Flame Resistant Fabrics Market - Detailed Analysis of Current Industry Figures with Forecasts Growth By 2024
Category: #world  By Ashwin Naphade  Date: 2019-01-29
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Flame Resistant Fabrics Market - Detailed Analysis of Current Industry Figures with Forecasts Growth By 2024

Asia Pacific region holds a potential market share in 2016 and is set to surpass USD 1.5 billion by the end of forecast timeframe. Rising investments by the end-user industry and strict government regulation for protecting employees will drive the market for China, Japan and India. Further, Latin America and Middle East & Africa is likely to witness positive growth owing to increasing demand from end-user industries over forecast timeframe. Europe accounts for highest volume consumption with more than 22% of overall market revenue.

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Rising cost of R&D for developing advance technologies is hindering market growth over the forecast period. Further variation in raw material prices and increase in prices of woven and silk material is likely to restrain the market growth. Flame Resistant Fabrics Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a 6.4% CAGR to 2024.

Hybrid product segment will grow at a CAGR of around 6% over the coming years. This segment is rapidly growing in end-user industry due to its light weight and cost-efficient properties. It is manufactured by different fibers like carbon fiber and aramid yarns. Moreover, inherent segment is likely to grow in term of volume owing to its durable properties and wide application in end-user industries.

Global Flame Resistant Fabric Market will likely surpass USD 6 billion by 202. Increasing demand for flame resistant fabric owing to government stringent regulation controlling and maintaining safety at workplace for labors will propel market growth. Greater participation of industries for maintaining safe working environment and growing social responsibility among employees regarding safety is propelling the demand for flame resistant fabric.

Transportation sector is growing with a CAGR of around 6.5% and is likely to increase owing to government investment initiative and foreign investment in construction of better railways, metro and road network in emerging countries. Other than this industrial segment is also growing in term of volume due to increasing industrialization and urbanization in Asia Pacific and Africa.

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Prominent players present in flame resistant fabric market are TOYOBO CO., LTD., LENZING AG, Huntsman International, Evonik Industries., DuPont, Koninklijke Ten Cate nv, Solvay, Milliken & Company, Teijin Aramid B.V. and others.

In 2016, Asia Pacific has become of the leading region due to increasing industrialization in emerging countries which will positively affect the market. Increasing automobile, construction, oil & gas industries in the emerging countries, owing to government investment initiative in these sectors will positively influence the growth of global flame resistant fabric market over the coming years.

Table of Content:

Chapter 1 Methodology & Scope

Chapter 2 Executive Summary

Chapter 3 Flame Resistant Fabrics Industry Insights

Chapter 4. Flame Resistant Fabrics Market, Product by End-user

Chapter 5 Flame Resistant Fabrics Market, By End-User

Chapter 6. Flame Resistant Fabrics Market, By Region

Chapter 7. Company Profiles

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Related Reports: -

United States Flame Resistant Fabrics Market Report 2018

In this report, the United States Flame Resistant Fabrics market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.

https://www.marketstudyreport.com/reports/united-states-flame-resistant-fabrics-market-report-2018/?utm_source=RR-PSR

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About Author

Ashwin Naphade

Email: [email protected]   

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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