New York, July 01, 2021 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Release of the “Fire Resistant Fabrics Market by Type, Application, End Use Industry – Global Forecast to 2026” – https: // www.reportlinker. com / p04466100 /? utm_source = GNW
Flame retardant fabrics are the materials that do not burn when exposed to fire due to their chemical structure. Flame retardant fabrics are used as a last level protective barrier in case of direct fire exposure.
They do not catch fire or melt when exposed to fire. This type of fabric can have an inherent fire resistance property or can be treated to make it fire resistant.
Fire resistant fabrics are primarily used in personal protective equipment (PPE) apparel applications in industry, law enforcement, firefighting and defense sectors.
Inherent Flame Retardant Fabrics Expected to be the Fastest Growing Type in Flame Retardant Fabrics Market, by Value, Between 2021-2026
The inherent flame retardant fabrics have a built-in fire resistance property. No chemical treatment is necessary to incorporate fire resistance in this type of fabric.
The chemical structure of the inherent tissues is non-flammable. The fire resistance property can never degrade in case of inherent flame retardant fabrics.
These types of fabrics are very expensive than the flame retardant treated fabrics. These fabrics provide high level fire resistance and as a result the demand for inherent flame retardant fabrics in regions like Europe and North America is increasing.
Due to its high cost, it is less preferred in developing regions. However, the growing awareness and increasing purchasing power of the population in developing countries like China and India are expected to boost the Inherent Fire Resistant Fabrics market during the forecast period.
The industrial end-use industry is expected to account for the largest share of the global flame retardant fabrics market, in terms of value, between 2021 and 2026
The industrial segment accounted for the largest share of the overall flame retardant fabrics market, in terms of value, in 2020. The demand for flame retardant fabrics in the industrial segment is largely driven by the implementation of government regulations related to the use of wear. fire resistant in different industries, especially in oil and gas and chemical industries.
The industrial segment is expected to continue to dominate the fire resistant fabrics market during the forecast period. Additionally, the segment is expected to register the highest CAGR, in terms of value, between 2021 and 2026.
strong economic growth in APAC to stimulate demand for flame retardant fabrics in the region.
APAC is the largest market for fire resistant fabrics, and it is mainly attributed to high economic growth rate, followed by heavy investments in sectors such as oil and gas, automotive, infrastructure , chemicals, steel and the military, among others. With the economic contraction and the saturation of European and North American markets, demand is shifting to the APAC region.
Flame retardant fabric manufacturers target this region as it is the most important regional market for various applications, such as industrial protective clothing, defense and public safety services and transportation, among others. The advantage of moving production to the Asian region is that the cost of production is low here.
In addition, it is easier to serve the local emerging market. Lack of safety compliance in the industrial sector and the limited use of flame retardant fabrics in the military sector are market constraints in APAC
â¢ By type of business: level 1 – 46%, level 2 – 31% and level 3 – 23%
â¢ By designation: level C – 46%, director level – 27% and others – 27%
â¢ By region: North America – 33%, Europe – 27%, APAC – 27%, South America – 7%, Middle East and Africa – 6%,
The major players presented in the report are EI DuPont De Nemours and Company (USA), Kaneka Corporation (Japan), PBI Performance Products Inc. (USA), Royal TenCate NV (Netherlands), Teijin Ltd. (Japan), Westex By Milliken (United States), Gun EI Chemical Industry Co., Ltd. (Japan), Huntsman Corporation (United States), Lenzing Ag (Austria), Solvay SA (Belgium), WL Gore Associates Inc. (United States), and others among others.
This report segments the Fire Resistant Fabrics market on the basis of application, type, end-use industry, and region, and provides overall market size estimates in various regions. A detailed analysis of major industry players has been conducted to provide information about their business overviews, product and service, key strategies associated with the Fire Resistant Fabrics market.
Reasons to buy this report
This research report focuses on different levels of analysis – industry analysis (industry trends), market share analysis of key players and company profiles, which together provide a big picture of the landscape competitive; emerging and fast growing segments of the fire resistant fabrics market; high growth regions; and market drivers, constraints and opportunities.
The report provides information on the following pointers:
â¢ Market penetration: Comprehensive information on fire resistant fabrics offered by the major players in the global market
â¢ Market development: Comprehensive insights into lucrative emerging markets – the report analyzes the Flame Retardant Fabrics markets across all regions
â¢ Market diversification: Comprehensive information on new products, untapped regions and recent developments in the global Flame Retardant Fabrics market
â¢ Competitive Assessment: In-depth assessment of the market shares, strategies, products and manufacturing capabilities of the major players in the Fire Resistant Fabrics market
Read the full report: https://www.reportlinker.com/p04466100/?utm_source=GNW
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