Transparency Market Research (TMR) has recently published a study on the global flame resistant fabrics market, projecting the market to rise at a CAGR of 6.70% between 2014 and 2020 and increase from a total value of US$3.1 bn in 2013 to an estimated value of US$4.9 bn by the end of the forecast period.The research report, titled “Flame Resistant Fabrics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” further states that, in terms of volume, approximately 298.2 mn square meters of flame resistance fabrics are likely to be consumed globally by the end of 2020.
Flame resistant fabrics are chemically treated clothing materials with strong flame retardant properties. These fabrics are capable of extinguishing a fire by themselves. The flame-retardant chemicals on these fabrics start reacting after coming into contact with the fire. The heat of the fire acts as the catalyst and enhances the impact of the reaction.
According to the report, the rise in the industrial sector across the world has fueled the demand for industrial protective clothing, thereby increasing the need for flame resistant fabrics significantly. The study evaluates the global market for flame resistant fabrics on the basis of application and the regional distribution of this market.
Based on application, the market has been classified into transport, industrial protective clothing, firefighting services, law enforcement, and other applications such as home furnishing. Among these, the demand for these fabrics is the highest from the industrial protective clothing segment. In 2013, this segment held a share of more than 50% in the overall market, notes the study.
Regionally, the global market for flame resistant fabrics has been segmented into Asia Pacific, North America, Europe, and the Rest of the World in this report. Europe held the leading position in the overall market in 2013 with a share of more than 35%. Analysts expect this regional market to maintain its lead throughout the forecast period.
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The report further states that Asia Pacific occupied the second position in the global market in 2013. The increase in the demand for industrial protective clothing, stimulated by the rapid rise of the Asia Pacific industrial sector, has fueled the demand for flame resistant fabrics in this region and, therefore, this regional market is likely to post significant growth in the coming years.
Apart from these, the markets for flame resistant fabrics in North America and the Rest of the World are also exhibiting a healthy rise. The North America flame resistant fabrics market is projected to expand at a CAGR of 5.0% during the forecast period, states the market report.
DuPont, Gun Ei Chemical Industry Co. Ltd., Evonik Industries AG, Huntsman Corp., Lenzing AG, Kaneka Corp., Milliken & Co., Solvay S.A., PBI Performance Products, Teijin Aramid BV, Toyobo Co. Ltd., and TenCate are the major players functioning in the global flame resistant fabric market profiled in this research study.
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