Flame Resistant Fabrics Market Expected to Reach US$ 6.56 Bn by 2024 : TMR
Transparency Market Research has published a new report titled “Flame Resistant Fabrics Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.” According to the report, the global flame resistant fabrics market was valued at US$ 3.63 Bn in 2015 and is anticipated to reach US$ 6.56 Bn by 2024, expanding at a CAGR of 6.8% between 2016 and 2024.
Apparels usually ignite when exposed to an ignition source such as an electric arc or a flame. Flame resistant fabrics are used to fabricate smoke and fire curtains, which are built into the ceiling and structure of commercial buildings and large warehouses. Flame resistant fabrics are also used as fire barriers in upholstery in automobiles, buses, and high-performance race cars. They are employed in the manufacture protective clothing for workers in oil & gas and chemical industries, and law enforcement agencies. Flame resistant fabrics are manufactured from synthetic fibers or natural fibers. Majorly used synthetic fibers for flame resistant fabrics include polyester, aramid, and acrylic and natural fibers include wool, cotton, and silk.
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In terms of region, Europe dominated the global flame resistant fabrics market in 2015. Demand for flame resistant fabrics is estimated to be high in developed regions owing to the rise in implementation of several regulations on garments, and wall covering and upholstery applications over the last few years. This is driving the demand for flame resistant fabrics. Europe was followed by Asia Pacific in 2015. Asia Pacific accounted for the second largest share, while North America held the third largest share of the global flame resistant fabrics market in 2015.
In terms of volume, Industrial protective clothing is was the largest product segment of the global flame resistant fabrics market, accounting for more than 50% share in 2015. Industrial protective clothing acts as a stable and inert barrier between fire and skin, protecting the wearer from direct exposure. Increasing stringent regulations for the protection of workers from occupational hazards is the key reasons for the dominance of the segment. Transport is projected to be the fastest growing application segment of the global flame resistant fabrics market during the forecast period. These fabrics are also employed in high-temperature hoses such as those feeding hot air to inlet manifolds.
Multinational companies with proprietary technologies dominate the global flame resistant fabrics market. Every company offers a distinct product. Key players in the market include DuPont, Milliken & Company, Lenzing AG, Teijin Aramid, and TenCate.
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