Latin America Fire Resistant Protective Wear Knitted Fabric Market Size & Outlook
Latin America fire resistant protective wear knitted fabric market, 2018-2030 (US$M)
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Latin America fire resistant protective wear knitted fabric market highlights
- The Latin America fire resistant protective wear knitted fabric market generated a revenue of USD 17.8 million in 2021.
- The market is expected to grow at a CAGR of 4% 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, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 17.8 million |
| Market revenue in 2030 | USD 25.4 million |
| Growth rate | 4% (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, Latin America region accounted for 3.4% 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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Latin America 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 51.12% in 2021. Horizon Databook has segmented the Latin America 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.
In Central & South America, Argentina, Brazil, Colombia, and Venezuela are the key oil producers. As such, they require fire-resistant protective wear knitted fabrics to ensure the security of their workforce in oil plants. Moreover, the metallurgy and mechanical industries in Argentina and Brazil contribute a significant share of the total industrial output.
The growth of these industries in these countries is expected to further support the demand for fire-resistant protective wear knitted fabrics in Central & South America in the coming years. Brazil has emerged as a key industrial hub in Central & South America, followed by Argentina, Venezuela, and Chile.
However, the economic crisis in Brazil owing to the rise in inflation is expected to negatively affect the demand for fire-resistant protective wear knitted fabrics in different end-use industries in Brazil. These above-mentioned factors are anticipated to affect the overall growth of the market in the region in the coming years.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America fire resistant protective wear knitted fabric market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America fire resistant protective wear knitted fabric market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America fire resistant protective wear knitted fabric market size, by country, 2018-2030 (US$M)
Latin America Fire Resistant Protective Wear Knitted Fabric Market Outlook Share, 2021 & 2030 (US$M)
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