A recently compiled report of Fact.MR, titled “Global Flame Retardant Apparel Market: Forecast, Trend Analysis & Competition Tracking Global Review 2018 to 2027,” provides a comprehensive analysis on development of the flame retardant apparel market worldwide. Size of the flame retardant apparel market has been evaluated for the historical period (2013-2017) and forecast period (2018-2027), and has been delivered in terms of value (US$ million) and volume (Mn Mt Sq.). The report also offers a detailed analysis and forecast on key segments and the competitive landscape of the flame retardant apparel market.
The report by Fact.MR also offers historical data and forecast on the flame retardant apparel market. The latest report on flame retardant apparel market focuses on the factors impacting the growth and provides key insights on the market. The report also offers qualitative and quantitative analysis of the flame retardant apparel market.
Workers’ Safety Regulations on Personal Protective Equipment Drive Growth of the Flame Retardant Apparel Market
Use of personal protective equipment in high-risk industries that can pose serious harm to workers’ health is mandated by occupational safety organizations across the world. The Occupational Safety and Health Administration has developed regulations, such as 29 CFR1910.269, that mandate employers to provide flame retardant apparels or clothing to employees that are exposed to the hazards of flames or electric arcs in the work premises. Worker safety regulations are also being implemented strictly in developing countries, which has led to a spurt in flame retardant apparel sales in recent years. These macro trends are likely to influence flame retardant apparel market in the future.
Stringent Quality Standards and Certification Requirements for Flame Retardant Apparels Influence Pricing
Taking into consideration the importance of safety features of flame retardant apparels, governing bodies have developed high quality standards for personal protective equipment to ensure wearer safety. Manufacturers in the flame retardant apparel market need to comply with regulatory requirements before marketing and selling their products.
Manufacturers Introduce Flame Retardant Apparels to Suit Women’s Build
Gender diversity is becoming reality across various industries as women are foraying into industries such as oil & gas, chemical, and mining industry. Perpetually increasing percentage of woman employees in these industries has created new opportunities for protective clothing industry.
According to the United Nations Economic Commission for Europe (UNECE), female representation in top oil & gas companies is around 11%, and this number is likely to increase rapidly in the upcoming years. To gain a competitive edge in the market, flame retardant apparel manufacturers are focusing on enhancing functionality, without compromising on the aesthetics.
Favorable Macroeconomic Factors Induce Momentum in the Market
Flame retardant apparels are among the most important and most commonly used personal protective equipment across a wide range of industries. Flame retardant apparels find applications in a range of industries, including but not limited to, oil & gas, building & construction, electronics & electric power generation, automotive, and chemical industry. The broader developments in these industries has a significant impact on the fortunes of flame retardant apparel manufacturers.
Tier I and II Companies Hold over 80% Market Share
The flame retardant apparel market remains highl consolidated with tier I and tier II companies accounting for nearly 30-40% and 40-50% revenue share respectively. Large-scale and vertically integrated companies in the flame retardant apparel market continue to have a competitive edge owing to easy accessibility to raw materials. Furthermore, by diversifying their product range through increased investments in the R&D facilities, leading companies hold sway over the flame retardant apparel market.
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