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Flame Retardant Fabrics Market to receive overwhelming hike in Revenues by 2025

01-31-2018 01:32 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Persistence Market Research

/ PR Agency: Persistence Market Research
Flame Retardant Fabrics Market to receive overwhelming hike

As fire-related accidents are growing in everyday life, the demand for flame retardant fabrics is increasing. Flame retardant fabric limits the risk of ignition by reducing the rate of flame from spreading. Certain novel strategies are being used that showcase intriguing results with the use of nanocomposite synthetic fibers. According to a recent study, biomacromolecules when deposited on synthetic substrates, such as cotton, polyester, and others have shown unexpected flame retardant features. The flame retardant fabrics find applications in clothing, home textiles, and public utility, and in various end users such as aerospace, industrial, automotive, building & construction, and others. Small volumes of flame retardants are also sold to paper, adhesives, textile, and paint industries. Natural fibers do not melt. Silk and wool burn slowly, whereas untreated natural fibers, such as cotton and linen ignite quickly, hence flame retardant fabrics to name a few alumina trihydrate, antimony trioxide, boron compounds, and others are used to reduce the flammability of fabrics.

The rapid growth in industrialization has carried various known and unknown hazards along with it, which in turn has turned the focus toward safety, thereby making it important to adopt flame retardant fabrics. The rise in demand of the flame retardants in the electric industry for reducing the flammability of semiconductors, and the demand for flame retardant chemicals in various end users, such as automotive industry and construction materials are the key factors driving the flame retardant fabrics market globally. The government regulations implying on using flame retardant garments in end users, such as oil & gas and chemical industries also drive the global flame retardant fabrics market.

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The changes in applications of the use of specific plastics, voluntary commitments from industries, and changing standards for fire safety are creating opportunities for the flame retardant fabrics market globally. Most of the innovation and development in flame retardants is seen in polymeric materials, thereby, creating opportunities for business in electronics industry which ultimately creates opportunities for the global flame retardant fabrics market. This new class of polymeric materials is being widely accepted and meets the regulatory demands owing to their less environmental impact, hence creating a trend for the global flame retardant fabrics market.

However, flame retardants are categorized as compounds that impact the environment and are harmful to health owing to the presence of certain harmful chemicals in the fabrics which release high amount of carbon dioxide and hydrogen cyanide during ignition. Hence, their wide application in various end users, may hold the growth of the flame retardant fabrics market globally.

As the oil & gas and the chemical sectors flourish, they will continue to drive the demand for flame retardant fabrics in the developing economies as a result of the adoption of safety regulations which are already carried out in developed economies. The flame retardant fabric is well established in the Europe and North American market whilst the countries in Asia-Pacific which are still developing are said to hold second largest market for the flame retardant fabrics owing to the increase in manufacturing activities and high investments.

Examples of some of the market participants in the global flame retardant fabrics market are E. I. du Pont de Nemours and Company, Milliken & Company, TenCate, PBI Performance Products, Gun Ei Chemical Industry Co, Huntsman Corporation, Kaneka Corporation, Lenzing AG, Solvay S.A., Teijin Aramid BV, and Toyobo.

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Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.

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