides a detailedanalysis of the top segments and the latest trends in the market. It
comprehensively discusses the driving and restraining factors and the impact of
COVID-19 on the market. Additionally, it examines the regional developments and
the strategies undertaken by the market's key players.
Driversand Restraints
Rise In The Geo-Political Tensions Due To Russia-Ukraine War To Propel The Market Growth
Rise in the defensebudget is set to drive the flameretardants fabrics market growth. With rise in the geo-political tensions due to Russia-Ukraine war andeconomic situations to increase in their defense expenditure. These situations
triggered the defense spending by 9% equivalent to USD 2.2 trillion in 2023,
marking it to be an all-time high. Ukraine’s defense saw an high rise by USD
31.1 billion in 2023 with Russia increasing its spending by USD 108.5 billion. These
fabrics are useful in manufacturing of various products such as uniforms,
combat gear, tents, sleeping bags, etc. that require flame-resistant properties.
However, improper management of the waste fromthe flame retardants hamper the market growth. Harmful effects associated with
these retardants are also set to hamper the product adoption.
