Based on the findings of a research report published by Grand View Research, Inc.; the worldwide flame resistant fabric market is likely to reach a valuation of $11.96 billion by 2025. Favorable regulatory scenario encouraging the use of such materials for fire safety is anticipated to boost the market development over the forecast period (from 2016 to 2025). The overall market was valued at 2.49 million tons in terms of demand in the past. It is predicted to exceed 4.0 million tons growing at a rate of 4.9% during the forecast years. The rising demand for flam resistant materials from various industries such as electronics, transportation, and construction is also expected to spur the overall market in near future.
On the other hand, increasing costs of research and development for introducing new, highly advanced technologies and products may hamper the market expansion in future. However, shifting focus of different sectors on ensuring safe working environments and rising awareness levels regarding safety among employees are likely to positively affect the flame resistant fabric market growth over the coming years. In addition, strict rules and regulations regarding fire safety in the construction industry have impelled the adoption of flame retardant fabrics, which may further boost the market.
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Furthermore, flame resistant materials are used extensively by the gas and oil and chemical industries for safety of workers due to greater risks of accidents in these industries .This is also anticipated to augment the global market growth over the forecast period. Moreover, high demand for these materials for stage drapery to be used in public places, like theaters, is also projected to fuel the market development during the next seven years.
The global flame resistant fabric market is categorized as per product type, application, end user, and region. On the basis of product type, the market is bifurcated into halogenated flame retardants and non-halogenated flame retardants. On the basis of application, the market is segregated as epoxy resins, polyolefins, polyvinyl chloride, unsaturated polyester, engineering thermoplastics, styrenics, rubber, and others. On the basis of end user, the market is fragmented into electronics and electrical, transportation, construction, and others.
On the basis of geographies, the market is divided into Asia Pacific, Central and South America, Europe, Middle East and Africa (MEA), and North America. The Asia Pacific region led the global market in 2015 accounting for 47.9% of the overall volume share. Rising product demand from economies such as India, China, and Japan is boosting the regional market development. In addition, the presence of manufacturing plants of different industries such as automotive and electronics and electrical, is expected to drive the product demand in this region.
The Europe regional market was valued at 600 kilo tons in terms of demand in 2015. The region is estimate to grow further on account of rapid industrialization, increased awareness levels, and stringent regulations regarding fire safety. The Central and South America regional market for flame resistant fabric is estimated to witness a substantial growth at around 5.3% from 2016 to 2025.
The major companies operating in the global flame resistant fabric market include DSM N.V.; Clariant International Ltd.; Israel Chemical LTD.; Chemtura Corp.; DSM N.V.; and Albemarle Corp. Product and technological developments are some of the key strategies followed by most players in the global market. For instance; a flame resistant workwear manufacturing company called Workrite Uniform Co. recently added two new products, a balaclava and a plaid shirt, to their Dickies FR product line. These new products combine flame resistant protection with a new look and comfortable fit of the Dickies X-Series. The two products are also UL certified to NFPA 2112 and are designed to withstand industrial laundering.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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