New York
City, 29 January 2019: The global Fire Resistant Fabrics Market is anticipated to reach USD 8.5
billion by 2026 according to a new research published by Polaris Market
Research. In 2018, the treated Fire Resistant Fabrics segment accounted for the
highest market share in terms of revenue. Europe is expected to be the leading
contributor to the global Fire Resistant Fabrics market revenue in 2018.
The growing need to provide workplace
safety has resulted in Fire Resistant Fabrics market growth. The advancements
in technologies and introduction of stringent regulations regarding safety of
workforce further lead to Fire Resistant Fabrics market growth. Increasing
demand for fire resistant fabrics from public spaces such as theatre, school
and auditoriums, along with growing use in firefighting uniforms, transport,
and law enforcement services supplement the growth of Fire Resistant Fabrics
market. Growing demand of Fire Resistant Fabrics from developing nations
provide growth opportunities for the market. The increasing use of fire
resistant fabrics in construction, oil and gas, and mining sectors among others
are propelling the growth of global Fire Resistant Fabrics market.
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Europe generated the highest Fire
Resistant Fabrics market share in terms of revenue in 2018. The adoption of
fire resistant fabrics is expected to increase significantly in this region
owing to increasing need to offer safety and security to the workforce. The
increasing demand from the defense sector also drives the fire resistant
fabrics market across various countries in the region. Market players in the
European Fire Resistant Fabrics industry are introducing highly efficient and
affordable fire resistant fabrics to cater to the growing consumer needs.
Increasing safety concerns, growing military expenditure, and increasing use in
the oil and gas and mining sectors are factors encouraging market players to
launch efficient fire resistant fabrics across the globe.
Competitive Landscape and Key Vendors:
Leading global players
are expanding their presence in developing nations of India, China, and Japan
to tap the growth opportunities offered by these countries. They are also
introducing new products in the market to cater to the growing consumer
demands. For instance, in January 2015, Teijin Limited announced the launch of
Teijinconex neo, which is a new type of meta-aramid fiber providing unsurpassed
heat resistance along with excellent dyeability. This launch enabled the company
to enhance its product offerings in the Fire Resistant Fabrics market and cater
to the growing consumer demands.
The well-known companies profiled in
the Fire Resistant Fabrics market report include Huntsman International LLC,
PBI Fibers International, Teijin Limited, E. I. Dupont De Nemours and Company,
Royal Tencate N.V., Gun Ei Chemical Industry Co., Ltd., Solvay S.A., Kaneka
Corporation, Lenzing AG, and Newtex Industries, Inc. These companies launch new
products and collaborate with other market leaders to innovate and launch new
products to meet the increasing needs and requirements of consumers.
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