Flame Resistant and Retardant Fabric Market: Growing Offshore Oil & Gas Investments to Boost Demand

A new Fact.MR report envisages the global flame resistant and retardant fabric market to expand at an impressive 7.3% CAGR through the forecast period, 2017 to 2026. Approximately 680 Mn Sq. Meter of flame resistant and retardant fabric are estimated to be sold worldwide by 2026-end. PBI Performance Products, Inc., Koninklijke Ten Cate NV (TenCate), Gunei Chemical Industry Co., Ltd., and other prominent players have been profiled and studied in the report.

According to Fact.MR’s recently compiled report, the flame resistant and retardant fabric market will register a splendid 6.9% volume CAGR during the forecast period (2017-2026). Approximately US$ 7,300 Mn worth of flame resistant and retardant fabric are foreseen to be sold across the globe by 2026-end.

Development of novel products is a key trend observed in the global flame resistant and retardant fabric market. For example, in 2017, researchers from the Nanyang Technological University, located at Singapore, have developed a water-based solution for flame-retardant coating for cotton fabrics by using a phospho-nitrogen combination. This one-step spray-on procedure is employed for coating the fabrics by capitalizing on the spontaneous reactions between tetrakis (hydroxymethyl) phosphonium chloride (THPC) and para-phenylenediamine (PDA).

Request Free Sample Report Here:

https://www.factmr.com/connectus/sample?flag=S&rep_id=682

Robust demand for these fabric for application in the production of protective clothing for fire fighters, naval & armed forces, and miners, is a key growth determinant for the market. For example - anti-flash gloves and hoods derived from Kevlar are currently being used by Royal New Zealand Navy (RNZN), and a flame retardant jute-based fabric has been developed by the IJIRA – Indian Jute Industries Research Association, for use as brattice clothing by coal miners.

Market Players Entering into Collaboration & Partnerships for Offering Highly-Durable Fabrics

Key players operating in the flame resistant and retardant fabric market have been profiled by the report, which include Koninklijke Ten Cate NV (TenCate), PBI Performance Products, Inc., and Kaneka Corporation amongst others. Leading market players are entering into partnerships and collaborations for offering high-quality products and extend their market reach worldwide.

In 2017, CORDURA® brand of INVISTA, collaborated with the European specialist in workwear, military, & industrial protective fabrics, Carrington, for developing and providing flame retardant fabrics engineered with the CORDURA® NYCO technology for enhancing its durability. INVISTA eyed this collaboration as a strategic step toward expanding its fabric portfolio, and for delivering performance-driven, comfortable, and highly-durable textiles by meeting standards apropos protective clothing.

Key Research Findings from the Report

  • Oil & gas industries are envisaged to remain leading end-users of flame resistant and retardant fabric, in term of value. Relatively high demand in oil & gas industries can be primarily attributed to gradual rise in investments in offshore oil & gas exploration activities worldwide.
  • Based on thickness, 0.080-0.102 inches thick flame resistant and retardant fabric will remain sought-after among end-use industries in the market.
  • 12 to 17 oz. per sq. yard flame resistant and retardant fabric will account for the bulk revenue share of the market during 2017 to 2026.

Growing Offshore Oil & Gas Investments to Boost Demand for Flame Resistant & Retardant Fabrics

Post-high uncertainty in oil & gas industry over the past few years, which was influenced by a plethora of factors including the advent of shale oil production, oil cost-cutting measures, and falling oil prices, offshore production has experience a downward trend. However, with stabilizing oil prices the offshore oil & gas exploration industry’s outlook for the future seems promising, with several large projects impending to be deployed such as Bonga Southwest, ACG and Mad Dog Phase 2.

Europe will continue to spearhead the global flame resistant & retardant fabric market, with the bulk revenue as well as volume shares during 2017 to 2026. Robust demand for manufacturing a wide range of products that are employed in the region’s high-growth and well-established transportation industry is a key factor propelling the market growth in Europe. Countries such as Germany and Italy will lead the flame resistant and retardant market in Europe in light of high demand from the end-use industries such as automotive.

Have Any Query?? Ask Our Industry Expert:

https://www.factmr.com/connectus/sample?flag=AE&rep_id=682

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us

Fact.MR

11140 Rockville Pike

Suite 400

Rockville, MD 20852

United States

sales@factmr.com

www.factmr.com

Read Full PR Here:

https://www.factmr.com/media-release/468/flame-resistant-and-retardant-fabric-market