Flame Resistant Fabric Market worth over $6bn by 2024

Global Flame Resistant Fabric Market size will likely surpass USD 6 billion by 2024; according to a new research report by Global Market Insights Inc.
 

Increasing demand for flame resistant fabric owing to government stringent regulation controlling and maintaining safety at workplace for labors will propel market growth. Greater participation of industries for maintaining safe working environment and growing social responsibility among employees regarding safety is propelling the demand for flame resistant fabric.
 

Rising cost of R&D for developing advance technologies is hindering market growth over the forecast period. Further variation in raw material prices and increase in prices of woven and silk material is likely to restrain the market growth.
 

Browse key industry insights spread across 280 pages with 307 market data tables & 26 figures & charts from the report, “Flame Resistant Fabrics Market Size By Product (Inherent, Treated, Hybrid), By End-user (Defense & Public Services, Industrial, Transport), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, South Korea, Argentina, Brazil, Mexico, Saudi Arabia, UAE,South Africa), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/flame-resistant-fabrics-market
 

Hybrid product segment will grow at a CAGR of around 6% over the coming years. This segment is rapidly growing in end-user industry due to its light weight and cost-efficient properties. It is manufactured by different fibers like carbon fiber and aramid yarns. Moreover, inherent segment is likely to grow in term of volume owing to its durable properties and wide application in end-user industries.
 

Transportation sector is growing with a CAGR of around 6.5% and is likely to increase owing to government investment initiative and foreign investment in construction of better railways, metro and road network in emerging countries. Other than this industrial segment is also growing in term of volume due to increasing industrialization and urbanization in Asia Pacific and Africa.
 

Asia Pacific region holds a potential market share in 2016 and is set to surpass USD 1.5 billion by the end of forecast timeframe. Rising investments by the end-user industry and strict government regulation for protecting employees will drive the market for China, Japan and India. Further, Latin America and Middle East & Africa is likely to witness positive growth owing to increasing demand from end-user industries over forecast timeframe. Europe accounts for highest volume consumption with more than 22% of overall market revenue.
 

Prominent players present in flame resistant fabric market are TOYOBO CO., LTD., LENZING AG, Huntsman International, Evonik Industries., DuPont, Koninklijke Ten Cate nv, Solvay, Milliken & Company, Teijin Aramid B.V. and others.
 

Flame resistant fabrics market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2013 to 2024, for the following segments:

Flame Resistant Fabrics Market, Product by End-user

• Inherent
  • Defense and Public Services
  • Industrial
  • Transport
  • Others
• Treated
  • Defense and Public Services
  • Industrial
  • Transport
  • Others
• Hybrid
  • Defense and Public Services
  • Industrial
  • Transport
  • Others
• Others
  • Defense and Public Services
  • Industrial
  • Transport
  • Others

Flame Resistant Fabrics Market, By End-User

• Defense & public services
• Industrial
• Transport
• Others

The above information will be provided for the following regions/countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa