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Flame Resistant Fabrics Market Comprehensive Study Explores Huge Growth|TMR
Flame Resistant Fabrics Market
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According to the statistical information provided in the report, the global flame resistant fabrics market is expected to progress at 6.70% CAGR from 2014 to 2020. Over the forecast period, the market is likely to earn US$4.8 bn by the end of 2020. Application of flame resistant fabrics is largely seen in the industrial protective clothing segment. As there are higher chances of catching fire while working in an industrial set up has led demand in this segment.
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With respect to geography, Europe held 30% share in the market and is likely to lead the market during the forecast period. Strict regulations related to employees safety while working in industries such as oil and gas, military, and other industries increased demand for flame resistant fabrics in this region. Moreover, increasing growth in transportation industry has also boosted demand in the Europe flame resistant fabrics market. Asia Pacific is also projected to contribute in the growth of this market. High industrial development in countries such as China and India has boosted demand in the global flame resistance fabrics market.
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High Demand for Flame-Retardants in Electric Industry to Accelerate Market Performance
Rapid developing industrial sector has increased demand in the global flame resistant fabrics market. Moreover, industries characterized by hazardous working conditions have further augmented demand in this market. High demand for flame-retardants in the electric industry as they help in reducing the flammability of semiconductors triggered demand in this market. In addition to that, the demand for flame-retardants chemicals increased in several end users, including construction and automotive industries are other factors fueling the global flame retardant fabrics market.
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