According
to a new market report published by Credence Research “Flame Resistant Fabrics
Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015
- 2021,” the flame resistant fabrics market is expected to reach over US$ 5.0
Bn by 2022, expanding at a CAGR of 6.6% from 2016 to 2022.
Browse the full Flame Resistant
Fabrics Market (Sweetner, Binder, Encapsulation, Others) for Food &&
Beverages, Feed, Pharmaceuticals, Personal Care & Cosmetics, Papermaking
and Other Applications- Growth, Share, Opportunities, Competitive Analysis, and
Forecast 2015 – 2022 report at http://www.credenceresearch.com/report/flame-resistant-fabrics-market
Market Insights
Flame
resistant fabrics are those which are naturally resistant to fire than those
fabrics which are manufactured using fireproof fibers and are chemically
treated. These fabrics are used on a large scale to prepare curtains, uniforms,
furniture coverings and other industrial protective clothing. They are also
used in preparing protective clothing for law enforcement & firefighting
services, home furnishing and commercial furnishing among others.
Rapid
industrialization is the major factor driving the growth of global flame
resistant fabrics market. Safety of workers in various industries is of major
concern. Hence, flame resistant fabrics are used in preparing uniforms which
can help protect workers from industrial hazards. Major demand for flame
resistant fabrics is reported from chemical and oil & gas industries
globally, where major accidents are caused by fire. In addition, growing oil
& gas and chemical industries in both the developed and developing
economies is another factor boosting market demand for flame resistant fabrics.
On
the basis of application, flame resistant fabrics are segmented into industrial
protective clothing, law enforcement & firefighting services, transport and
others. Among these, industrial protective clothing accounted for major share
of global flame resistant fabrics market and is expected to retain its position
in the near future. Law enforcement & firefighting services accounted as
the second largest application and is expected to boost market growth during
the forecast period from 2015 to 2022. Other applications are also anticipated
to fuel growth of global flame resistant market in the near future.
Browse
all reports from same category @ http://www.credenceresearch.com/industry/advanced-materials-market
Competitive Insights
Asia
Pacific accounted as the fastest growing region for global flame resistant
fabrics market. Growing oil & gas and chemical industries in the region is
the major factor driving the growth of flame resistant fabrics market in the
region. Europe accounted as the largest market for global flame resistant
market followed by North America. Growing demand from the electronics and
chemical industries in the region has led to high demand for flame resistant
fabrics in the market. Stringent government regulations are another major
factor driving growth of global flame resistant fabrics worldwide. Other
regions such as Middle East & Africa and Rest of the World are also
projected to fuel high demand for flame resistant fabrics during the forecast
period from 2015 to 2022.
Key Trends
Industrial
Protective Clothing
Safety
in commercial spaces
Increasing
demand from oil & gas and chemical industries
Opportunities
from increasing research & development activities for bringing down product
prices
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Credence
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