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The global flame retardant market size was valued over USD 6.27 billion in 2015.
Flame retardant is a key component reducing the impact of fires on people, property, and environment.
The growth in industries such as construction, transportation, and electrical & electronics is expected to propel market demand over the forecast period.Governments around the world have framed stringent regulations aimed at reducing destruction caused to life and property due to fire.
Nonhalogenated product type was the major product segment in 2015 with demand exceeding 1,400 kilo tons.
The consumption of these products is expected to grow rapidly owing to growing concerns about pollution caused by halogenated type.Brominated products dominated the halogenated segment and accounted for more than 40% market share in 2015.
Fire safety and prevention is the primary concern of the consumers in construction, the demand is expected to grow rapidly over the forecast period.Regional InsightsAsia Pacific was the major regional segment and accounted for over 45% of total volume in 2015.
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It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the flame retardant apparel market include 3M, Cintas Corporation, Condor, DuPont, Helly Hansen, Karewear, Kimberly-Clark Worldwide, Inc., National Safety Apparel, Oberon, Steel Grip, Weldas Company and Williamson-Dickie among others.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Flame Retardant Apparel Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/flame-retardant-apparel-market/download-sampleMarket DynamicsRising concern regarding workers safety is driving the demand of flame retardant apparels.
Stringent safety mandates imposed by regulatory authorities such as OSHA, NIOSH, and others are again fueling the market growth.
The increasing rate of fire accidents from oil & gas, chemical, and manufacturing sector is further boosting the demand of flame retardant apparels.
In spite of this, the high cost of the product is projected to restrain the market growth.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
