PROTECTIVE CLOTHING MARKET 2018 Industry Size, Share, Growth, Trends, Forecast 2023
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Protective Clothing MARKET 2018 Protective Clothing Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 The global protective clothing is a lucrative market and is expected to grow at a considerable CAGR. Protective clothing is worn to shield oneself from the adverse effects of chemicals, thermal, mechanical and other hazards. The growing implementations of strict safety regulations throughout the glove coupled with the increasing workplace hazards are expected to drive the market during the forecast period. Moreover, practices such as total quality management (TQM) and safety standards mainly in U.S. and Europe are expected to further surge the growth of the market. The launch of new fibers coupled with the combination of attractiveness and safety in protective clothing market is anticipated to be a major opportunity for market growth. Protective clothing is extensively used in various ends use industries such as oil and gas, mining, building and construction, healthcare, firefighting, and military and defense among others. However, the high cost of raw materials coupled with the growing threat of substitution is anticipated to a major downside to the growth of the market. Among the various material segments in the protective clothing market, the PBI (Polybenzimidazole) material is anticipated to be the largest segment and is expected to continue its dominance over the forecast period. The advantages of PBI such as high chemical and thermal stability is the major factor driving the growth of the segment. Polybenzimidazole is often blended with aramid to enhance its fire protection efficiency. Among the end-use industries, building and construction is the dominant segment, and healthcare & medical is expected to be the fastest growing segment. The growing construction activities throughout the globe is the major factor driving the growth of this segment. On the basis of the application, the thermal segment is expected to be the largest segment during the forecast years. Thermal protective coatings are used in various industries such as metal, welding, ceramics, and other manufacturing industries.
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Protective Clothing MARKET 2018
Targeted Audience • Protective clothing market manufacturers • Traders and Distributors of protective clothing market • Production process industries • Potential investors • Raw material suppliers • Nationalized laboratory
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Protective Clothing MARKET 2018 Regional Analysis The protective clothing market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the market and is expected to be the fastest growing region with an encouraging CAGR. Growing urbanization and the globalization in the developing nations are primarily driving the growth of the protective clothing market. Moreover, the burgeoning construction and the oil and gas industry in countries, such as India and China, is increasing the demand for protective clothing which, in turn, is propelling the market growth. According to the Indian Brand Equity Foundation, the Indian infrastructure witnessed 33 deals in 2016-2017 involving USD 3.49 billion with an increase of 0.5 billion from the previous year. In addition to this, the demand from the oil and gas industry mainly in China, India, another factor positively affecting the market growth. The growing population has augmented the demand for energy in the region which resulted in the surge in oil and gas activities, hence increasing demand for protective clothing in the region North America is another dominant region in the global market, exhibiting an expanding CAGR. The presence strict government regulation relating to the safe working environment is driving the market growth. Furthermore, the newly elected government has brought about the new wave of investments in the construction and renovation of the infrastructure mainly in the U.S. and Canada which is further expected to boost the market growth. Moreover, the high adoption rate coupled with the developed end-use industries such as healthcare and firefighting among others are expected to substantially add to the growth of the market.
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Protective Clothing MARKET 2018 Application & Major Players in this Research: Protective Clothing Market Prominent Players:
3M Company (U.S.) Ansell Limited (Australia) Asatex AG (Germany) Honeywell International Inc. (U.S.) Kimberly Clark Corp. (U.S.)
Bennett Safetywear Ltd (U.K)
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