Fire Blanket Sales Market Size, Share, Growth, and Industry Analysis, By Type (Fiberglass Fire Blanket, Asbestos Fire Blanket, Cotton Fire Blanket, Others), By Distribution (Industrial Use, Public Places, Home, Others), Regional Insights and Forecast to 2032

Updated On: 29 April 2024

FIRE BLANKET SALES MARKET REPORT OVERVIEW

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global fire blanket sales market size was USD 281360 million in 2022 and market is projected to touch USD 438538.73 million by 2032 at CAGR 4.5% during the forecast period.

Looking ahead, technology developments are anticipated to have a big impact on the fire blanket market growth. Businesses are spending money on research and development to create cutting-edge fire blankets with improved features including increased heat resistance and handling simplicity.

Furthermore, market expansion is anticipated due to the increasing use of online stores for the purchasing of fire safety equipment. Customers are drawn to online retailers because they offer competitive pricing, ease of comparison, and convenience when purchasing the blankets.

COVID-19 Impact: Stoppage in the Operations of Automakers to Diminish Market Share 

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The new coronavirus created an unprecedented global outbreak that reached over 180 nations, claimed a great deal of lives, and severely damaged the world economy. Because the market is so dependent on the automobile, aircraft, and building and construction industries, COVID-19 had a negative effect on it. The continuous health problem widened the gap between supply and demand, impeding the world's supply chain for the blankets. 

Additionally, a number of automakers have either stopped or suspended their operations because of the possibility of infections among their employees. These blankets are employed as automobile foams in a number of under-the-hood locations, such as air intakes, manifolds, the pumps, and cam and valve covers. This momentarily impeded the market expansion during the COVID-19 pandemic.

LATEST TRENDS

Utilization of Technologically Superior Blanket Stimulate Market Development 

There are various new trends in the market. The growing use of technologically superior fire blanket such as those composed of fiberglass or Kevlar, which provide improved fire resistance and durability is one notable trend. The increasing need for blankets featuring characteristics that make maintenance and deployment simple and guarantee their efficacy in an emergency is another trend.

FIRE BLANKET SALES SEGMENTATION

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• By Type

Based on type the global market can be categorized into fiberglass fire blanket, asbestos fire blanket, cotton fire blanket, others.

Fiberglass Fire Blanket: Heat-resistant fiberglass is used to make fiberglass fire blankets, which offer protection from both heat and flames.

Asbestos Fire Blanket: Superior fire resistance is provided by asbestos fire blankets, which are made from asbestos fabric. Textiles were woven with asbestos to provide heat and fire resistance. They might be used as a body covering, wrapped over a heated pipe, furnace, or engine, or suspended resembling a screen or curtain.

Cotton Fire Blanket: Since they are made of woven cotton, cotton fire blankets prove useful at putting out minor fires.

Others: Fire blankets constructed of various materials or combinations that provide protection from fire solutions for particular demands are under the category labeled "others." The composition, durability, and resistance to fire of these varied fire blankets meet a range of needs.

• By Application

Based on application the global market can be categorized into industrial use, public places, home, others.

Industrial Use: Fire blankets are used in industrial settings to regulate or avoid workplace fires, safeguarding both people and property.

Public Places: Fire blankets are used in public spaces such as hotels, shopping centers, and hospitals as a precautionary measure in case of an emergency.

Home: In domestic settings, the blankets frequently appear to ensure protection in the event of a kitchen fire or other potential threat.

Others: Finally, to provide quick and efficient fire protection in various environments including restaurants, movie theaters, and schools, fire blankets can be utilized.

DRIVING FACTORS

"Environmental Friendly Blankets ""to Support Complete Market Expansion" 

Furthermore, fire blankets with lightweight, compact designs are becoming more and more popular because they are practical for both home and business use. Additionally, there is a boom in the market for environmentally friendly flame retardant blankets that are constructed of sustainable materials and are simple to discard after usage.

"Increment in Urbanization ""to Foster Industry Progress"    

The need for blankets to protect against fire is predicted to grow as industry and urbanization develop. The need for fire safety supplies, such as firefighting blankets, is especially high in sectors including manufacturing, oil & gas, and construction. The market is also expanding as a result of the rising number of residential buildings and the rising use of fire safety precautions in residences.

RESTRAINING FACTOR

"Availability of Substitute to Stop Market Evolution"  

Nevertheless, the industry faces difficulties such the availability of substitute fire safety measures and the existence of fake and inferior flame retardant blankets. These elements might somewhat impede market expansion.

FIRE BLANKET SALES MARKET REGIONAL INSIGHTS

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"Asia Pacific to dominate the Market owing to Depict Regulation over the Industry Attributed to Expansion of Automotive Sectors "

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

The market is dominated by the Asia Pacific due to rising demand from various countries, including China, Japan, and India. Furthermore, the expansion of the building and automotive sectors, as well as the presence of the electrical as well as electronic manufacturing hub in the area, all contribute to the growth of the fire blanket sales market share.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• Kidde Safety (U.S.)
• Honeywell Safety (U.S.)
• ULINE (U.S.)
• Hollinsend Fire Safety (U.S.)
• Junkin Safety (U.S.)
• Triangle Fire (U.S.)
• Water Jel (U.S.)
• Oberon (U.S.)
• Acmetex (U.S.)
• JACTONE (U.K.)
• Safelincs (U.K.)
• Acme United Corporation (U.S.)
• KLEVERS-Italian (Italy)
• Yaoxing (China)

INDUSTRIAL DEVELOPMENT

May 2023: With success, Huber Engineered Materials purchased MAGNIFIN GmbH and Co KG. The product line that was formerly offered by MAGNIFIN and marketed by Martinswerk GmbH has been seamlessly incorporated into Fire Retardant Additives (FRA), Huber's strategic business unit. Through this strategic combination, Huber's line of smoke suppressors, fire blankets, halogen-free flame retardants, and specialty aluminum oxides is strengthened, greatly increasing its market share globally.

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.