Global Flame Retardant Apparel Market 2017-2021
About Flame Retardant Apparel
Personal protective equipment (PPE) is anything worn or used by a person to reduce or minimize any kind of risk to the person's health or safety. PPE includes a wide range of clothing and safety equipment, such as boots, face masks, hard hats, ear plugs, respirators, gloves, harnesses, and high-visibility clothing. PPE finds applications in a number of industries, such as manufacturing, chemical, construction, oil and gas, food and beverage, and pharmaceuticals. PPE is used to reduce the health and safety risks not only at the workplace but also in sports and other recreational activities. The selection of PPE depends on the risks that the wearer is exposed to and the intensity and duration of exposure.
Technavio’s analysts forecast the global flame retardant apparel market to grow at a CAGR of 5.37% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global flame retardant apparel market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Flame Retardant Apparel Market 2017-2021
Technavio recognizes the following companies as the key players in the global flame retardant apparel market: 3M, Ansell, Honeywell international, and Kimberly-Clark.
Other Prominent Vendors in the market are: Bulwark, Carhartt, Cintas, Lakeland Industries, National Safety Apparel, and Williamson-Dickie Manufacturing.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is integration of e-commerce channels for sale of apparel. Procurement of PPE via e-commerce channels is another trend in the market. The B2B e-commerce market is still maturing and offering high opportunities for the growth. In the US, B2B e-commerce sales are expected to grow every year contributing a higher percentage to the overall B2B sales each year.”
According to the report, one driver in market is growth in construction industry. Flame retardant apparel is used by the workers employed in the construction industry to protect themselves against hazards such as fires, arc flashes, and electrical flashes. Thus, this FR apparel is designed for designated areas, with high exposure to heat and flames. The activities in the construction industry require workers to set up electrical circuits and welding of materials. These activities pose hazards to the workers. Thus, the workers are required to adhere to the regulations on protective workwear and wear apparel that protects them from accidents. There is an increasing demand for FR apparel from the construction industry, owing to the increase in residential and non-residential construction in countries such as the US, China, and India.
Further, the report states that one challenges in market is sluggishness in Chinese economy. The Chinese economy is experiencing a slowdown, which will have an adverse impact on the flame retardant apparel market. The annual GDP growth of China has been experiencing a decline in recent years. As per the World Bank, the annual GDP growth of China fell from about 7% in 2015 to 6.7% in 2016 due to the poor performance of the country's real estate sector and the huge manufacturing overcapacity of state-owned manufacturing firms. The real estate sector in the country was so slow leaving millions of apartments unsold, despite the 4% downswing in housing prices from 2013 to 2014. As the real estate sector contributes 30% of the country's GDP, its sluggishness has had adverse repercussions on China's economy. Also, as the real estate sector is an important end-user for the steel, cement, and furniture industries, the slump will also have an adverse impact on these industries.
3M, Ansell, Honeywell international, Kimberly-Clark, Bulwark, Carhartt, Cintas, Lakeland Industries, National Safety Apparel, and Williamson-Dickie Manufacturing.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook