The global market for Fire Resistant
Fabrics is projected to reach US$5.4 billion by 2025, driven by the ever-present
threat of fire accidents despite stringent fire safety regulations in workplaces and factory floors. Growing awareness
over the importance of fire prevention plans is resulting in voluntary adoption
of fire safety measures by companies. Rising costs of non-compliance to worker safety
regulations in the form of hefty penalties and expensive legal services and
guidance is also encouraging investments in personal protective equipment (PPE). The most important motivation for
investing in fire resistant clothing is the significant economic and financial
losses caused by fires to not just property and assets but most importantly the
unquantifiable social cost of loss of life and injuries. Human loss and
suffering is immeasurable. Fire-related fatalities and injuries
continue to remain high especially in high risk hazardous work environments like
oil and gas; chemical plants; process plants; metalworking job shops; among
others. Demand for fire safety wear is therefore growing as flame-retardant
(FR) and flame-Resistant (FR) clothing are the first line of personnel
protection against fire. Fire resistant fabrics, defined as fabrics naturally resistant
to flames and embers with the ability to naturally self-extinguish, are therefore
witnessing increased R&D interest. Fire retardant fabrics, on the other
hand, are chemically treated to resist fire. Read More…
The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022
Rise of Surfing as a Lifestyle Sport Among all Age Groups Drives the Global Surfing Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Surfing market. The global market for Surfing is projected to reach US$9.5 billion by 2022 , driven by the growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear. Surfing is a surface water sport where a participant riding a board (the surfboard) is carried away by a breaking wave. The surfing industry continues to evolve, driven by sustained efforts of s...
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