Skip to main content

Flame Resistant Fabrics Market: Stringent Government Regulations to Promote Use in High-risk Operations, TMR

The global flame resistant fabrics market features a highly fragmented vendor landscape. In order to overcome the fierce competition that a fragmented arena invariably bears, companies in the market are banking on strategies such as research and development and distribution agreements, finds Transparency Market Research (TMR) in a new study.
Product portfolio diversification and cost effective product development are among the key areas of focus for the leading players. “The market is primarily dominated by multinational organizations with proprietary technologies,” says the author of the report. DuPont, Teijin Aramid, Lenzing AG, Milliken & Company, and TenCate are among the leading players in the global flame resistant fabrics market. 
TMR analysts have pegged the opportunity in the global market for flame resistant fabrics at US$3.6 bn in 2015. The market is expected to be worth US$6.5 bn by the end of 2024, rising at a CAGR of 6.8% between 2016 and 2024. 


Industrial Protective Clothing to Remain at Forefront of Growth through 2024 
On the basis of application, industrial protective clothing will continue to be the most prominent segment in terms of volume until 2024. The increasing stringency of regulations pertaining to the safety of personnel working in hazardous areas is the primary factor contributing to the growth of the segment. Transportation, on the other hand, will be the most promising segment during the forecast period. 
Geographically, Europe was the leading segment in 2015, accounting for nearly 30% of the overall market volume. The implementation of several regulations on wall covering, garments, and upholstery applications is triggering the adoption of flame resistant fabrics in the region. Asia Pacific is anticipated to rise at a noteworthy CAGR during the same period. 
Flourishing Growth of End-use Industries to Trigger Demand for Flame Resistant Fabrics 
“Flame resistant fabrics are extensively used to manufacture garments, apparels, and furnishings for applications across a number of sectors, including military, hospitality, oil and gas, and healthcare,” says a TMR analyst. Thus, the robust growth of end-user industries is providing a fillip to the global flame resistant fabrics market. Over the past few years, there has been a sharp rise in the demand for these fabrics for drapery in public spaces such as stages, theaters, and auditoriums. 
For more information on this report, fill the form  @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1374
Government and regulatory bodies are also playing a vital role in the development of the global flame resistant fabrics market. The increasing stringency in regulations pertaining to employee safety in high-risk operations and industries are compelling organizations to mandate the use of safety clothing and gears within their premises. 
Huge Capital Requirement for Research and Development Activities to Hamper Growth Prospects 
Flame resistant fabrics have to be highly reliable and efficient and thus, the material used in their manufacturing has to be of utmost quality. The research and development and production of these fabrics, therefore, involves massive capital, which results in high cost of the end product. The high cost of these fabrics is limiting the global flame resistant fabrics market from realizing its utmost potential. This is further exacerbated by the protean prices of raw materials. While these factors continue to weigh down the market, constant efforts by manufacturers for product innovation will provide optimism in terms of value growth for the flame resistant fabrics market. 

About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us:-
Transparency Market Research
90 State Street, Suite 700, Albany, NY 12207, USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Labels:

Comments

Post a Comment

Popular posts from this blog

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a
Post a Comment
Read more

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @   http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi
Post a Comment
Read more

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco
Post a Comment
Read more