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Fire Resistant Fabrics Market Industry Outlines, Future Trends, Insight And Quality Analysis And Sustainable Growth Strategy Over 2022
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The increasing safety regulations in developing as well as developed countries are projected to boost the growth of the fire resistant fabrics market. The safety concerns of workers in industries is of top-most priority, by setting up strict safety regulatory guidelines, government and regular authorities are taking care of it. Industrial regulations and standards such as OSHA (occupational safety and health standards) and NFPA (national fire protection association) regulations have set some codes, such as NFPA 70E and NFPA 2112 have contributed a lot towards the growth of the fire resistant fabrics market.
Europe held the largest share (37.1%) in the global fire resistant fabrics market with a market size of $1,466.5 million. The fire resistant fabrics market in the region is anticipated to witness growth at a CAGR of 5.0% during the forecast period. The major reasons behind the growth of the fire resistant fabrics market in the region include stringent safety norms and increased use of fire resistant fabrics in commercial spaces.
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Among the various applications, the industrial protective clothing segment held the largest share in the global market in 2015, and it also expected to witness the fastest growth during 2016-2022. The transportation application segment is emerging out as the major contributor in the global fire resistant fabrics market.
Some of the major companies operating in the global fire resistant fabric market include E.I DuPont de Nemours & Co., Westex, Royal TenCate N.V., Kaneka Corporation (Japan), Solvay S.A., Teijin Ltd., PBI Performance Products Inc., Glen Raven Technical Fabrics LLC, Gun Ei Chemical Industry Co. Ltd., Huntsman Corporation, Lenzing AG, W.L. Gore & Associates Inc.
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