London, UK (PRWEB) May 13, 2015
The demand for fire resistant fabrics worldwide is forecast to grow from around USD 3.870 billion in 2015 to surpass the USD 5.036 billion mark by 2020, at a CAGR of 5.4%. The key factors driving the market growth is stringent industrial regulations and standards in tandem with the rising demand for protective clothing from different end-user industries.
Geography-wise, Europe dominates the world’s fire resistant fabrics market. The South American market is also expected to post high growth rates primarily owing to the increasing demand from the growing industries, including oil & gas and infrastructure, amid others. North America is the 2nd largest market for fire resistant fabrics and is likely to have an average growth through to 2019. The APAC market for fire resistant fabrics is projected to see steady growth in the years ahead. The sector for apparel fire resistant fabrics dominates the overall market and will likely see high growth due to favourable regulations on protective clothing like the Ocupational Health & Safety Administration (OSHA) 2012 mandate.
The R&D incentives for developing novel products alongside geographic and capacity expansions for targeting emerging high growth regions will stimulate the growth of the fire resistant fabrics market to 2020. E.I DuPont de Nemours & Co., Westesx by Milliken, Royal TenCate N.V., Kaneka Corporation, Solvay S.A., Teijin Ltd. and PBI Performance Products Inc., among others, are the leading industry players.
The new market research report “Fire Resistant Fabric Market by Type (Apparel & Non-Apparel) and Application (Industrial Protective Clothing, Defense & Public Safety Services, Transport – Railways, Aircraft, Automotive, Marine) - Global Trends & Forecasts to 2020” developed by MarketsandMarkets has been recently published at MarketPublishers.com.
Title: Fire Resistant Fabric Market by Type (Apparel & Non-Apparel) and Application (Industrial Protective Clothing, Defense & Public Safety Services, Transport – Railways, Aircraft, Automotive, Marine) - Global Trends & Forecasts to 2020
Published: May, 2015
Price: US$ 4,650.00
The report estimates the market for the world’s market for fire resistant fabrics during 2015, alongside giving projections of its demand to 2020. It categorises the market based on type, application and region in terms of market size (volume and value) and analysing trends in each of the submarkets. The research publication reviews the market dynamics, covering major drivers and limiters, lucrative opportunities and challenges. The study discusses the competitive scene including reviews of the top 12 fire resistant fabric market players. It profiles the leading industry players, covering their latest developments and other important industry activities.
Reasons To Buy:
- Deepen your knowledge of the global fire resistant fabric market.
- Obtain data on the current and historical performance of the overall industry and its major segments.
- Gain a better understanding of the market dynamics and elaborate a number of respective strategies.
- Keep track of the latest development trends and brining issues in the market.
- Get wind of the competition in the market, identify the leading players and search for the most prospective business partners.
- See how the global fire resistant fabric market will likely develop until end-2020.
More new reports by the publisher can be found at MarketsandMarkets page.