Press release
Flame Resistant And Retardant Fabric Market Is Forecast To Reach Usd 11.3 Billion By 2032
The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.
However, with the relaxations in the government regulations and an expedited vaccination drive in countries like China, the U.S., the UK, and India, the Flame Resistant and Retardant Fabric Market industry is slowly picking up its pace. The manufacturers are preparing to reopen their production sites, abiding by the government regulations.
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Global Flame Resistant and Retardant Fabric Market Segments
By Weight :-
Up to 12 oz. per sq. yard
12 to 17 oz. per sq. yard
17 to 22 oz. per sq. yard
22 to 33 oz. per sq. yard
Greater than 33 oz. per sq. yard
By Thickness Type :-
Up to 0.056 inches
0.056 to 0.065 inches
0.065 to 0.080 inches
0.080 to 0.102 inches
Greater than 0.102 inches
By End User :-
Oil & Gas Industries
Mining
Packaging
Automotive
Marine
Pharmaceuticals
Electronics and Electrical
Construction
Others End use Industries
By Application Type :-
Industrial Protective Clothing
Law enforcement services
Transport
Others
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Energy Consumption in the US is Leading to High Adoption of Flame Resistant and Retardant Fabric Market Systems
The US accounts for the largest share in the construction industry. The pandemic has halted many construction-related activities, which in turn has impacted the growth of the Flame Resistant and Retardant Fabric Market industry negatively.
However, the development in the Flame Resistant and Retardant Fabric Market industry is rising at a steady pace with the resumption of the construction industry. The ever-growing energy consumption in the country is also generating demand for more energy-efficient Flame Resistant and Retardant Fabric Market systems in the region.
Prominent players in the Flame Resistant and Retardant Fabric Market industry such as Honeywell Int., and new entrants such as Apple and Google NEST are also focusing on residential construction projects to bring more innovation and comfort to the residents. Such new strategies are helping the Flame Resistant and Retardant Fabric Market industry gradually recover from the blow of the pandemic.
Competitive Landscape: Top Companies in Flame Resistant and Retardant Fabric Market
Fact.MR has profiled the following key flame resistant and retardant fabric manufacturers in its report PBI Performance Products Inc., Solvay S.A., Koninklijke Ten Cate nv (TenCate), Teijin Aramid B.V., Gunei Chemical Industry Co., Ltd., Huntsman International LLC, Kaneka Corporation, Milliken & Company, Safety Components and Norfab Corporation.
Maximum number of players discussed in this report are more attentive on expanding their manufacturing units and product launches in prominent regions. The strategies include strategic alliances, partnerships and collaborations with key players, innovation, and strengthening of global & regional distribution networks.
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Technological Advancements are Leading Innovations in the Flame Resistant and Retardant Fabric Market in China
China is gradually recovering from the adverse effect of the pandemic due to its successful efforts in curbing the spread of the virus within the region. With almost negligible restrictions, the construction, heavy machinery, and automotive industry have started resuming operations.
Rising expenditure in technology and increasing emphasis on environmental safety are propelling the demand in the Flame Resistant and Retardant Fabric Market industry in China. The growing interest in billboard automation and industrial displays in allowing manufacturers to gradually attain their pre-pandemic status.
India is Experiencing High Adoption of Flame Resistant and Retardant Fabric Market Systems
The Indian Flame Resistant and Retardant Fabric Market industry witnessed a downfall due to the pandemic. In order to follow the safety guideline, many construction sites and manufacturing units were shut until further notice.
With the relaxation of these restrictions, the manufactures operating in the automation, engineering, and construction (AEC) industry managed to gather pace in recovery. However, the second wave of the pandemic hit the Flame Resistant and Retardant Fabric Market industry negatively, affecting the overall growth of the industry.
Being a fast-growing economy, global leaders are finding lucrative opportunities in the country, both in commercial and residential spaces, as the demand for multi-modal building automation is surging.
Key Long-Term Trends
The global Flame Resistant and Retardant Fabric Market industry is showing notable recovery in 2021 and will continue to offer opportunities for expansion to the players operating in the market. With the penetration of building automation in residential areas, the Flame Resistant and Retardant Fabric Market industry will show an upward trend. Some new trends that are boosting the growth in the market are:
Internet of Things (IoT)
The Internet of Things (IoT) and the Industrial Internet of Things (IIoT) are experiencing broader acceptance in the Flame Resistant and Retardant Fabric Market industry. The innovative technology which makes everything 'inter-connected is gaining immense popularity in both residential and commercial projects, making them technologically advanced and effective in risk management.
Edge Computing
As the number of residents increases, the data also becomes vaster. Hence, edge computing will act as a key technology in the Flame Resistant and Retardant Fabric Market industry. Edge computing enables data security, easy accessibility, and enhanced automation in commercial and residential buildings.
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