South Korea Fire Resistant Protective Wear Knitted Fabric Market Size & Outlook
South Korea fire resistant protective wear knitted fabric market, 2018-2030 (US$M)
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South Korea fire resistant protective wear knitted fabric market highlights
- The South Korea fire resistant protective wear knitted fabric market generated a revenue of USD 12.8 million in 2021 and is expected to reach USD 21.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.1% 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.
Fire resistant protective wear knitted fabric market data book summary
| Market revenue in 2021 | USD 12.8 million |
| Market revenue in 2030 | USD 21.7 million |
| Growth rate | 6.1% (CAGR from 2021 to 2030) |
| Largest segment | Aramid blends |
| Fastest growing segment | Cotton FR Blends |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 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, South Korea accounted for 2.4% of the global fire resistant protective wear knitted fabric market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China fire resistant protective wear knitted fabric market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 17.4 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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South Korea 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 56.25% in 2021. Horizon Databook has segmented the South Korea 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.
Incidents related to fire in the construction, steel, and petrochemical industries in South Korea over the past years have resulted in the deaths of many workers. According to Al Jazeera Media Network, in 2022 an explosion occurred in YEOCHUN NCC CO., LTD plant, which is a manufacturer of base materials for petrochemical industry, during a leak test.
In this explosion, four people got injured and four people died. According to the Ministry of Employment and Labor in South Korea, the country had one of the highest industrial workplace-related deaths in 2021.
This is due to ignorance of manufacturing companies which has led to strict actions taken by the government to avoid such incidents and improve workplace safety. There has been growing focus on workers safety which is expected to increase the demand for fire resistant protective wear in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea fire resistant protective wear knitted fabric market , including forecasts for subscribers. This country databook contains high-level insights into South Korea fire resistant protective wear knitted fabric market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea fire resistant protective wear knitted fabric market size, by fiber type, 2018-2030 (US$M)
South Korea Fire Resistant Protective Wear Knitted Fabric Market Outlook Share, 2021 & 2030 (US$M)
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