According to a market report by Lucintel, the future of the flame retardant based textile chemical market looks promising with opportunities in the apparel, home textile, and technical textile markets. The global flame retardant based textile chemical market is expected to reach an estimated $0.8 billion by 2028 with a CAGR of 5% from 2023 to 2028. The major drivers for this market are rising concerns towards enhancing the safety of textile, especially in application where they are prone to fire hazards and increasing government fire safety regulations that needs compulsory compliance by retardant manufacturers.
In this market, natural fiber and synthetic fiber are the two major segments of flame retardant based textile chemical market by fiber type. Lucintel forecast that natural fiber will remain the larger segment over the forecast period as these are environmentally-friendly, which is widely used in yarn and fabric forms in the textile sector.
Within this market, apparel is expected to remain the largest segment due to the high demand for flame retardant clothing in manufacturing industries where workers are exposed to fire hazards.
APAC will remain the largest region due to rapid industrialization and urbanization, mainly in developing countries, such as Thailand, Malaysia, Singapore, and India, has increased the demand for the flame retardant based textile chemicals in the region.
Dow, BASF SE, Wacker Chemie AG, Huntsman Corporation, and Solvay are the major suppliers in the global flame retardant based textile chemical market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global flame retardant based textile chemical market by fiber type, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Flame Retardant based Textile Chemical Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global flame retardant based textile chemical market by fiber type, application, and region, as follows:
Flame Retardant based Textile Chemical Market by Fiber Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Natural Fiber
Synthetic Fiber
Flame Retardant based Textile Chemical Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Apparel
Home Textile
Technical Textile
Others
Flame Retardant based Textile Chemical Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the flame retardant based textile chemical market by fiber type (natural fiber and synthetic fiber), application (apparel, home textile, technical textile, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?