Flame Retardant Polyester Fiber Market Is Driven By Increasing Adoption Of Fire-Resistant Fabric In Oil & Gas Industry Across The Globedate_range
An ongoing trend observed in the market is increasing use of flame retardant polyester fiber as a fire-resistant fabric in oil & gas industry owing to increasing safety concerns of workers. Flame retardant polyester fiber is used to produce fire-retardant fabric. Flame retardant polyester fiber is inherently flame resistant and is used in various end-use industries such as electronics, construction, automotive and others. The fire-retardant fabric is a textile which possesses fire resistance properties as it is chemically treated or manufactured with fireproof fibers. The polyester staple fiber is kind of fiber made from purified terephthalic acid & monoethylene glycol or Polyethylene terephthalate (PET) chips or from recycled PET bottle flakes.
Rapid growth in industrialization, coupled with growing automotive, construction, and other industries are factors augmenting demand for flame retardant polyester fiber. This fiber is widely used in various industries such as oil & gas, electronics, automotive, construction, and others in order to prevent fire. Increasing use of protective clothing for workers in various industries owing to government standards and regulations, rapid urbanization, coupled with high spending capacity, and increasing government investments for oil & gas and construction industries in various countries have a positive impact on the global market.
Stringent statutes and regulations by government authorities in order to reduce carbon footprints and safety measures associated with toxic compounds while ignition is a factor challenging growth of the global market. Development of innovative flame retardants in polymeric materials for various sectors such as electronics, automotive, and others is a factor creating lucrative opportunity for companies operating in the global market.
Flame retardant polyester fiber is of two types i.e., inherent FRP staple fiber and treated FRP staple fiber. The inherent FRP staple fiber is used for various applications owing to its durability and resistance to chemical attack. Treated FRP staple fiber is widely used due to its surface static properties. Flame retardant polyester fiber is used in various applications such as clothing, home textiles, and public utility. Fire resistant clothing is designed to avoid thermal exposures and intermittent flame as it self-extinguishes and provides wearer to escape in time along with less burn injury. This clothing helps the employee comfort and safety and increases chances to survive at critical conditions such as flash fire, electric arc, and other thermal exposure.
The market is segmented on the basis of geography such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Increasing demand for product in various construction activities, increasing investments by government in various industries, and high disposable income in the Asia Pacific region are factors driving demand for plasticizers and resins which in turn increase demand for flame retardant polyester fiber. Increasing industrialization, coupled with growing automotive and construction industries has a positive impact on the flame retardant polyester fiber market in Europe. The demand for this fiber increases in various industries such as construction, transportation, increasing oil & gas activities, etc. is a factor augmenting demand for flame retardant polyester fiber in North America.
Some of the prominent players operating in the target market include Trevira, Reliance, Huvis, and Teijin.