Global flame retardant sales reached nearly 192 million square meter 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. 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, notably stability in global oil prices and capital injection in infrastructure projects. The report opines that effective implementation of workplace safety guidelines in developing countries can open up new opportunities for manufacturers.
“Not protecting their employees with good-quality flame retardant apparels can cost employer organizations a fortune with the medical care and rehabilitation of injured employees. Apart from strict legal regulations, growing safety awareness among employees is driving the purchases of flame retardant apparels across several industries,” says Fact.MR’s report. “Flame retardant apparel market players are now focusing on improving comfort along with the safety of their products, and provide flame retardant apparels that can suit the end-users’ changing demands.”
Request Sample Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=2830
The Fact.MR study thoroughly analyzes growth parameters of global flame retardant apparel market to provide comprehensive and insightful information about the future prospects of the global flame retardant apparel market.
Oil & Gas and Power Generation Industries Create Promising Growth Opportunities
The Fact.MR study on flame retardant apparel market offers demand and supply analysis for flame retardant apparels across various end-user industries, such as mining, petrochemical, oil & gas, power, and automotive & transportation. According to the study, the oil & gas industry remains the largest consumer of flame retardant apparels.
The oil & gas industry is one of the high-risk industries that can pose serious harm to workers’ health and is prone to severe workplace accidents. Protective clothing, such as flame retardant apparels, have proven to be an effective safeguard against serious injuries and fatalities. The fatal accident rate (FAR) in the oil & gas industry decreased by approximate 36% in 2017 over 2016 as the number of fatalities decreased from 50 to 33 during the year, according to the reports filed by 45 oil & gas companies associated with the International Association of Oil & Gas Producers (IOGP) organization. The study opines that the effectiveness of protective clothing in improving worker safety will continue to drive sales in 2019 and beyond.
According to the Fact.MR study, demand for flame retardant apparels will be complemented by healthy adoption in the power industry. Evolving workplace safety regulation in power, electronics electrical, and automotive & transportation industries are also likely to influence growth.
Browse Full Report @ https://www.factmr.com/report/2830/flame-retardant-apparel-market
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 apparels in the region. The mandatory conformity to the Regulation (EU) 2016/425 adopted by the European Commission has been instrumental in boosting growth of the Europe 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 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.
The Fact.MR study provides comprehensive information about growth prospects of the fire resistant clothing market. The study predicts that the flame retardant apparel market will grow at an impressive 6.5% volume CAGR through 2027.
You can Buy This Report from Here @ https://www.factmr.com/checkout/2830/S
Table of Contents Covered in this report are:
1. Global Flame Retardant Apparel Market – Executive Summary
1.1. Global Flame Retardant Apparel Market Overview
1.2. Global Flame Retardant Apparel Market- Opportunity Assessment
1.3. Mega trends in the global Flame Retardant Apparel Market
2. Market Tendencies & Latest Buzz
2.1. Product Oriented Market Buzz
2.1.1. Rare in the Portfolio
2.1.2. Leverage advancements for appealing products
2.1.3. Country Variance in Preference
2.1.4. Transformed Product
2.2. Business Oriented Market Buzz
2.2.1. Anchoring Potential Market
2.2.2. Enhancement via technological encroachment
2.2.3. Efficiency Optimization
2.2.4. Channel Mix & Strategies
3. Risk & Opportunities
3.1.1. Strategic Market Risks
3.1.2. Operational Risks
3.1.3. Compliance Risks
3.1.4. Financial Risks
4. Global Flame Retardant Apparel Market Data- Introduction
4.1. Global Flame Retardant Apparel Market- Introduction
4.2. Global Flame Retardant Apparel Market Definition
4.3. Global Flame Retardant Apparel Market Breakdown
5. Global Flame Retardant Apparel Market Dynamics
5.1. Growth Drivers and Impact Analysis
5.2. Prominent Market Challenges and Impact Analysis
5.3. Value Chain Analysis
5.3.1. List of Raw Material Suppliers
5.3.2. List of Key Manufacturers
5.3.3. List of Key Distributors
6. Associated Industry Assessment
6.1. Global Flame Retardant and Resistant Fabric Market Analysis (US$ Mn), 2017
6.1.1. North America
6.1.2. Latin America
6.2. Global Flame Retardant and Resistant Fabric Trends and Opportunities
6.3. Global Flame Retardant & Resistant Fabric End Use Industries Outlook
6.3.1. Oil & Gas Industries
6.3.7. Electronics and Electrical
6.3.9. Others End use Industries