Asia Pacific Fire Resistant Protective Wear Knitted Fabric Market Size & Outlook
Asia Pacific fire resistant protective wear knitted fabric market, 2018-2030 (US$M)
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Asia Pacific fire resistant protective wear knitted fabric market highlights
- The Asia Pacific fire resistant protective wear knitted fabric market generated a revenue of USD 115.3 million in 2021.
- The market is expected to grow at a CAGR of 6% from 2022 to 2030.
- In terms of segment, aramid blends was the largest revenue generating fiber type in 2021.
- Cotton FR Blends is the most lucrative fiber type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 115.3 million |
| Market revenue in 2030 | USD 195.2 million |
| Growth rate | 6% (CAGR from 2021 to 2030) |
| Largest segment | Aramid blends |
| Fastest growing segment | Cotton FR Blends |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aramid Blends, Inherent FR Blends, Cotton FR Blends |
| Key market players worldwide | Baltex, DuPont de Nemours Inc, Nam Liong International, DROTEX, XM Textiles, Argar, Sintex Industries, Hornwood, Beverly Knits, Gehring-Tricot, Marback Tricot, Orneule, Artex Knitting Mills |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.1% of the global fire resistant protective wear knitted fabric market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 195.2 million by 2030.
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Fire Resistant Protective Wear Knitted Fabric Market Scope
Fire Resistant Protective Wear Knitted Fabric Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific fire resistant protective wear knitted fabric market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to fire resistant protective wear knitted fabric market will help companies and investors design strategic landscapes.
Aramid blends was the largest segment with a revenue share of 53.77% in 2021. Horizon Databook has segmented the Asia Pacific fire resistant protective wear knitted fabric market based on aramid blends, inherent fr blends, cotton fr blends covering the revenue growth of each sub-segment from 2018 to 2030.
Low production costs and availability of cheap labor are driving multinational companies to set up their production facilities in developing countries, including China and India. However, these economies have experienced a significant increase in injuries and fatalities across industries due to lack of superiorquality protective gear.
This further leads to high compensation costs for employers in the long term. These trends are anticipated to accelerate the expansion of fire-resistant protective wear market in the region. International Labor Organization (ILO) and World Health Organization (WHO) estimated 1.2 million workrelated deaths from 2000–2016 in the Asia Pacific.
Governments and employers are increasing their efforts to prevent accidents and diseases in workplace. ILO is working with companies to strengthen the national occupational safety and health (OSH) system. This includes awareness campaigns, policy frameworks, and occupational incident reporting and monitoring. This initiative is anticipated to positively impact market growth.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific fire resistant protective wear knitted fabric market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific fire resistant protective wear knitted fabric market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific fire resistant protective wear knitted fabric market size, by country, 2018-2030 (US$M)
Asia Pacific Fire Resistant Protective Wear Knitted Fabric Market Outlook Share, 2021 & 2030 (US$M)
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