Flame Resistant Fabrics
Market
REPORT DESCRIPTION
Flame Resistant Fabrics Market - Global Industry Analysis Size
Share Growth Trends and Forecast 2016 – 2024
The global flame resistant fabrics market features a highly fragmented vendor landscape. In order to overcome
the fierce competition that a fragmented arena invariably bears, companies in the market are banking on
strategies such as research and development and distribution agreements, finds Transparency Market Research
(TMR) in a new study.
Product portfolio diversification and cost effective product development are among the key areas of focus for
the leading players. “The market is primarily dominated by multinational organizations with proprietary
technologies,” says the author of the report. DuPont, Teijin Aramid, Lenzing AG, Milliken & Company, and
TenCate are among the leading players in the global flame resistant fabrics market.
TMR analysts have pegged the opportunity in the global market for flame resistant fabrics at US$3.6 bn in
2015. The market is expected to be worth US$6.5 bn by the end of 2024, rising at a CAGR of 6.8% between
2016 and 2024.
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Industrial Protective Clothing to Remain at Forefront of Growth through 2024
On the basis of application, industrial protective clothing will continue to be the most prominent segment in
terms of volume until 2024. The increasing stringency of regulations pertaining to the safety of personnel
working in hazardous areas is the primary factor contributing to the growth of the segment. Transportation, on
the other hand, will be the most promising segment during the forecast period.
Geographically, Europe was the leading segment in 2015, accounting for nearly 30% of the overall market
volume. The implementation of several regulations on wall covering, garments, and upholstery applications is
triggering the adoption of flame resistant fabrics in the region. Asia Pacific is anticipated to rise at a noteworthy
CAGR during the same period.
Flourishing Growth of End-use Industries to Trigger Demand for Flame Resistant Fabrics
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