Global Flame Resistant Fabrics Market to cross USD 6 BN by 2025
Posted On March 28, 2019
The Global Flame Resistant Fabrics Market was valued USD 4 BN (by revenue) in 2018 and is anticipated to reach USD 6 BN by 2025 with a CAGR of 6% (2019-2025) as per the report published by Value Market Research. The report starts with the definition, followed by market dynamics, and then market segmentation.
The report also throws light on the competitive landscape of the market on a global basis. The market study forecasts the market size for the next six years, identifying high demand from chemical and oil & gas industries.
Flame resistant fabrics are those clothes that possess flame resistance properties and are used to offer protection and safety to workers from direct and indirect exposure to the fire or electric arc. These fabrics have better fire-retardant properties compared to other fabrics owing to its chemically treated fireproof fabrics which is basically produced by synthetic fibers and natural fibers. Flame resistant fabrics have application across end-user industries such as oil & gas, construction, and infrastructure, mining, military and chemical for protecting labors working in these industries.
The report "Global Flame Resistant Fabrics Market Report By Product (Inherent Fire Resistant Fabric And Treated Fire Resistant Fabric), Application (Industrial Protective Clothing, Law Enforcement And Firefighting Services, Transport, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2018-2025" offer better understanding of the impact of the various factors on the market along with the latest developments, market shares, and strategies adopted by the important market players.
One of the major growth factor is the rising demand from chemical and oil & gas industries where they are extensively used for the safety of workers owing to high accident prone sectors. Also, growing safety regulations for workers in developed and developing countries is further expected to augment the flame resistant fabrics market growth. Moreover, increasing demand from paper & pulp industry, food processing and paint industry owing to fire hazards like flash fire and combustible dust explosions is also projected to favor the market growth. Additionally, increasing demand for high-performance fabrics across railways, automobiles, defense, and aircraft is also anticipated to offer immense growth to the market over the forecast period.
The market of flame resistant fabric has been segmented on the basis of product, application, and region. Product segment has been bifurcated into inherent fire resistant fabric and treated fire resistant fabric. Out of which, treated fire resistant fabric is a leading segment, due to increasing demand across defense, automotive, oil and gas applications. Application segment has been split into industrial protective clothing, law enforcement and firefighting services, transport, and others. Industrial protective clothing is dominating the segment owing to rising demand from various end-user industries such as oil & gas, mining, transportation, construction, and other industries to enhance labor safety is boosting the segment growth. Regional segmentation has been conducted over North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Currently, Europe is leading the market owing to rising implementation of regulations about fire safety, rapid industrialization coupled with the rising awareness regarding labor safety across various industries is likely to benefit the regional market.
The Report Segments Global Flame Resistant Fabrics Market -
- Inherent Fire Resistant Fabric
- Treated Fire Resistant Fabric
- Industrial Protective Clothing
- Law Enforcement and Firefighting Services
- North America
- Latin America
- Middle East and Africa
Players Profiled In The Report:
Carrington Workwear Ltd, DuPont, Klopman International S.R.L., Lenzing AG, Marina Textil S.L., Milliken & Company, Mount Vernon Mills, Inc., SSM Industries Inc., TenCate, and WL Gore & Associates Inc.
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