Press release
Flame Retardant Apparel Market to grow at a CAGR of 7% to Reach valuation of US$ 7.83 Billion by 2033
As per Fact.MR, a provider of market research and competitive intelligence, The global flame retardant apparel market is valued at US$ 3.98 billion in 2023 and is projected to reach US$ 7.83 billion by 2033. Worldwide revenue from the sales of flame-retardant apparel is forecasted to increase at a CAGR of 7% from 2023 to 2033.Flame Retardant Apparel refers to specialized clothing designed to minimize the risk of injury in environments where there is a potential for exposure to flames, sparks, or high temperatures. This type of apparel is treated with flame-resistant chemicals or made from inherently flame-resistant fabrics, which inhibit or delay the spread of flames and reduce the severity of burns in case of a fire-related incident.
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Compared to other alternatives, such as regular clothing or non-treated fabrics, Flame Retardant Apparel offers several key advantages. Firstly, it provides an added layer of protection against burn injuries by reducing the speed at which flames spread and limiting the extent of burns. Secondly, unlike non-treated clothing, Flame Retardant Apparel is designed to self-extinguish once removed from the ignition source, which can prevent secondary injuries caused by burning fabric.
The flame-retardant apparel market is growing due to the rising focus on occupational safety, stringent regulations, and increased awareness of worker well-being. Technological advancements in materials and designs also contribute to market expansion, making these specialized garments more comfortable and effective.
Key Takeaways:
• Global Flame-retardant apparel market is highly consolidated and tier I and tier II companies hold over 80% of the market share.
• The Asia Pacific market is expected to witness a robust CAGR during the forecast period due to high infrastructure investment in Asia Pacific.
• Moreover, the recovery in oil prices and relative economic stability in the US has been crucial in driving business activity.
The flame-retardant apparel market is mainly driven by increasing workplace safety regulations, heightened awareness of occupational hazards, and a growing emphasis on protecting workers in high-risk industries - Says FACTMR Expert
Key Companies Profiled in This Report
• Honeywell International Inc.
• Bulwark FR
• Seyntex N.V.
• Fristads
• Marina Textil S.L.
• DEVA F-M. s.r.o.
• Koninklijke Ten Cate BV
• Portwest Ltd.
• Lakeland Industries, Inc.
• National Safety Apparel
• Ansell Protective Solutions AB
• Carrington Textiles Ltd
• Hydrowear
• Arco
• Scandia Gear Europe B.V.
• Eagle Technical Products
Market Competition
The market is highly consolidated with tier I and tier II companies occupying around 80% of the market. Moreover, large-scale and vertically integrated companies are expected to have easy accessibility to raw materials.
Industry giants in the flame-retardant apparel market are actively working towards refining worker safety through continuous innovation. Collaborations with research institutions and universities enable them to stay at the forefront of flame-resistant technology. They invest heavily in research and development to create fabrics and materials that not only offer superior protection against fire and thermal hazards but also ensure comfort and wearability, factors essential for prolonged use in demanding work environments.
• In September 2019, 3M introduced a new flame-resistant reflective trim technology designed for use in high-visibility workwear. This innovation aimed to enhance the visibility and safety of workers in low-light conditions while also providing flame resistance.
• In February 2020, Carhartt announced a collaboration with Tyndale, a leading provider of flame-resistant workwear. The partnership aimed to bring together Carhartt's rugged workwear designs with Tyndale's expertise in flame-resistant garments, offering workers in various industries both durability and protection.
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Winning strategies
• In the flame-retardant apparel market, companies should focus on research-driven innovation for improved materials, offer customization options, and ensure compliance with safety standards.
• Educational initiatives, partnerships, and sustainability efforts can enhance brand reputation. Providing robust customer support, expanding globally, and embracing continuous improvement are also vital strategies for success.
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About Fact.MR:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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