The global market for flame-resistant fabrics is experiencing steady growth in its market valuation. The rising industrialization across the world has stimulated this market substantially over the last few years.
According to a research report published by Transparency Market Research (TMR), the worldwide flame-resistant fabric market stood at US$3 bn in 2013. Expanding at a CAGR of 6.70% between 2014 and 2020, the market is expected reach US$4.87 bn by the end of 2020.
Browse the full Report of Global Flame-Resistant Fabrics Market: http://www.mrrse.com/flame-resistant-fabrics
Flame-resistant fabrics are chemically-treated clothing materials with a certain level of fire-retardancy. These fabrics are utilized to prepare uniforms, curtains, coverings for furniture, and other products used in industrial protective clothing, law enforcement and firefighting services, transport, and home and commercial furnishings.
Advancement in Technology Propels Global Flame-Resistant Fabrics Market
The utilization of flame-resistant fabrics has significantly increased in the recent times, thanks to the advancement of technologies and the implementation of strict government regulations. Flame-resistant fabrics derive much of its demand from the oil and gas, electronics and electrical, and chemical industries, where the risk of accidents caused by fire is very high. Companies that supply fabrics, clothing materials, and related products to these industries, have started to offer an array of flame-resistant fabrics to enhance design flexibility while following regulations implemented by the governments.
Industrial protective clothing has been the leading application area of flame-resistant fabrics over the last few years. In 2013, this segment accounted for 53% of the total consumption of flame-resistant fabrics across the world.
The rapid expansion of the chemical as well as oil and gas industry is the major factor behind this impressive growth of the global flame-resistant fabrics market. In addition, the implementation of regulations regarding the safety of the workplace in developed economies is likely to fuel the demand for flame-resistant fabrics significantly in the coming years. The increasing usage of high performance fabrics in automobiles, railways, and aircrafts is also projected to propel the global flame-resistant fabrics market in the near future.
Rise of Industrial Protective Clothing Industry Boosts Demand for Flame-Resistant Fabrics in Asia Pacific
Over the past few years, the rise of the Asia Pacific industrial protective clothing industry has boosted the demand for flame-resistant fabrics significantly in this region. Analysts expect this factor to continue to propel the flame-resistant fabrics market in Asia Pacific in the near future.
Even though Asia Pacific has emerged as a prominent consumer of flame-resistant fabrics in the global arena, Europe maintains its dominant position in the worldwide market for flame-resistant fabrics. In 2013, it occupied a share of more than 35% in the overall market on the basis of the volume produced. The trend is likely to continue in the coming years, enabling Europe to maintain its lead among all the regional flame-resistant fabrics markets.
Browse the full Press Release of Global Flame-Resistant Fabrics Market: http://www.mrrse.com/flame-resistant-fabrics-market
International companies with proprietary technologies are leading the market for flame-resistant fabrics in the global arena, presenting a unique product portfolio to their customers. The major flame-resistant fabrics producers across the world are Teijin Aramid BV, Lenzing AG, Milliken & Co., Huntsman Corp., Evonik Industries AG, TenCate, Kaneka Corp., Gun Ei Chemical Industry Co. Ltd., DuPont, Solvay S.A., PBI Performance Products, and Toyobo Co. Ltd.