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Flame Resistant Fabrics Market Analysis, Application, Regional Outlook, Competitive Strategies and Forecast to 2024

Author : Rahul Varpe | Published Date : 2019-09-13 

Global Market Insights, Inc. presents the Flame Resistant Fabrics Market provides a detailed overview of major drivers, restraints, challenges, opportunities, current industry trends and strategies impacting the global market along with estimates and forecast of revenue.

Analysts deem the stringent industry regulations toward safety at workplace to be one of the pivotal factor reinforcing flame resistant fabrics market demand. Fire safety is a growing concern in oil and gas industry and is acknowledged as one of the most dangerous work sectors.

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As per reports, the Bureau of Labor Statistics confirmed that in 2014, the mean fatal injury rate for all U.S. workers in all the sectors remained 3.3 per 100,000 workers, however, for the oil & gas industry the fatal injuries increased by 27% from 2013 to 2014, resulting in 142 fatal injuries, thus making the rate nearly 16 deaths per 100,000 workers. In consequence, the oil and gas sector is continuously striving to improve its safety standards, which would have a proportional impact on flame resistant fabrics market share. The 2010 power plant explosion in Middletown, Connecticut, United States, which reportedly killed 6 people and injured more than 50, can also be traced to poor safety methods toward flammable gases.

On further investigation, reports revealed that the plant violated hundreds of safety standards that OSHA deemed “willful”. In effect, the agency fined the companies involved with no less than USD 16.6 million, one of largest penalties ever released. These instances provide a clear testament to the fact that fire safety measures play an important role across a myriad range of sectors, especially in the oil & gas domain. As fire safety fabrics prove to be important safety products or fire barriers, research reports estimate the oil & gas industry to make lucrative contributions towards the expansion of flame resistant fabrics market in the ensuing years.

Analysts deem the stringent industry regulations toward safety at workplace to be one of the pivotal factor reinforcing flame resistant fabrics market demand. Fire safety is a growing concern in oil and gas industry and is acknowledged as one of the most dangerous work sectors. As per reports, the Bureau of Labor Statistics confirmed that in 2014, the mean fatal injury rate for all U.S. workers in all the sectors remained 3.3 per 100,000 workers, however, for the oil & gas industry the fatal injuries increased by 27% from 2013 to 2014, resulting in 142 fatal injuries, thus making the rate nearly 16 deaths per 100,000 workers.

In consequence, the oil and gas sector is continuously striving to improve its safety standards, which would have a proportional impact on flame resistant fabrics market share. The 2010 power plant explosion in Middletown, Connecticut, United States, which reportedly killed 6 people and injured more than 50, can also be traced to poor safety methods toward flammable gases. On further investigation, reports revealed that the plant violated hundreds of safety standards that OSHA deemed “willful”.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2056

In effect, the agency fined the companies involved with no less than USD 16.6 million, one of largest penalties ever released. These instances provide a clear testament to the fact that fire safety measures play an important role across a myriad range of sectors, especially in the oil & gas domain. As fire safety fabrics prove to be important safety products or fire barriers, research reports estimate the oil & gas industry to make lucrative contributions towards the expansion of flame resistant fabrics market in the ensuing years.

Read More:

Glass Packaging Market by Manufacturers, Regions, Type and Application Forecast to 2025

https://www.benzinga.com/press-releases/19/09/wr14412543/north-america-glass-packaging-market-will-grow-at-3-5-cagr-to-2024-from-pharmaceutical-industry

 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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