Armchair, I’m in agreement with you on the importance of diversification into various markets to minimise the impact of cyclic or seasonal factors on revenues.
One of these new markets which I’m really keen to see kick off is workwear. I think that some might have underestimated the potential value of this market.
Industrial protective workwear is the largest product segment of the ~US$4bn global FR fabric market. It accounts for 51.3% of that market (2015 figures). What’s more, the second biggest segment of the FR fabric market is also in workwear – that’s in uniforms for law enforcement and firefighting services. Applications in transport applications come in third place.
Geographically, the leading market for flame resistant fabric is Europe, followed by Asia Pacific, with North America accounting for the third-largest share.
Hence, the prospect of Alexiflam FR in European workwear, especially if it comes with AlexiCool, rather excites me!
(Source: Transparency Markets)
Ann: Preliminary Final Report, page-64
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