Flame Retardant Apparel Market Will Grow At An Impressive 6.5% Volume CAGR Through 2027

Global flame retardant sales reached nearly 192 million square meters 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. The 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, notable stability in global oil prices, and capital injection in infrastructure projects. The report opines that the effective implementation of workplace safety guidelines in developing countries can open up new opportunities for manufacturers.

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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 apparel in the region. The mandatory conformity to the Regulation (EU) 2016/425 adopted by the European Commission has been instrumental in boosting the growth of the European flame retardant apparel market.

Furthermore, rapidly growing oil & gas demand in the European Union has bolstered the expansion of the oil & gas industry in the region, which is likely to create a positive growth environment for fire-resistant clothing market players. Thereby, flame retardant apparel market players are shifting their focus on complying with the European regulatory framework and meeting the dynamic end-user requirements in the region.

MRI-guided Radiation Therapy Systems Market - Competitive Landscape
The technology used in MRI-guided radiation therapy systems is relatively new, and the market is yet at its infancy. Implementing a new technology to introduce an innovative radiation therapy system that is MRI-compatible, without the interference of one component with another, requires extensive R&D and significant capital investments.

Manufacturers rely on licensing and patenting their innovative technologies for revenues and sales. Currently, only two companies have a substantial presence in the MRI-guided radiation therapy systems market-Elekta AB and Viewray Technologies, Inc.

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Key Segments of Flame Retardant Apparel Market

Product Type

Inherent Flame Retardant Apparel
Treated Flame Retardant Apparel

Type

Woven
Non-Woven
Knitted

Clothing Type

Durable Clothing
Disposable Clothing

End Use

Oil & Gas
Petrochemical
Power
Mining
Electronics and Electrical
Automotive & Transportation
Building & Construction
Federal & State Departments

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After reading the Flame Retardant Market report, readers get insight into:

Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
New, promising avenues in key regions
New revenue streams for all players in emerging markets
Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
Demand and uptake patterns in key industries of Flame Retardant Market
New research and development projects in new technologies in key regional markets
Changing revenue share and size of key product segments during the forecast period
Technologies and business models with disruptive potential

The report answers important questions which include:

Why is player leading the in region?
Which factors pose a negative impact on the growth?
What was the value registered in 2022?
What challenges do the players face during R&D stages?
Which countries contribute a significant share to the total revenue in region?

For More Insights- https://www.prnewswire.com/news-releases/led-airfield-ground-lighting-to-remain-top-selling-accounting-for-over-80-of-airfield-ground-lighting-sales-factmr-301273840.html

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