The Asia-Pacific region market is expected to lead the foam blowing agents market by garnering a significant revenue during the forecast period from 2019 to 2026, owing to the growing implementation of government policies for environment safety and rising foreign investments in foam blowing agents in Asian countries. Additionally, rising technological developments in foam blowing agents market is projected to lead the global market by garnering a significant revenue during and speedy growth in industrialization in the Southeast Asia are contributing hugely to the growth of the market INQUIRE HERE BEFORE PURCHASE AND GET FREE SAMPLE {What will the sample contain? The sample will give the stakeholder an outline of the report. It will give an overview/framework of the aspects of the market that have been covered in the content of the actual report. The report, unlike the sample, will bear numerical data and market insights associated with a price.} The North-Americ...
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What are the Factors Driving the Growth of the Global Flame-Retardant Protective Wear Market?
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In the recent years,the rise in global awareness of workplace safety and the application of government policies to ensure workplace safety are the major factors expected to surge the growth of the global flame-retardant protective wear market in the projected timeframe 2019-2026.Moreover, surge in demand from various industries like automotive, production and manufacturing industries is expected to propel the demand for flame-retardant protective wear in the upcoming years.
Flame-retardants are chemicals that are added to flammable materials to make them more resistant to ignition. Flame-retardant protective wear is used in personal protective equipment to defend against fire in the pharmaceutical and chemical sectors. Furthermore, flame-retardant protective clothing is utilized in the oil and gas and petrochemical industries for a variety of operations, including plugging inactive wells, petroleum extraction, petrochemical product storage, and oil and gas drilling. These aforementioned factors are predicted to drive the growth of the market in the forecast period.
The high cost of flame-retardant fabrics has been a major barrier for garment manufacturers and end-users, particularly in developed economies. The rising cost of textiles and raw materials, as well as the high cost of investment, has resulted in an increase in the price of flame-retardant protective wear goods. These aforementioned factors are predicted to hinder the growth of the global flame-retardant protective wear market in the upcoming years.
Key Players in the Market
Some of the leading players of the global flame-retardant protective wear market, such as DEVA F-M, Seyntex N.V., Lakeland Industries Inc., National Safety Apparel, Fristads, Bulwark FR, Marina Textil S.L., Portwest Ltd., Koninklijke Ten Cate N.V., Honeywell International Inc., and others are taking various business growth initiatives such as acquisitions and mergers, collaborations & partnerships, investments in R&D, and new product launches. These initiatives have helped these firms in obtaining a competitive-edge in the market in the recent period.
Market Forecast
As per a report by Research Dive, the global flame-retardant protective wear market held $2,890.1 million in 2018 and is anticipated to garner a revenue of $4,891.0 million and surge at a CAGR of 6.8% during the forecast period 2019-2026. The Europe market for flame-retardant protective wear accounted for the highest share in 2018 and is predicted to maintain its lead in the upcoming years.
About Us: Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
The Asia-Pacific region market is expected to lead the foam blowing agents market by garnering a significant revenue during the forecast period from 2019 to 2026, owing to the growing implementation of government policies for environment safety and rising foreign investments in foam blowing agents in Asian countries. Additionally, rising technological developments in foam blowing agents market is projected to lead the global market by garnering a significant revenue during and speedy growth in industrialization in the Southeast Asia are contributing hugely to the growth of the market INQUIRE HERE BEFORE PURCHASE AND GET FREE SAMPLE {What will the sample contain? The sample will give the stakeholder an outline of the report. It will give an overview/framework of the aspects of the market that have been covered in the content of the actual report. The report, unlike the sample, will bear numerical data and market insights associated with a price.} The North-Americ...
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