+1-888-308-5802     
News Contact Us

Flame Resistant Fabrics Market Is Booming Worldwide | Top Key Players - DuPont, Milliken & Company, Huntsman International LLC, LENZING AG, Teijin Aramid B.V., Evonik Industries AG

Author : Ravi Chawat | Published Date : 2020-08-27 

As per estimates, hybrid flame resistant fabrics market size is poised to grow at a rate of 6% through 2024. The growth can be attributed to cost-efficiency and lightweight as well as Its superior characteristic of never losing fire resistance properties even after several years of use.

Imposition of strict industry regulations pertaining to worker protection and safety is the key factor driving global flame resistant fabrics market outlook. Flame resistant fabrics are protective clothing that act as fire barrier to offer protection and safety to workers involved in tasks associated direct and indirect exposure to fire, hot vapors or electricity.

The product has an extensive application range in industries including oil & gas, mining, construction and infrastructure, chemical and military for protecting labors working in critical sites. There are three types of flame resistant fabrics: inherent, treated and hybrid. The hybrid product range is experiencing high demand owing to its wide range of applications in several industries.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/2056

Stringent regulations regarding workplace safety

Governments across the globe are making businesses realize the importance of maintaining safety at workplaces, which creates a high demand for different kinds of personal protective equipment across industries. Industrialists are getting conscious and are expressing social responsibility towards employees.

Rise in number of norms enforcing industrial worker safety has prompted industrialists in developed as well as developing economies to invest in flame resistant garments for employees. For instance, Europe is estimated to hold a potential for volume consumption of around 22% of the total industry revenue over the projected timeframe. Flame resistant fabrics market industry size is forecast to cross the USD 1.9 billion mark by 2024 worldwide, according to estimates.

Key Point Of TOC:

Chapter 7. Company Profiles

7.1. DuPont

7.1.1.  Business overview

7.1.2.   Financial data

7.1.3.   Product landscape

7.1.4.   Strategic outlook

7.1.5.   SWOT analysis

7.2. Milliken & Company

7.2.1.  Business overview

7.2.2.   Financial data

7.2.3.   Product landscape

7.2.4.   Strategic outlook

7.2.5.   SWOT analysis

7.3. Huntsman International LLC

7.3.1.  Business overview

7.3.2.   Financial data

7.3.3.   Product landscape

7.3.4.   Strategic outlook

7.3.5.   SWOT analysis

7.4. LENZING AG

7.4.1.  Business overview

7.4.2.   Financial data

7.4.3.   Product landscape

Continue...

Extensive application scope of PPE

Flame resistant fabric is ideal for use across various applications apart from manufacturing. From transportation sector, flame resistant fabrics industry is expected to garner gains at 6.5% in the coming years, owing to rising investments for construction of better transportation system, road network, railways and metro in developing countries.

The product also finds application in sectors where workers are exposed to toxic chemicals, vapors, fumes and flame. Rapid industrialization rate in African and Asia Pacific countries will augment product demand.

Request for customization @ https://www.gminsights.com/roc/2056

Expanding manufacturing base in APAC

Most of the OEMs across the developed economies are shifting their manufacturing base to Asia Pacific countries, primarily to India, China and Japan, as the labor and raw material is much cheaper and easily available there. Subsequently, government regulations for maintaining safe working environment as well as private safety policies for workers will fuel the demand for flame resistant fabrics.

In 2016, Asia Pacific region dominated flame resistant fabrics market industry share and is forecast to generate a revenue of more than USD 1.5 billion by 2024.

High investment and maintenance costs

Heavy maintenance cost of equipment required in the manufacturing of flame resistant fabric is restricting the investors and manufacturers from setting up new plants. High initial investment cost as well as expanses in R&D activities for implementation of new equipment or developing advanced technologies may also hamper industry expansion.

The primary raw materials used for making flame resistant fabrics are acrylic and polyester. The raw material is witnessing fluctuation in prices owing to the variations in crude oil prices, which can also impact the industry revenues to some extent.

Related Reports:

Tire Cord and Tire Fabrics Market to Cross US $7 Billion by 2026

Industrial Protective Fabrics Market to cross $9bn by 2025

Metal Foam Market demand to cross US$100 Mn by 2025

Formaldehyde Market revenue worth over USD 5.5 Bn by 2026

PET Film Coated Steel Coil Market for home appliances to hit $700 Mn by 2025

3D Printing Materials Market is Set to Surpass $14 Billion by 2024

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

Related News

Surging demands from paints and coatings sector to bolster FT wax market size by 2025

Published Date: 2020-12-01         Author: Ravi Chawat

FT wax market share will experience a significant growth owing to increasing demand for the product for its properties as an additive in paints, varnishes, coatings formulation and printing ink. The product is known to have much better functionality under higher temperature which encourages the dema... Read More

Trichlorosilane market Growing demand for consumer electronics devices will require an increasing number of complex and smaller semiconductors

Published Date: 2020-12-01         Author: Ravi Chawat

Global trichlorosilane market growth from 2019 to 2025 is driven by rising demand from polysilicon production using Siemens process in which trichlorosilane is used as a major feedstock. It is primarily utilized in manufacturing of silane coupling agents, silicone resins, intermediary material in th... Read More

The ammonium metavanadate market from ceramics applications should surpass USD 15 million by 2025

Published Date: 2020-12-01         Author: Ravi Chawat

The global ammonium metavanadate granules market witnessed a consumption of over 670 tons in 2018. Growing requirements for catalysts that reduce industrial manufacturing costs and emissions should fuel the requirement for ammonium metavanadate granules. These granules are efficient & mild catal... Read More

© 2020 Fractovia. All Rights Reserved