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. ...