Flame Resistant Fabrics Market growth outlook with industry review and forecasts 2017-2024

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Flame Resistant Fabrics Market growth drivers in
2017 Challenges by 2024
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• Overview

• Profoundly claimed to be one of the biggest
  breakthroughs in Flame Resistant Fabrics
  Market of recent times, Carrington Textiles is on
  its way to launch an innovative flame retardant
  product, Flametech 300AS at the AA trade fair,
  in Germany. A state-of-the-art version of the
  predecessor, Flamestat Satin 225 Pro2 and
  Flametougher 280AS, Flametech 300AS is reported
  to provide multifunctional protection to
  industrial workers against harsh environmental
  conditions. 
• Global Flame Resistant Fabrics Market is its
  availability in five different set of colors,
  including hi-vis orange and hi-vis red, in
  compliance with the latest EN20471 standards.
  Experts have already started raving about the
  product and are expecting the multi-color flame
  retardant workwear to disrupt the flame resistant
  fabrics industry. 
• Driven by the surging demand for flame resistant
  apparels across a plethora of end-use industries
  including transport, mining, construction,
  military, oil gas, infrastructure, and
  construction sector, overall flame resistant
  fabrics market was pegged at USD 4 billion in the
  year 2016. The transport sector, unquestionably,
  is one of the prominent application arenas of
  flame resistant fabrics market.

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• The increasing governmental as well as foreign
  investments with regards to the construction of
  road, metro, and railway network is certain to
  upscale the demand for these products. Overall
  flame resistant fabrics industry from
  transportation application, as per estimates, is
  slated to witness a y-o-y growth of 6.5 over
  2017-2024.
• According to IBEF (India Brand Equity
  Foundation), the Indian Government has reserved
  almost 20 of its infrastructural investment of
  USD 1 trillion for road construction under the
  nations 12th Five-Year Plan (2012-2017).
  Furthermore, in the Union budget of 2017-2018,
  the regional government has allotted almost USD
  9.55 billion to NHAI for highways and roads. The
  astounding investment in transport sector is
  depicting the application scope of flame
  resistant fabrics market in the country over the
  coming years.
• Considering the deployment of flame retardant
  fabrics across myriad end-use domains, flame
  resistant fabrics market is expected to penetrate
  majority of the geographies worldwide.
  Nonetheless, given that governmental initiatives
  playing a crucial role, it is indisputable that
  APAC will hold a stronger command in the global
  flame resistant fabrics industry.

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• 360 Analysis

• Rising investments in the major end-use domains
  along with a strict regulatory frame of reference
  with regards to workers safety and protection
  have enlarged the business opportunity in this
  belt.  Trailed by APAC, Latin America is another
  prominent region where the growth prospect of
  flame resistant fabrics industry is forecast to
  be positively high.
• Speaking of the product landscape, while inherent
  flame retardant apparels have been chronicled to
  be the most consumed product, the other two
  categories such as hybrid and treated fabric have
  also observed a significant push lately. In fact,
  hybrid flame resistant fabrics market is claimed
  to record a CAGR of 6 over 2017-2024. A major
  credit to this shift in market trend can be
  credited to the incessant efforts undertaken by
  the renowned biggies to upgrade their product
  range and diversify their business portfolio.
• Some of the other biggies involved in flame
  resistant fabrics industry include Huntsman
  International LLC, Milliken Company, LENZING
  AG, Solvay, and Evonik Industries. These players
  have been depicting high interest in research
  activities to come up with innovative products
  for workers safety.

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Competitive Trends

• The notable industries in Flame Resistant Fabrics
  are
• Huntsman International LLC,
• Milliken Company,
• LENZING AG, Solvay,
• Evonik Industries

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