According to a recent market study published by Growth Market Reports, titled, “Global Flame Retardant Polyester Fiber Market by Type, by End-use industry, by Region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at US$ 513.92 Million in 2021 and is expected to grow at a moderate growth rate of 1.7% by the year 2030. Stringent regulations for workplace safety in developed nations and rising demand for Flame Retardant Polyester Fiber in various industries are expected to fuel the market over the forecast period.

Flame Retardant Polyester Fiber is a type of functional fiber specifically created to address the flammability issue of an ordinary one. It is frequently used in fillers, non-woven fabrics, home furnishings, and clothing. Flame Retardant Polyester Fiber fabric has several characteristics including quick dyeing rate, stable, and long-lasting flame retardant efficacy, and uniform dyeing. Flame Retardant Polyester Fiber fabric has superior performance and helps prevent the spreading of flames, and has high melt resistance, is durable, emits less smoke, meets the requirement in commonly used old and new clothing, is employed in military canvas tents, decorative materials, workwear, and automobile interiors, among others.

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Key factors that are anticipated to fuel the demand for the global Flame Retardant Polyester Fiber market during the forecast period are stringent regulations for workplace safety in developed nations and rising demand for Flame Retardant Polyester Fiber in various industries. Conversely, high production costs and significant investments in R&D activities may hamper the market growth of the Flame Retardant Polyester Fiber market. Technical advancement in product design creates opportunities in the market.

Supply chain management is an essential part of any business. A supply chain contains a series of steps to get products from their original state to the customers. Raw materials used for manufacturing Flame Retardant Polyester Fiber are shipped to manufacturers to be processed into final products. Quality checks are performed throughout the production process by manufacturers to ensure the quality of the product.

The primary, as well as secondary research methodology, is used for keen observation and study about Flame Retardant Polyester Fiber market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

Manufacturers of Flame Retardant Polyester Fiber were affected during the pandemic, due to the restrictions and closure of global industries. Import and export facilities were affected due to transport restrictions. The pandemic led to disruptions in supply chain, exports, large-scale manufacturing, transportation, and closing of manufacturing plants. This, in turn, hampered the Flame Retardant Polyester Fiber market.

COVID-19 impeded the supply side, due to travel and transport restrictions imposed by countries such as China and the US. Suppliers faced difficulties in the export and import of raw materials. Demand for Flame Retardant Polyester Fiber decreased during the pandemic, due to the closure of manufacturing units during the lockdown. This, in turn, impeded the market. Furthermore, governments imposed various restrictions on trade and commerce, which hampered various sectors. Governments of various countries imposed lockdowns, which impeded the Flame Retardant Polyester Fiber market.

Key Takeaways from the Study:

  • In terms of type, the inherent FRP fiber segment accounted for a considerable share of the market in 2021.
  • Based on end-use industry, the textile/clothing industry segment accounted for a substantial share of the market in 2021 and is expected to expand at a substantial CAGR during the forecast period.

Report Scope:

Report Metric

Details

Market Value in 2021

US$ 513.92 Million

Market Growth Rate (from 2015 to 2030)

1.7%

Historical Data

2015-2020

Base Year

2021

Forecast Period

2022 – 2030

Units Considered

Value (US$ Million)

Market Segments

By type, by end-use industry

Key Companies Profiled

Unifi, Inc, Nan Ya Plastics Corporation, TOYOBO CO., LTD., RadiciGroup, TWD Fibers GmbH, Huvis Corp, Trevira GmbH, Recron, Anglés Textil S.A., VNPOLYFIBER, Sinterama S.p.A, CARL WEISKE GmbH & Co. KG, MÄRKISCHE FASER GMBH, Sarex, and De Saedeleir Textile Group.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Flame Retardant Polyester Fiber Manufacturers, Government Agencies, Consulting Firms, Private Research and Development Firms, Equity Firms, and Investment Firms.