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Flame Resistant Fabrics Market 2024: Key Players DuPont, Milliken & Company, Hun, Evonik Industries AG.
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The market is hindered by high R&D and initial investment cost for the implementation of new equipment for developing advanced technologies, which will challenge market growth over the forecast timeframe. In addition, the heavy maintenance cost of new equipment is restricting the manufacturers and investors from setting up new plants, restraining the flame resistant fabric market. Therefore, a rise in R&D cost for implementing innovative technologies will hinder market growth.
The primary raw materials for flame resistant fabrics, such as acrylic and polyester, are experiencing fluctuations in raw material prices owing to the variations in crude oil prices, which are negatively impacting the market. Moreover, from last few years, the cost of silk & wool is also growing, which is significantly used for fabric manufacturing, decelerating the market growth.
Based on the product segment, the hybrid segment is likely to grow at a CAGR of around 6% over the forecast timeframe owing to its wide range of applications in several industries. It is cost-efficient and lightweight as it is produced by fibers such as carbon and aramid yarns. Further, the segment will grow in volume due to its growing applications in end-user industries and efficient properties.
In the end-user segment, the transportation segment is the fastest moving sector, growing at a CAGR of over 6.5% and increasing in coming years due to the government initiatives toward investment along with foreign investments for constructing better metro, road network, and railways in developing countries. Apart from these segments, the industrial sector is also rising in volume owing to the growing urbanization and industrialization in Africa and Asia Pacific.
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Asia Pacific holds the maximum market share for 2016, which is likely to exceed USD 1.5 billion over the forecast period. Growing investments and stringent government regulations in the region for maintaining safe working environment will augment the market growth for Japan, China, and India. In addition, the Middle East and Africa and Latin America will witness growth due to the growing demand from various industries during the forecast period. Europe holds the highest potential in terms of potential volume consumption with around 22% of the market revenue.
The market is dominated by prominent players such as TOYOBO, Huntsman, LENZING, Evonik, DuPont, Ten Cate, Milliken and company, Solvay, and Teijin Aramid.
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
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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
3.11. PESTEL analysis
Chapter 4. Flame Resistant Fabrics Market, Product by End-user
4.1. Global flame-resistant fabrics market share product by end-user, 2016 & 2024
4.2. Inherent
4.3. Treated
4.4. Hybrid
4.5. Others
Chapter 5. Flame Resistant Fabrics Market, By End-user
5.1. Global flame-resistant fabrics market share by End-user, 2016 & 2024
5.2. Defense & public services
5.3. Industrial
5.4. Transport
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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