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Southeast Asia Flame Retardant Apparel Market Size, Current and Future Trend 2018-2027 | Comprehensive Report by Fact.MR

02-26-2021 02:19 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Southeast Asia Flame Retardant Apparel Market Size, Current

Global flame retardant sales reached nearly 192 million square meter in 2018, with momentum likely to drive the market to a 6.2% y-o-y in 2019, according to Fact.MR’s latest analysis. Imposition of stringent regulatory rules and growing awareness about workers’ safety in high-risk industries worldwide continue to drive growth. Gains have also been driven by macroeconomic factors, notably stability in global oil prices and capital injection in infrastructure projects. The report opines that effective implementation of workplace safety guidelines in developing countries can open up new opportunities for manufacturers.

Get all Report Details@ https://www.factmr.com/report/2830/flame-retardant-apparel-market

The Fact.MR study thoroughly analyzes growth parameters of global flame retardant apparel market to provide comprehensive and insightful information about the future prospects of the global flame retardant apparel market.

Oil & Gas and Power Generation Industries Create Promising Growth Opportunities

The Fact.MR study on flame retardant apparel market offers demand and supply analysis for flame retardant apparels across various end-user industries, such as mining, petrochemical, oil & gas, power, and automotive & transportation. According to the study, the oil & gas industry remains the largest consumer of flame retardant apparels.

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The oil & gas industry is one of the high-risk industries that can pose serious harm to workers’ health and is prone to severe workplace accidents. Protective clothing, such as flame retardant apparels, have proven to be an effective safeguard against serious injuries and fatalities. The fatal accident rate (FAR) in the oil & gas industry decreased by approximate 36% in 2017 over 2016 as the number of fatalities decreased from 50 to 33 during the year, according to the reports filed by 45 oil & gas companies associated with the International Association of Oil & Gas Producers (IOGP) organization. The study opines that the effectiveness of protective clothing in improving worker safety will continue to drive sales in 2019 and beyond.

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According to the Fact.MR study, demand for flame retardant apparels will be complemented by healthy adoption in the power industry. Evolving workplace safety regulation in power, electronics electrical, and automotive & transportation industries are also likely to influence growth.

European Market to Create Most Promising Growth Opportunities with Over One-Third Volume Share

The Fact.MR study finds EU at the forefront of global fire retardant clothing demand, with over one-third volume share in 2018. The constantly evolving regulatory framework for personal protective equipment in Europe has accelerated the demand for flame retardant apparels in the region. The mandatory conformity to the Regulation (EU) 2016/425 adopted by the European Commission has been instrumental in boosting growth of the Europe flame retardant apparel market.

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About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

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