Global Flame Retardant Polyester Fiber Market Set to Reach USD 635.7 Million by 2031, With a Sustainable CAGR Of 2.20%| Growth Market Reports
PUNE, India, Feb. 8, 2023 /PRNewswire/ -- According to a recent market study published by Growth Market Reports, titled, "Flame Retardant Polyester Fiber Market by Type (Inherent FRP Fiber and Treated FRP Fiber), End-Use Industry (Electronics, Building & Construction, Automotive, Textile/Clothing, and Others), and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031", the market size was USD 522.6 million in 2022 and is expected to reach USD 635.7 million expanding at a CAGR of 2.20% by the end of 2031. The market growth is attributed to the increasing usage of flame-retardant polyester fiber foin clothing, electronics, and other industries that can drive the global market in the coming years.
Key Market Players Profiled in the Report
- Unifi, Inc
- Nan Ya Plastics Corporation
- TOYOBO CO., LTD.
- RadiciGroup
- TWD Fibers GmbH
- Huvis Corp
- Trevira GmbH
- Recron
- Anglés Textil S.A.
- VNPOLYFIBER
- Sinterama S.p.A
- CARL WEISKE GmbH & Co. KG
- MÄRKISCHE FASER GMBH
- Sarex
- De Saedeleir Textile Group
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The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments, including type, end-use industry, and competitor analysis.
This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.
Highlights on the segments of the Flame Retardant Polyester Fiber Market
In terms of type, the flame retardant polyester fiber market is segmented into inherent FRP fiber and treated FRP fiber. The inherent FRP fiber segment dominated the market in 2022 as inherent fiber-reinforced properties never wash out or wear away, resulting in a garment that guarantees ongoing protection and a long lifespan for reduced cost-in-use.
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On the basis of the end-use industry, the flame retardant polyester fiber market is segmented into electronics, building & construction, automotive, textile/clothing, and others. The textile/clothing segment is expected to hold a substantial share of the market during the forecast, as the fabric produced from the flame-retardant polyester fiber is used to manufacture jackets, coats, and trousers that are employed in a hazardous environment.
Based on region, the global market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in North America is growing at a rapid pace during the forecast. The government's initiative to protect workers and create a safe working environment to reduce the risk of accidents is expected to boost the market in the region.
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Key Takeaways from the Study:
- Flame-retardant polyester fiber is made with fire-retardant polyester fibers. It is utilized in a variety of end-use industries, including electronics, buildings, the automotive industry, and others.
- Some of the developed countries have stringent regulations for workplace safety and using this fiber for worker uniforms can create new opportunities for the global market during the forecast period.
- The demand for flame-retardant polyester fiber is rapidly growing for various applications across different industries can drive market growth.
- Workers and operators need multi-purpose protective apparel and the demand for flame retardant clothing in various industries is increasing due to technological innovations such as increased flexibility, lightweight, and the use of cooling technologies such as phase change materials (PCM) in protective suits, which is expected to boost the market during the forecast period.
- The market in North America is growing at a rapid pace as the government's initiative to protect workers and create a safe working environment to reduce the risk of accidents is expected to boost the market in the region.
Read 223 Pages Research Report with Detailed TOC on "Flame Retardant Polyester Fiber Market by Type (Inherent FRP Fiber and Treated FRP Fiber), End-Use Industry (Electronics, Building & Construction, Automotive, Textile/Clothing, and Others), and Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast, 2023 – 2031"
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Key Segments Covered
Type
- Inherent FRP Fiber
- Treated FRP Fiber
End-Use Industry
- Electronics
- Building & Construction
- Automotive
- Textile/Clothing
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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