Albany, New York, Mar 15, 2016: Market Research Reports Search Engine (MRRSE) has recently announced the addition of a new market study on the global flame resistant fabrics market, estimating this market to rise at a CAGR of 6.70% over the period from 2014 to 2020 and reach a value of US$4.8 bn by the end of the forecast period.
The report, titled “Flame Resistant Fabrics Market for Industrial Protective Clothing, Law Enforcement and Firefighting Services, Transport and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020,” is published by Transparency Market Research (TMR) and states that the worldwide flame resistant fabrics market stood at US$3.1 bn in 2013.
Browse Full Global Flame Resistant Fabrics Market Report with http://www.mrrse.com/flame-resistant-fabrics
According to the market study, the rising usage of flame resistant fabrics in industrial units, specifically in oil and gas production facilities, is the key factor behind this exponential growth of the global flame resistant fabrics market. The increasing number of regulations to ensure the safety of employees in industrial units is another important factor mentioned in the report that propels this market significantly.
The research study evaluates the worldwide flame resistant fabrics market on the basis of the application of these fabrics and the regional distribution of this market.
On the basis of region, the report has classified the global market for flame resistant fabrics into Europe, North America, Asia Pacific, and the Rest of the World. Europe dominated the overall market in 2013 with a share of more than 35% and was closely followed by Asia Pacific and North America. Analysts estimate the market for flame resistant fabrics in Europe to continue to dominate the global market over the forecast period.
Asia Pacific is witnessing robust growth in the market for industrial protective clothing and is expected to remain the regional leader in the market for flame resistant fabrics in the coming years. North America is projected to rise at a CAGR of more than 5.0% during the forecast period in the research report.
Based on the application of flame resistant fabrics, the report segments this market into transport, law enforcement and firefighting services, industrial protective clothing, and other applications such as home furnishings. Industrial proactive clothing has emerged as the biggest application area of flame resistant fabrics. The segment occupied a share of more than 50% in the global demand for these fabrics in 2014, states the report.
DuPont, Gun Ei Chemical Industry Co. Ltd., Evonik Industries AG, Huntsman Corp., Lenzing AG, Kaneka Corp., Milliken & Co., Solvay S.A., PBI Performance Products, Teijin Aramid BV, Toyobo Co. Ltd., and TenCate are some of the major international flame resistant fabrics manufacturers mentioned in this market study.
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