The Southeast asia flame resistant fabric for apparel market is anticipated to reach USD 93.5 million by 2025,
according to a new report by Grand View Research, Inc. The growing safety
awareness regarding fire accidents and improving regulatory standards in the
region are expected to play a major role for FR apparel demand over the
forthcoming years.
Increasing demand from
end-use sectors such as chemical & petrochemical, construction,
manufacturing, and oil & gas is expected to remain a major factor for
market growth. Industry participants have been looking for new technological
solutions for high performance flame retardant fabric products for protection
against chemical, electrical, and other fire hazards.
Currently, Indonesia and
Singapore are major countries with the bulk of the regional projects for
enhancing their infrastructure development over the next few years. Other SE
Asian countries such as Vietnam and Malaysia have incorporated various measures
to enhance their power generation facilities for ensuring consistent energy
supply to the industrial and residential establishments.Fire resistant apparel
demand in Indonesia is anticipated to witness the fastest growth and is
expected to account for over 42% by 2025.
Access Research Report of Southeast Flame Resistant Fabric For
Apparel Market@ www.grandviewresearch.com/industry-analysis/southeast-asia-flame-resistant-fr-fabric-apparel-market
Further key findings from the report suggest:
· Manufacturing sector dominated the regional
demand in 2015 and is anticipated to account for over 35% of market revenue by
2025. Increasing transport equipment, fabricated metal products, machinery
& equipment from manufacturing sector especially from Singapore is anticipated
to drive the market growth over the forecast period.
· Chemical & petrochemicals estimated to
be the fastest application segment and account for 24% of the flame resistant
fabric for apparel market volume by 2025. The increasing petrochemical refinery
expansion projects particularly in Vietnam and Malaysia, are expected to play
as a key market driver over the long term.
· FR fabric demand for apparel in Malaysia is
expected to exceed 2.8 million units by 2025. This can be attributed to the
high demand for flame retardant clothing in sectors involved in handling
energized equipment and flammable chemicals.
· The power generationsegment is expected to
grow at a CAGR of 8% from 2016 to 2025.Growing concern towards electrical fire
incidents during handling energized equipment is anticipated to drive the FR
fabric demand in SE Asia.
· Key industry participants in the market
include DuPont, Huntsman, Kaneka Corp., Ansell, 3M Company, Honeywell, Teijin,
TOYOBO, Solvay, Royal TenCate NV, Arvind Ltd, Gunei Chemical Industry Co.,
Ltd., Lenzing, Klopman International and Honeywell.
Grand View Research has
segmented the Southeast Asia flame resistant fabric for apparelmarket on the
basis of application and region:
Application Outlook (Volume, Thousand Units, Thousand
Square Meters; Revenue, USD Thousand, 2014 - 2025)
·
Chemical & Petrochemical
·
Oil & Gas
·
Manufacturing
·
Power Generation
·
Others
Regional Outlook (Volume, Thousand Units, Thousand Square
Meters; Revenue, USD Thousand, 2014 - 2025)
·
Singapore
·
Vietnam
·
Malaysia
·
Indonesia
·
Thailand
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research
reports, customized research reports, and consulting services. To help
clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More Information: www.grandviewresearch.com
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