Jiangsu Textile Research Institute Inc.

With the continuous improvement of global safety performance requirements, the demand for flame-retardant fabrics is increasing year by year, and the market size continues to expand. The development of this industry is not only related to the safety of industrial production, but also closely related to the safety of people's daily lives. The following is an analysis of the prospects of the flame retardant fabric industry in 2024.

As global environmental awareness increases, environmental protection and sustainable development have become important trends in the development of various industries, and the flame-retardant fabric industry is no exception. The development and application of new flame-retardant fabrics will pay more attention to the environmental protection and recycling of raw materials to reduce the impact on the environment. The "Market Demand and Investment Consulting Report on China's Flame-Retardant Fabric Industry 2023-2028" points out that the global flame-retardant fabric market is expected to reach US$1.49 billion in 2029, with a compound annual growth rate of 2.5%.

In order to meet the market's dual needs for comfort and functionality, new flame-retardant fabrics are constantly emerging, such as fabrics made of new materials such as inorganic flame-retardant fibers and flame-retardant composite materials, which have better flame-retardant performance and comfort. In addition, combined with nanotechnology, functional coating technology, etc., flame-retardant fabrics can also be equipped with additional functions such as waterproofing and anti-pollution to meet the diverse needs of fabrics in different fields. Technological innovation and product upgrades will further promote the development of the flame-retardant fabric industry and enhance the industry's competitiveness and market position. Next, we will analyze the prospects of the flame retardant fabric industry in 2024 from two major aspects.

Flame retardant fabric industry analysis

With the continuous advancement of technology, the performance of flame-retardant fabrics will continue to be improved, and the application fields will become wider. At the same time, new production processes and materials will continue to be developed, injecting new vitality into the development of the flame retardant fabric industry. In addition, as the country's emphasis on production safety and environmental protection continues to increase, the flame-retardant fabric industry will also receive more policy support and financial support. This will help the flame-retardant fabric industry achieve greater breakthroughs and development in technological innovation, market expansion, brand building and other aspects.

With the improvement of global safety standards and consumers' increasing attention to product safety performance, the demand for flame-retardant fabrics industry has shown a steady growth trend. This growth is not only reflected in the high demand for flame-retardant materials in the industrial field, such as petrochemical industry, power facilities, etc., but also in the civilian field, such as home decoration, vehicle interiors, etc., with increased demand for flame-retardant fabric industry.

From the perspective of production technology, my country's flame-retardant fabric production technology has become increasingly mature, which can not only meet the needs of the domestic market, but also be exported to overseas markets in large quantities. However, compared with the international advanced level, my country's flame-retardant fabrics still lag far behind in terms of technology research and development and product innovation. In addition, low industry concentration and small enterprise scale are also the main problems faced by my country's flame retardant fabric industry.

Flame retardant fabric market prospects

As materials science advances, the performance of flame-retardant fabrics has been significantly improved. New flame-retardant fabrics not only have higher fire resistance, but also provide better comfort and durability. These improvements have led to wider use of flame-retardant fabrics in a variety of areas including apparel, home furnishings and industrial applications. Nowadays, through the application of nanotechnology, fabrics that are lighter, softer and more flame-retardant can be produced, and these fabrics are especially popular in the high-end market.

Judging from the global flame retardant fabric market trends, it is expected that the compound annual growth rate from 2022 to 2030 will reach 5.5%, and the market size will increase significantly. There is a large demand for flame-retardant fabrics in construction, chemical industry, aviation and other fields. Especially in high-risk fields such as fire protection, oil and gas, and military, the application of flame-retardant fabrics is indispensable. At the same time, with the advancement of technology, new application fields are gradually emerging, such as smart homes, electric vehicles and other fields have also begun to use flame-retardant fabrics, which will further promote the growth of the flame-retardant fabric market.

The demand for flame-retardant fabrics in construction, transportation, military, aerospace and other fields is increasing. Especially in the construction industry, flame-retardant fabrics are widely used in interior decoration, furniture, curtains, etc. to improve the fire safety of buildings; in the transportation field, flame-retardant fabrics are used in car interiors, aircraft seats, etc. to improve the fire safety of buildings. Reduce fire risk. In addition, as people's requirements for quality of life and safety increase, the application of flame-retardant fabrics in consumer goods such as household products, clothing and personal protective equipment is also expected to be further expanded.

In the future, the flame-retardant fabric market has promising prospects, and its development is driven by multiple factors such as safety regulations, environmental protection trends and technological progress. As these factors continue to play a role, the flame retardant fabric market is expected to continue to grow. In addition, as people pay more attention to life safety, the demand for flame-retardant fabrics in the civilian market has gradually increased. Especially in the fields of real estate, home furnishing, hotels and other fields, the application of flame retardant fabrics is becoming more and more widespread.