Flame Resistant Fabric Market- Opportunities in Key Application Sectors by 2024
In 2016, Asia Pacific has become of the leading region due to increasing industrialization in emerging countries which will positively affect the market. Increasing automobile, construction, oil & gas industries in the emerging countries, owing to government investment initiative in these sectors will positively influence the growth of global flame resistant fabric market over the coming years.Increasing demand for flame resistant fabric owing to government stringent regulation controlling and maintaining safety at workplace for labors will propel market growth. Greater participation of industries for maintaining safe working environment and growing social responsibility among employees regarding safety is propelling the demand for flame resistant fabric.
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Hybrid product segment will grow at a CAGR of around 6% over the coming years. This segment is rapidly growing in end-user industry due to its light weight and cost-efficient properties. It is manufactured by different fibers like carbon fiber and aramid yarns. Moreover, inherent segment is likely to grow in term of volume owing to its durable properties and wide application in end-user industries.
Transportation sector is growing with a CAGR of around 6.5% and is likely to increase owing to government investment initiative and foreign investment in construction of better railways, metro and road network in emerging countries. Other than this industrial segment is also growing in term of volume due to increasing industrialization and urbanization in Asia Pacific and Africa.
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Asia Pacific region holds a potential market share in 2016 and is set to surpass USD 1.5 billion by the end of forecast timeframe. Rising investments by the end-user industry and strict government regulation for protecting employees will drive the market for China, Japan and India. Further, Latin America and Middle East & Africa is likely to witness positive growth owing to increasing demand from end-user industries over forecast timeframe. Europe accounts for highest volume consumption with more than 22% of overall market revenue.
Prominent players present in flame resistant fabric market are TOYOBO CO., LTD., LENZING AG, Huntsman International, Evonik Industries., DuPont, Koninklijke Ten Cate nv, Solvay, Milliken & Company, Teijin Aramid B.V. and others.
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Chapter 2. Executive Summary
2.1. Flame Resistant Fabrics market 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Product by end user trends
2.1.3. End-user trends
2.1.4. Regional trends
Chapter 3. Flame Resistant Fabrics Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Distribution channel analysis
3.3.2. Vendor matrix
3.3.3. Profit margin
3.3.4. Value addition by stage
3.4. Raw material analysis
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. Europe
3.5.3. China
3.6. Pricing analysis
3.6.1. Regional pricing
3.7. Industry impact forces
3.7.1. Growth drivers
· Stringent regulation protecting and maintaining safety at workplace
3.7.2. Industry pitfalls & challenges
· High production costs and huge R&D investments
· Fluctuating raw material costs
3.8. Growth potential analysis
3.8.1. Cost structure analysis
3.9. Porter's analysis
3.10. Competitive landscape, 2016
3.10.1. Strategic dashboard
3.10.2. Company market share analysis, 2016
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