ALBANY, N.Y., Feb. 22, 2022 — According to analysts at Transparency Market Research (TMR), the global flame resistant fabrics market is prognosticated to register growth at a CAGR of 6.8% during the forecast period, from 2021 to 2031.
Manufacturers in the flame resistant fabrics market are increasing efforts to spread awareness on advantages of their products, including the ability of flame resistant fabrics to help in fulfilling occupational safety standards of government authorities of several nations. Moreover, products are in high demand, as they offer high level of safety to the workers. These factors are resulting in lucrative opportunities in the flame resistant fabrics market.
Flame resistant fabrics are being increasingly used in the defense industry, owing to severe risk of fire outbreaks in the industry. Hence, flame resistant fabrics are being used in order to protect employees working in this industry. This factor is generating expansion opportunities in the global flame resistant fabrics market.
Flame Resistant Fabrics Market: Key Findings
The oil & gas industry is one of the key end-use industries of flame resistant fabrics. These products are widely utilized, owing to high possibilities of fire outbreak in the industry. Major companies in the oil & gas industry are providing clothing with flame resistant fabrics to their workforce in order to prevent any untoward incident due to fire. Hence, rise in oil & gas exploration activities is anticipated to boost the sales growth in the global flame resistant fabrics market.
Flame resistant fabrics find wide application in law enforcement & firefighting services, home furnishing, industrial protective clothing, and transportation industry. Moreover, industrial protective clothing is gaining traction, owing to their ability to serve as an inert barrier between fire and skin. Hence, these clothing work as highly efficient protection layers when an individual is exposed to high temperature and flames, states a TMR report on the global flame resistant fabrics market.
Flame Resistant Fabrics Market: Growth Boosters
Rising focus on worker safety among companies from varied industry verticals such as the defense, construction, and oil and gas sectors is driving the sales growth in the global flame resistant fabrics market
Surge in the need of advanced rail networks, railways, and metros is leading to revenue-generation opportunities in the market
Flame Resistant Fabrics Market: Regional Analysis
The flame resistant fabrics market in Europe is projected to maintain its dominant position during the forecast period, owing to many factors such as rising product demand from the regional transportation industry. Furthermore, nations such as Italy and Germany are projected to provide sizable business opportunities for companies operating in the flame resistant fabrics market, owing to surge in the product use in car-racing activities.
The Asia Pacific flame resistant fabrics market is expected to gain promising sales prospects in the upcoming years, owing to rising product demand from the regional industrial sector, notes TMR study
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