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.
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.
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.
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.
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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.
Top Players of Southeast Asia Flame Resistant Fabric For Apparel Market:
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.
Market Segmentation of Southeast Asia Flame Resistant Fabric For Apparel Market:
The Southeast Asia Flame Resistant Fabric For Apparel Market segmented on the basis of Application and Region.
By Application of
Chemical & Petrochemical
Oil & Gas
Manufacturing
Power Generation
By Region:
Singapore
Vietnam
Malaysia
Indonesia
Thailand
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