Flame Resistant Fabrics Market to Gain Lucrative Prospects Owing to Increase in Demand from Oil and Gas Industry According to State TMR Study

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ALBANY, NY, February 22, 2022 /PRNewswire/ — According to analysts at Transparency Market Research (TMR), the global flame retardant fabrics market is expected to register growth at a CAGR of 6.8% during the forecast period, 2021 to 2031.

Manufacturers in the flame retardant fabrics market are increasing efforts to publicize the benefits of their products, including the ability of flame retardant fabrics to help meet the workplace safety standards of government authorities in several countries. Moreover, the products are in great demand, as they provide a high level of safety for workers. These factors translate into lucrative opportunities in the flame retardant fabrics market.

Flame retardant fabrics are increasingly used in the defense industry, due to the high risk of fires in the industry. Therefore, flame retardant fabrics are used in order to protect employees working in this industry. This factor generates opportunities for expansion in the global flame retardant fabrics market.

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Flame Resistant Fabrics Market: Key Findings

  • The oil and gas industry is one of the major end-use industries for flame retardant fabrics. These products are widely used, due to the high fire risks in the industry. Major companies in the oil and gas industry provide clothing with flame retardant fabrics to their workforce to prevent any undesirable incidents due to fire. Hence, increasing oil and gas exploration activities are expected to drive the sales growth in the global flame retardant fabrics market.
  • Flame retardant fabrics find wide application in law enforcement and firefighting services, home furnishings, industrial protective clothing and the transportation industry. Additionally, industrial protective clothing is growing in popularity, due to its ability to serve as an inert barrier between fire and skin. Hence, these garments function as highly effective protective layers when an individual is exposed to high temperatures and flames, says a TMR report on the global flame resistant fabrics market.

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Flame Retardant Fabrics Market: Growth Boosters

  • Rising attention to worker safety among companies in various industrial sectors such as defense, construction, and oil & gas sectors is driving sales growth in the global flame retardant fabrics market
  • Rising need for advanced rail networks, railways and metros creates opportunities for revenue generation in the market
  • Rising Fire Incidents in Commercial and Residential Sectors Propel Global Fire Retardant Fabrics Market

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Flame Resistant Fabrics Market: Regional Analysis

  • The flame retardant fabrics market in Europe is expected to maintain its dominant position during the forecast period, due to many factors such as the growing demand for products from the regional transportation industry. Additionally, nations such as Italy and Germany are expected to provide significant business opportunities for companies operating in the flame retardant fabrics market, owing to the increase in usage of the products in motor racing activities.
  • the Asia Pacific The flame retardant fabrics market is expected to gain promising sales prospects in the coming years, owing to the growing demand for products from the regional industrial sector, notes a TMR study

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Flame Resistant Fabrics Market: Key Players

Some of the key players profiled in the report are:

  • Evonik Industries SA
  • Du Pont
  • Huntsman International LLC
  • Gunei Che Flame Resistant Fabrics Industry Co., Ltd.
  • Lenzing AG
  • Kaneka Company
  • PBI Performance Products
  • Milliken & Company
  • Koninklijke Ten Cate AG (TenCate)
  • Solvay
  • Aramid Teijin
  • Toyobo Co., Ltd.

Flame Resistant Fabrics Market Segmentation

Application

  • Industrial protective clothing
  • Law enforcement and firefighting services
  • Transport
  • Others (Defence, Mining, etc.)

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

The chemicals and materials industry struggles with the tangible impact of economic and cultural shifts, explore Transparency Market Research’s award-winning coverage of the world Chemicals and Materials Market:

Brominated Flame Retardants Market – https://www.transparencymarketresearch.com/brominated-flame-retardants-market.html

Mineral Flame Retardants Market – https://www.transparencymarketresearch.com/mineral-flame-retardants-market.html

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