PUBLISHER: Allied Market Research | PRODUCT CODE: 1344428
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344428
According to a new report published by Allied Market Research, titled, "Flame Retardant Protective Wear Market," The flame retardant protective wear market was valued at $3.5 billion in 2022, and is estimated to reach $6.1 billion by 2032, growing at a CAGR of 5.8% from 2023 to 2032. Flame retardant protective wear refers to the garments such as coveralls, bomber-jackers, high-visibility jackets, and others that offers protection to the wearers from hazards such as shock or fire. Demand for flame retardant protective wear is majorly attributed to rising safety concerns among workers and increasing regulations laid down by Occupational Safety and Health Administration (OSHA). According to OSHA, the workers working in the electrical, manufacturing, and oil & gas sector must use flame retardant protective wear to ensure their safety.
In order to avoid avoidable deaths or the dangers of flames, the demand for personal protective clothing is likely to increase. The market for flame retardant protective wear is developing as more consumers and businesses become aware of the benefits of wearing flame-resistant clothing when performing industrial tasks. Market players are investing in R&D to improve the quality of their products as demand for cozy, light, and more heat-resistant materials rises. The demand for flame retardant clothing is anticipated to rise during the forecast period due to the rising trend towards long-lasting, multipurpose clothing with high mechanical and chemical resistance.
The increasing acceptance of less expensive alternatives, such as personal protective equipment and accessories, in the industrial sector, is predicted to act as a barrier to the market expansion for flame retardant protective wear. The rise in the price of the raw materials used to manufacture flame retardant clothing is a significant factor encouraging end users to select more affordable alternatives. The growth of the flame retardant protective wear is predicted to be hampered due to the availability of reasonably priced alternatives.
The market is expected to grow in the future due to rising demand for fire-resistant fabrics in residential and commercial furnishings, strict industrial fabric standards, and rising demand from the mining industry. The demand for flame retardant clothing has increased due to numerous ongoing R&D initiatives related to drug development, vaccine creation, and pharmaceuticals. The laboratory staff is shielded from the intensified effects of the burning flame by flame-resistant clothing. Increase in demand from the industrial sector, where workers' safety is highly valued is another factor driving the market expansion. Therefore, the market growth is accelerated by an increase in demand for flame retardant clothing from the pharmaceutical and industrial sectors.
The COVID-19 pandemic had a negative effect on the flame retardant protective wear market. As of the pandemic situation, several nations went into lockdown to stop the virus from spreading. The entire supply and demand chain was disturbed, which had a negative impact on the market growth. The COVID-19 outbreak is anticipated to have a number of immediate and long-term effects on a number of industries, including transportation, mining, and other industrial manufacturing sectors. All of these effects could have an impact on the market for flame retardant protective wear market growth in the post-pandemic period as well.
The key players profiled in this report include: ANSELL LTD, 3M, VF CORPORATION , Honeywell International Inc., Lakeland Inc, Kimberly Clark Corp, DuPont, SOLVAY International Enviroguard, and W. L. Gore & Associates Inc.