Published: Jan, 2019
The competition among players operating in the global flame resistant fabrics market is anticipated to intensify over the years ahead owing to the unique product categories being introduced by the leading companies, states Transparency Market Research (TMR) in a research report. The top-drawer companies operating in the global flame resistant fabrics market are TenCate, Teijin Aramid, Lenzing AG, Milliken & Company, and DuPont, among others.
As indicated by the report, the global flame resistant fabrics market was esteemed at US$ 3.63 bn in 2015 and is foreseen to achieve US$ 6.56 bn by the end of 2024, extending at a CAGR of 6.8% in the vicinity of 2016 and 2024. As far as region is concerned, Europe ruled the global flame resistant fabrics market in 2015. The demand for fire safe textures is assessed to be high in created locales inferable from the ascent in usage of a few directions on articles of clothing, and divider covering and upholstery applications in the course of the most recent couple of years. This is driving the interest for fire safe textures.
Modern defensive attire goes about as a steady and idle boundary amongst flame and skin, shielding the wearer from coordinate presentation. Expanding stringent controls for the assurance of laborers from word related risks is the key purposes behind the strength of the section. Transport is anticipated to be the quickest developing application section of the global flame resistant fabrics market amid the estimate period. These textures are likewise utilized in high-temperature hoses, for example, those nourishing hot air to delta manifolds.
Growing Applications to have Positive Impact on Market
The global flame resistant fabrics market manufacturers the materials which inalienably have properties which are flame resistant or are treated with a flame resistant substance, are widely used to fabricate pieces of clothing, decorations, and array for applications over various ventures, including cordiality, military, social insurance, and oil and gas. Mixes of treated and inalienably fire protection filaments textures are additionally regularly used to fabricate fire safe items for use over these and different enterprises.
In the previous couple of years, an immense ascent popular for flame resistant apparel for use in the guard business and a few different enterprises with consistent danger of flame flare-ups has been seen over the globe. Consequently, flame resistant apparels and the global flame resistant fabrics market delivering and highlighting fire safe textures makes for a commercial center with huge development openings, particularly as government directions in regards to representative security in high-chance ventures and operations turn out to be progressively stringent.
Slowdown in Demand for Industrial Clothing to Inhibit Market Growth
Industrial protective makes an inactive and stable obstruction between the skin and fire, allowing the wearer powerful assurance against guide introduction to blazes or over the top temperatures. While industrial protective clothing has seen broad ascent sought after crosswise over key end-utilize businesses, its demand bend steepened in 2015 attributable to a huge log jam in the oil and gas industry. By and by, applications over the vehicle business helped the global flame resistant fabrics market accomplish stable development and reasonable returns.
The information presented in this review is based on a TMR report, titled “Flame Resistant Fabrics Market (Application - Industrial Protective Clothing, Law Enforcement & Firefighting Services, Transport) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
The report segments the global flame resistant fabrics market as follows:
Flame Resistant Fabrics Market - Application Analysis
- Industrial Protective Clothing
- Law Enforcement and Firefighting Services
- Others (Including hot gas filtration applications, corporate and home furnishings)
Flame Resistant Fabrics Market - Regional Analysis
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- South Africa
- Rest of MEA
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