Fire Blanket Market: Current Analysis and Forecast (2023-2030)

A fire blanket is a safety device designed to extinguish small fires, particularly those involving clothing, household items, or flammable liquids. It is typically made of fire-resistant materials, such as treated fiberglass or wool, and is commonly housed in a compact and easily accessible container. The primary purpose of a fire blanket is to suffocate flames by cutting off the fire's oxygen supply. When a fire occurs, one can quickly pull the fire blanket from its container and drape it over the flames, completely covering the burning area. By depriving the fire of oxygen, it helps extinguish the flames and prevents the fire from spreading further.

The Fire Blanket Market is expected to grow at a strong CAGR of around 6.1% owing to the growing urbanization and stringent safety regulations. Furthermore, the booming housing market, coupled with the expansion of commercial public spaces such as offices, malls, hospitals, and recreational centers, has increased the importance of fire safety. Governments and regulatory bodies worldwide are implementing stringent fire safety laws and building codes to ensure the protection of lives and property. These regulations necessitate the inclusion of fire safety equipment, including the use of fire blankets. Moreover, over the years, the growing number of fire incidents has raised concerns about fire hazards and safety. Media coverage of such incidents has increased public awareness, making people more conscious of fire risks. Individuals are now more proactive in taking precautions and investing in fire safety products to safeguard their homes and workplaces. Fire blankets, with their ability to effectively smother flames quickly, are gaining popularity as an essential fire safety measure. Additionally, EVs present unique fire safety challenges due to the advanced battery technologies they employ. For instance, on January 2023, An electric car in the Numaish parking lot in Hyderabad India caught fire, resulting in three cars being completely burnt to ashes and three others being partially burned. While EVs have safety features built into their designs, the demand for fire blankets is increasing as an additional precautionary measure in case of battery-related fires. EV manufacturers and users are recognizing the importance of fire blankets as a preventive measure, further propelling their market potential.

Based on material, the market is segmented into glass fiber fire blankets, asbestos fire blankets, cotton fire blankets, and others. The glass fiber fire blanket holds the majority of the market share. The primary factors that are responsible for this high demand include safety and effectiveness, where glass fiber fire blankets capable of withstanding high temperatures and isolating fire effectively, preventing its spread and protecting the user. Furthermore, glass fiber fire blankets are typically lightweight and flexible, making them simple to handle during emergency situations. Moreover, glass fiber fire blankets are known for their durability and long lifespan. They can withstand repeated use without compromising their effectiveness, which contributes to their reliability and cost-effectiveness. Additionally, asbestos fire blankets, which contain harmful asbestos fibers, are being phased out due to their associated health risks. This regulatory phase-out has further increased the demand for alternative fire blanket options, such as glass fiber blankets. For instance, in the year 2023, the Oregon Legislatures reintroduced a bill to prohibit the utilization of asbestos. Additionally, in 2022, the U.S. Environmental Protection Agency proposed a ban on chrysotile asbestos. This ban would compel American companies to cease the usage of asbestos within two years.

Based on coating type, the market is segmented into aluminized, acrylic, silicone, and others. The aluminized coating is most commonly used in fire blankets and holds the majority of the market share in this segment. The primary factors that are responsible for this dominance include the fire resistance capability, where Aluminized coatings offer excellent resistance to high temperatures and flame spread. They are also capable of reflecting the radiant heat, protecting against thermal hazards. Furthermore, the reflective nature of the aluminized coating enhances its heat resistance properties. It helps repel heat, preventing the fire from spreading or causing further damage. Moreover, the aluminized coating acts as an effective insulator, minimizing heat transfer and providing a protective barrier between the fire and the user or the surrounding environment. For instance, as per the research published by the Fire and Material International journey, the HBEs (heat blocking efficiency) for the majority of aluminized materials exhibit remarkably high values, ranging from 90% to 98% relative to the other materials used as a reflective coating, as long as the reflective surface is properly maintained.

Based on the end-user, the market is segmented into industrial use, disaster management services, construction, marine, automotive, and others (aerospace, commercial kitchens, etc). The industries generate the maximum demand for fire safety blankets. Industries often involve flammable materials, processes, and machinery, increasing the risk of fire incidents. Fire blankets are used very often in the industrial setup for quickly extinguishing small fires or preventing flames from spreading. Furthermore, industries are subject to strict safety regulations that require the presence of fire safety equipment, including fire blankets, to mitigate risks and protect employees and assets. Moreover, fire blankets are essential in industrial settings to control fires before they escalate, reducing the potential for injuries, property damage, and production delays.

For a better understanding of the market adoption of white goods, the market is analyzed based on its worldwide presence in countries such as North America (The U.S., Canada, and the Rest of North America), Europe (Germany, The U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. The North American region is considered the largest market for fire blankets and there is a high demand for them in the region. The primary factors that are responsible for this high demand pertain to the factors that include stringent safety regulations in the region. North America, especially the United States, has strict safety regulations in various industries such as manufacturing, construction, healthcare, and hospitality. These regulations often require the presence of fire safety equipment, including fire blankets. Furthermore, North America has a significant industrial sector, including manufacturing, oil and gas, and chemical industries. These sectors often deal with hazardous materials and processes, increasing the need for fire safety measures, including fire blankets. Additionally, rapid urbanization and infrastructure development in North America have resulted in the construction of high-rise buildings, shopping complexes, hospitals, and hotels. These establishments require fire safety equipment, including fire blankets, to protect occupants and property.

Some of the major players operating in the market include ECOSAFE sa; TEXPACK® srl Unipersonale; Auburn Manufacturing, Inc.; INSULFLLEX; BSTFLEX Ningguo BST Thermal Products Co., Ltd.; Jactone Products Limited; IC International Limited; JUNKIN; ACMETEX INC; and Safelincs Ltd