NEW YORK, Feb. 7, 2023 /PRNewswire/ -- According to Technavio, the global flame retardant apparel market size is estimated to grow by USD 1,001.04 million from 2022 to 2027. The market is estimated to grow at a CAGR of 4.9% during the forecast period. Moreover, the growth momentum will accelerate. APAC will account for 33% of the market's growth during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on the market, request a sample report

Flame retardant apparel market - Five forces
The global flame retardant apparel market is fragmented, and the five forces analysis covers–

• Bargaining power of buyers

• The threat of new entrants

• Threat of rivalry

• Bargaining power of suppliers

• Threat of substitutes

• For an interpretation of Porter's five forces model – buy the report!

Flame retardant apparel market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Flame retardant apparel market - Segmentation assessment

Segment overview
Technavio has segmented the market based on end-user (industries, firefighting and law enforcement, and others) and distribution channel (online and offline).

• The industry segment will account for a significant share of the market's growth during the forecast period. The oil and gas industry is a key end-user of flame retardant apparel. Fire incidents in mines are caused by electrical short circuits, flame cutting and welding, conveyor belt friction, frictional ignitions, and the spontaneous combustion of flammable gases. In addition, manufacturers are expected to abide by the guidelines and norms enforced by government agencies to prevent occupational hazards. These factors will fuel the growth of the segment during the forecast period.

Geography overview
Based on geography, the global flame retardant apparel market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global flame retardant apparel market.

• APAC is estimated to account for 33% of the growth of the global market during the forecast period. North America also offers significant growth opportunities to vendors. The growth of the market in this region is attributed to factors such as the growing focus on fire safety and the implementation of stringent safety regulations in the US and Canada. Industries are also focusing on improving product quality, safety, and productivity. These factors are expected to drive the growth of the regional market during the forecast period.

Download a sample report

Flame retardant apparel market – Market dynamics
Key factor driving market growth

• The increase in fire mishaps is driving the market growth.

• Some of the main causes of fire include negligence, use of hazardous chemicals, electrical or equipment malfunction, or natural disasters.

• The increase in the number of fire accidents across the world has led to a rise in the demand for flame retardant apparel.

• Flame retardant apparel is mainly used by end-users such as defense, firefighters, and law enforcement agencies

• These factors will fuel the growth of the market during the forecast period.

Leading trends influencing the market 

• The increasing demand from emerging economies is a key trend in the market.

• There are many opportunities from various end-user application segments, such as industrial protective and mining clothing, transport, defense, and firefighting services, in developing countries.

• Flame retardant apparel is used as a protective measure by workers and firefighters in emerging economies such as China and India.

• Many new production projects are expected to start during the forecast period to fulfill the growing demand for fire-resistant fabric.

• These factors will support the growth of the market during the forecast period.

Major challenges hindering market growth

• Low consumer compliance is challenging the market growth.

• Garments made from fire-resistant fabrics are made from thermally stable fibers, which makes them stiff and rigid and hinders the movement of workers, leading to consumer compliance issues.

• Factors such as non-compliance, availability, training, and maintenance also indirectly impact consumer compliance.

• Moreover, there is a lack of awareness in emerging economies such as India and China.

• These factors will hinder the growth of the market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this flame retardant apparel market report?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the flame retardant apparel market between 2023 and 2027

• Precise estimation of the size of the flame retardant apparel market and its contribution to the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the flame retardant apparel market across North America, APAC, Europe, South America, and Middle East and Africa

• A thorough analysis of the market's competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of flame retardant apparel market vendors

Gain instant access to 17,000+ market research reports. 

Technavio's SUBSCRIPTION platform

Related Reports:

The predicted growth for the safety apparel market size from 2021 to 2026 is USD 9.80 billion at a decelerating CAGR of 11.3%. This report extensively covers market segmentation by application (chemical defending, flame retardant, mechanical, high visibility, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa).

The custom apparel market is estimated to grow at a CAGR of 7.22% between 2022 and 2027. The size of the market is forecasted to increase by USD 1,790.48 million. This report extensively covers market segmentation by end-user (women, men, and children), distribution channel (offline and online), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

Browse for Technavio's consumer discretionary market reports

Table of contents

1 Executive Summary

• 1.1 Market overview

2 Market Landscape

• 2.1 Market ecosystem

3 Market Sizing

• 3.1 Market definition

• 3.2 Market segment analysis

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

• 4.1 Global flame retardant apparel market 2017 - 2021

• 4.2 End-user Segment Analysis 2017 - 2021

• 4.3 Distribution channel Segment Analysis 2017 - 2021

• 4.4 Geography Segment Analysis 2017 - 2021

• 4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

• 5.1 Five forces summary

• 5.2 Bargaining power of buyers

• 5.3 Bargaining power of suppliers

• 5.4 Threat of new entrants

• 5.5 Threat of substitutes

• 5.6 Threat of rivalry

• 5.7 Market condition

6 Market Segmentation by End-user

• 6.1 Market segments

• 6.2 Comparison by End-user

• 6.3 Industries - Market size and forecast 2022-2027

• 6.4 Firefighting and law enforcement - Market size and forecast 2022-2027

• 6.5 Others - Market size and forecast 2022-2027

• 6.6 Market opportunity by End-user

7 Market Segmentation by Distribution Channel

• 7.1 Market segments

• 7.2 Comparison by Distribution Channel

• 7.3 Online - Market size and forecast 2022-2027

• 7.4 Offline - Market size and forecast 2022-2027

• 7.5 Market opportunity by Distribution Channel

8 Customer Landscape

• 8.1 Customer landscape overview

9 Geographic Landscape

• 9.1 Geographic segmentation

• 9.2 Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027

• 9.4 APAC - Market size and forecast 2022-2027

• 9.5 Europe - Market size and forecast 2022-2027

• 9.6 South America - Market size and forecast 2022-2027

• 9.7 Middle East and Africa - Market size and forecast 2022-2027

• 9.8 US - Market size and forecast 2022-2027

• 9.9 China - Market size and forecast 2022-2027

• 9.10 UK - Market size and forecast 2022-2027

• 9.11 Germany - Market size and forecast 2022-2027

• 9.12 Saudi Arabia - Market size and forecast 2022-2027

• 9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape

• 11.3 Landscape disruption

• 11.4 Industry risks

12 Vendor Analysis

• 12.1 Vendors covered

• 12.2 Market positioning of vendors

• 12.3 3M Co.

• 12.4 Ansell Ltd.

• 12.5 Arco Ltd.

• 12.6 Carhartt Inc.

• 12.7 Cintas Corp.

• 12.8 Frham Safety Products Inc.

• 12.9 Honeywell International Inc.

• 12.10 Hultafors Group AB

• 12.11 Kimberly Clark Corp.

• 12.12 Lakeland Industries Inc.

• 12.13 National Safety Apparel Inc.

• 12.14 Portwest Clothing Ltd.

• 12.15 Scandia Gear Europe BV

• 12.16 Seyntex NV

• 12.17 VF Corp.

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist

• 13.3 Currency conversion rates for US$

• 13.4 Research methodology

• 13.5 List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/ 

View original content to download multimedia:https://www.prnewswire.com/news-releases/flame-retardant-apparel-market-2023-2027-a-descriptive-analysis-of-five-forces-model-market-dynamics-and-segmentation---technavio-301739195.html

SOURCE Technavio