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Flame Resistant Fabrics Market: Introduction
Transparency Market Research delivers key insights on the global flame resistant fabrics market. In terms of revenue, the global flame resistant fabrics market is estimated to expand at a CAGR of 6.8% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global flame resistant fabrics market.
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The global flame resistant fabrics market is broadly affected by several factors, including increase in usage of flame resistant fabrics for industrial protective clothing, law enforcement & firefighting services, transport, and others. Rise in concern about workers’ safety has led to growth in usage of flame resistant fabrics.
Flame Resistant Fabrics Market: Dynamics
The flame resistant fabrics market is expected to expand at a significant pace during the forecast period, owing to the stringent regulations enacted for various industries. Industry leaders are investing to maintain workplace safety. Apart from this, flame resistant fabrics protect wearer from potential hazards such as arc flames, flash fire, welding, electrical short, and circuit.
Flame resistant fabrics safeguard workers from thermal exposures. These fabrics are made of materials that have the ability to resist fire flames. Key factors augmenting growth in the flame resistant fabrics market are developing industrial sectors and stringent government mandates to improve worker’s safety. Flame resistant fabrics are primarily used in mining, chemical, and gas industries and several power plants. Apart from this, flame resistant fabrics are increasingly used by workers employed in the fire extinguisher industry. Rise in cases of fire in residential and commercial sectors is another factor that is expected to augur well for the global flame resistant fabrics market.
Other industries such as construction, automotive, and semi-conductor have made flame resistant clothing mandatory for their workers. Increasing adoption of flame resistant fabrics in several industries is a prominent factor expected to drive the global flame resistant fabrics market.
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Flame Resistant Fabrics Market: Prominent Regions
Of late, Europe has been leading the global flame resistant fabrics market. It held significant share of the global flame resistant fabrics market. Led by the rising demand for these fabric, Europe is anticipated to dominate the market during the forecast period. The region is witnessing expansion of the transport industry, where flame resistant fabrics are extensively used in the production of a wide range of products related. Germany and Italy are anticipated to be the key demand drivers of the flame resistant fabrics market. This can be ascribed to the application of flame resistant fabrics in car racing in these countries.
At present, Asia Pacific is the second leading consumer of flame resistant fabrics. The region is anticipated to hold its position in the market during the forecast period. The growth rate can be ascribed to the expansion of the industrial sector across the region.
Flame Resistant Fabrics Market: Major Players
The global flame resistant fabrics market is consolidated, with the presence of key players. Prominent players operating in the global flame resistant fabrics market include DuPont, Evonik Industries AG, Gunei Che Flame Resistant Fabrics Industry Co., Ltd., Huntsman International LLC, Kaneka Corporation, Lenzing AG, Milliken & Company, PBI Performance Products, Solvay, Koninklijke Ten Cate nv (TenCate), Toyobo Co., Ltd., and Teijin Aramid.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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