TMR_Research_Reports_2017 Flame Resistant Fabrics Market Analysis 2024 | Page 3

Flame Resistant Fabrics Market
“ Flame resistant fabrics are extensively used to manufacture garments, apparels, and furnishings for applications across a number of sectors, including military, hospitality, oil and gas, and healthcare,” says a TMR analyst. Thus, the robust growth of end-user industries is providing a fillip to the global flame resistant fabrics market. Over the past few years, there has been a sharp rise in the demand for these fabrics for drapery in public spaces such as stages, theaters, and auditoriums.
Government and regulatory bodies are also playing a vital role in the development of the global flame resistant fabrics market. The increasing stringency in regulations pertaining to employee safety in high-risk operations and industries are compelling organizations to mandate the use of safety clothing and gears within their premises.
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Huge Capital Requirement for Research and Development Activities to Hamper Growth Prospects
Flame resistant fabrics have to be highly reliable and efficient and thus, the material used in their manufacturing has to be of utmost quality. The research and development and production of these fabrics, therefore, involves massive capital, which results in high cost of the end product. The high cost of these fabrics is limiting the global flame resistant fabrics market from realizing its utmost potential. This is further exacerbated by the protean prices of raw materials. While these factors continue to weigh down the market, constant efforts by manufacturers for product innovation will provide optimism in terms of value growth for the flame resistant fabrics market.
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TABLE OF
Table of Content
1 Chapter 1 Preface 1.1 Report Description 1.2 Research Scope 1.3 Assumptions 1.4 Market Segmentation 1.5 Research Methodology
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