Developing Oil and Gas Industries in Asia Pacific to Propel Global Flame Resistant Fabric Market : Transparency Market Research
Flame Resistant Fabrics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020
Flame Resistant Fabrics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020, a new research report published by Transparency Market Research, analyzes the global flame resistant fabrics market. The report states that the market will observe positive growth, from US$3.12 billion in 2013 to US$4.87 billion in 2020, at a 6.7% CAGR over the period. Volume-wise, the market observed demand totaling 298.2 million square meters of flame resistant fabrics in 2013. Government regulations regarding the use of flame resistant fabrics in various industries such as chemicals and oil and gas are one of the key drivers of the global flame resistant fabrics market. Rapid expansion of the oil and gas sector al over the world, especially in emerging economies, is another factor that has led to positive development of the global flame resistant fabrics market.
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The high risk of fire accidents in day-to-day activities in these fields raises concerns for the safety of workers and calls for strict regulations by government bodies. Firefighting services, along with industrial wear, is another important end-use segment of the global flame resistant fabrics market. However, the market is restrained to some extent due to factors such as high cost and a general lack of awareness about these products. The report broadly categorizes the global flame resistant fabrics market on the basis of key applications and key regional markets.Key application areas of the market studied in the report include industrial protective clothing, transport, firefighting services and law enforcement, and other nominal applications such as home furnishings. Of these, the application segment of industrial protective clothing held nearly 53% of the global market in 2013. The market has sluggish growth prospects in the fields of law enforcement and firefighting services, and improved growth prospects in the transport sector.
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The report states that the market for flame resistant fabrics is well established in developed regions such as Europe and North America. Europe held a share of nearly 35% of the market in 2013. The flame resistant fabrics market is expected to remain high in Asia Pacific owing to developing oil and gas and chemical fields, allowing the market to acquire a large share of the global flame resistant fabrics market. However, the Rest of the World (RoW) segment is projected to witness the fastest growth of the flame resistant fabric market. The report presents a detailed competitive snapshot of the global flame resistant market. Comprehensive business profiles of key players in the market are presented in the report. Some of these include DuPont, TenCate, Milliken & Company, and Lenzing AG., and PBI Performance Products. Other key businesses operating in the market include Gun Ei Chemical Industry Co., Ltd., Solvay S.A, Kaneka Corporation, Toyobo Co., Ltd., Teijin Aramid B. V., and Huntsman Corporation.
Flame Resistant Fabrics Market - Application Analysis
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