Use of Flame Resistant and Retardant Fabrics Rising in
Compliance with Stringent Fire Safety Standards in Potentially
Hazardous Workplace Environments
ROCKVILLE, Md., June 19, 2024 /PRNewswire/ -- Global revenue
of Flame Resistant And Retardant Fabrics Market size is
set to reach US$ 6.5 billion in 2024.
According to a recently updated research report compiled by
Fact.MR, the market is evaluated to expand at 7.5% CAGR, to reach a
valuation of US$ 13.39 billion from
2024 to 2034.
Flame-resistant and retardant fabrics are engineered to
self-extinguish or resist the spread of flames by minimizing the
risk of devastating fires and potential loss of life. Demand growth
for these fabrics is being led by stringent fire safety regulations
and heightened awareness of workplace hazards, especially in
critical sectors such as oil & gas exploration, mining, and
manufacturing.
Get Free Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=682
The aerospace and automotive sectors rely on flame-resistant
materials to enhance passenger safety in case of emergencies. As
the world becomes increasingly conscious of safety measures, the
market for these fabrics is projected to grow at a significant pace
driven by technological advancements, stricter regulations, and
persistent focus on mitigating fire-related risks across diverse
industries.
North America is the leading
regional market for flame-resistant and retardant fabrics, with
East Asia not far behind. The oil
& gas sector is the leading end user of these fabrics and will
continue holding the pole position over the next ten years.
Key Takeaways from Market Study
- Revenue from the global flame resistant and retardant fabric
market is projected to reach US$ 13.39
billion by 2034-end.
- Sales of flame resistant and retardant fabrics in North America are forecasted to increase at
7.4% CAGR from 2024 to 2034.
- East Asia is analyzed to
occupy 17.8% of the global market share by 2034-end.
- The market in China is
forecasted to expand at 7.4% CAGR from 2024 to 2034.
- The oil & gas end-use segment is forecasted to increase to
a value of US$ 3.6 billion by
2034-end.
- The market in Canada is
calculated to expand at 7.9% CAGR through 2034.
"Continuous innovation in textile engineering is leading
to the development of advanced materials and treatments that
enhance the performance, durability, and versatility of flame
resistant and retardant fabrics," says a Fact.MR
analyst.
Key companies driving this market expansion include PBI
Performance Products Inc., known for its advanced fabric
technologies, and Evonik Industries, which provides crucial
chemical components. Gunei Chemical Industry Co., Ltd. specializes
in tailored chemical products for flame retardant fabrics, while
Huntsman International LLC is a major supplier of essential
materials in this industry. Kaneka Corporation continues to
innovate with its diverse product offerings, and Koninklijke Ten
Cate NV (TenCate) is recognized for its high-performance materials.
Milliken & Company leverages its materials science expertise to
offer advanced solutions, and Norfab Corporation is noted for its
innovative and high-quality products. Solvay SA contributes with
its specialty chemicals and materials, and Teijin Aramid BV is
renowned for its advanced aramid fibers, which play a crucial role
in the development of flame resistant and retardant fabrics.
High Demand for Flame Resistant and Retardant Fabrics from
Oil & Gas Sector in North
America
The oil & gas sector is characterized by hazardous
operations and stringent safety protocols and has therefore
embraced these specialized fabrics as an essential safeguard
against fires, explosions, and other thermal hazards. North America's commitment to worker safety
and regulatory compliance has fueled the adoption of advanced
protective textiles, positioning the region as a lucrative market
for flame-resistant and retardant fabric manufacturers.
Get Customization on this Report for Specific Research
Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=682
Recent Developments:
Key players in the flame resistant and retardant fabric market
are focusing on developing improved fibers that offer superior
flame resistance, durability, and comfort. This includes the
production of smart textiles to provide additional functionalities,
such as temperature regulation or moisture-wicking.
- In April 2024, Daletec exhibited
its offerings at Techtextil Frankfurt. One of these included
Offshore Stretch, which provides excellent flexibility and flame
resistance for demanding offshore environments.
- In May 2023, TenCate Protective
Fabrics recently launched Tecasafe® 360+, a revolutionary
inherently flame-resistant stretch fabric. This innovation combines
the protective qualities of flame-resistant materials with the
comfort of stretch technology.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of
the flame resistant and retardant fabric market for 2019 to 2023
and forecasts market statistics for 2024 to 2034.
The study divulges essential insights into the market based
on weight (up to 12 oz. per sq. yard, 12 to 17 oz. per sq.
yard, 17 to 22 oz. per sq. yard, 22 to 33 oz. per sq. yard, greater
than 33 oz. per sq. yard), thickness (up to 0.056 inches, 0.056 to
0.065 inches, 0.065 to 0.080 inches, 0.080 to 0.102 inches, greater
than 0.102 inches), end user (oil & gas, mining, packaging,
automotive, marine, pharmaceuticals, electronics & electrical,
construction), and application (industrial protective clothing, law
enforcement services, transport), across seven major regions
of the world (North America,
Latin America, Eastern Europe, Western Europe, East
Asia, South Asia &
Pacific, and MEA).
Explore More Related Studies Published by Fact.MR
Research:
The global windproof fabrics market is projected to reach a
valuation of US$ 1,452.1 million in
2023. It is expected to grow at a compound annual growth rate
(CAGR) of 5.1%, reaching US$ 2,388.9
million by the end of 2033.
The global high temperature fabric market was estimated at
US$ 3.1 billion in 2023 and is
forecasted to expand at a steady compound annual growth rate (CAGR)
of 4.1%, reaching a valuation of US$ 5.1
billion by 2034.
The global fiberglass fabric market, currently valued at
US$ 10.27 billion, is expected to
grow at a robust compound annual growth rate (CAGR) of 7.2%,
reaching US$ 20.69 billion by
2032.
About Fact.MR:
Fact.MR is a distinguished market research company renowned
for its comprehensive market reports and invaluable business
insights. As a prominent player in business intelligence, we
deliver deep analysis, uncovering market trends, growth paths, and
competitive landscapes. Renowned for its commitment to accuracy and
reliability, we empower businesses with crucial data and strategic
recommendations, facilitating informed decision-making and
enhancing market positioning. With its unwavering dedication to
providing reliable market intelligence, FACT.MR continues to assist
companies in navigating dynamic market challenges with confidence
and achieving long-term success. With a global presence and a team
of experienced analysts, FACT.MR ensures its clients receive
actionable insights to capitalize on emerging opportunities and
stay ahead in the competitive landscape.
Contact:
S.N. Jha
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Sales Team: sales@factmr.com
Follow Us: LinkedIn | Twitter | Blog
View original
content:https://www.prnewswire.co.uk/news-releases/flame-resistant-and-retardant-fabric-market-is-anticipated-to-reach-us-13-39-billion-by-2034-factmr-report-302176884.html