Saudi Arabia Fire Resistant Fabrics Market Analysis, Forecast 2023-2030
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Saudi Arabia Fire Resistant Fabrics Market size at USD 270.42 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Saudi Arabia Fire Resistant Fabrics Market size to expand at a CAGR of 8.27% reaching a value of USD 783.08 million by 2030. Strict fire safety laws and growing demand from a variety of industries, including manufacturing, military & defense, and construction, are key drivers of the Saudi Arabia Fire Resistant Fabrics Market. Moreover, over the forecast period, growing consumer awareness about the advantages of fire-resistant fabrics is expected to propel the market expansion in Saudi Arabia.
Opportunity - Increasing research and development activities
The Fire Resistant Fabric Market is attracting significant investments in research and development (R&D) programs. R&D is mainly focused on the development of affordable fire resistant fabrics and expanding their application in different sectors. Fire resistant fabrics, for instance, are gaining significant traction in the automotive industry with the expanding automotive manufacturing sector in Saudi Arabia. Automobiles with hazardous materials like batteries and flammable chemicals are equipped with fire resistant fabrics to prevent fire breakouts.
Saudi Arabia Fire Resistant Fabrics Market
Segmental Coverage
Saudi Arabia Fire Resistant Fabrics Market – By Material Type
Based on material type, the Saudi Arabia Fire Resistant Fabrics Market is segmented into nylon, cotton, moda-acrylic, viscose, aramid, polyacrylonitrile (PAN) fiber, polybenzimidazole (PBI) fiber, and others. The nylon segment holds the highest share in the Saudi Arabia Fire Resistant Fabrics Market. The growth of the segment is mainly attributed to the high melting point and low thermal conductivity of nylon, which makes it the preferred material for fire resistant fabric.
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Saudi Arabia Fire Resistant Fabrics Market – By End User
Based on end user, the Saudi Arabia Fire Resistant Fabrics Market is segmented into construction, chemical, military & defense, manufacturing, transportation, and others. The construction sector dominates the Saudi Arabia Fire Resistant Fabrics Market by end user. The increasing construction activities, including the building of various residential and commercial complexes, to facilitate the infrastructural development to support economic diversification across the Kingdom is boosting the demand for fire resistant fabrics in the country.
Competitive Landscape
Major players operating in the Saudi Arabia Fire Resistant Fabrics Market include Dupont, Solvay, Business Wear Uniform Company, Madras Canvas, KareemTex Uniforms, and FPC Industrial Co.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
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