San Francisco, 13 November
2018: According to a report published by Grand View Research,
Inc.; the industrialprotective clothing market is expected to reach a valuation of
around 13.30 billion by 2022.
Rise in concerns about worker
safety due to increasing workplace hazards in several industrial segment such
as manufacturing, oil and gas, chemical, and food processing can propel the
market over the forecast period (2012 to 2022). Satisfactory regulatory
framework for minimizing occupational hazards across the world is also expected
to create positive outlook for the market.
Increasing number of blue
collar workers across many production centric industries is expected to support
the market growth in the coming years. As per OSHA, the global prevalence of
industrial protective clothing is anticipated to grow in industries such as
research laboratories, pharmaceutical, and healthcare. Increasing prominence of
raw materials with characteristics of light weight, wear and tear resistance,
and high heat resistance are anticipated to encourage companies to invest in
R&D. Increasing efforts to achieve multi-functionality of protective
clothing to increase their application scope is expected to impel the market in
the coming years. Furthermore, advancements in technologies along with chaining
consumer requirement for clothing that combines safety with fashion and
attractiveness is also expected to fuel the market growth during the forecast
period.
However, increasing costs of
raw materials such as silicates, carbon fiber, and aramid fiber may challenge
the market growth.
Worldwide protective clothing
market can be segmented on the basis of product, application, and region.
Based on product, the market
can be categorized into durable and disposable. The durable segment was the
leading segment and occupied share over 55% in 2014. This segment is likely to
exhibit rapid growth over the forecast period. However, the disposable segment
is expected to show significant growth on account of high cost of durable
products.
Access
Research Report of Industrial
Protective Clothing Market@ www.grandviewresearch.com/industry-analysis/industrial-protective-clothing-market
As per application, the market
can be classified into flame retardant apparels and chemical defending
garments.
In 2014, the chemical
defending garments segment was estimated for over 30% of the overall
market. The segment is expected to
expand with a CAGR of over 14% from 2015 to 2022. Growing implementation of
safety regulations about worker safety and growth in chemical sector is likely
to boost the segment growth during the forecast period.
The flame-retardant clothing
segment is projected to exhibit high growth of over 14% from 2015 to 2022 on
account of growing fatalities in chemical industry.
Geographically, the market can
be divided into North America, Europe, Asia Pacific, Central & South
America, and Middle East & Africa.
In terms of revenue, in 2014,
North America was the largest regional market and estimated for over 35% and is
likely to exceed a net worth of USD 13200 million by 2022. Growing industry
standards in the direction of the safety of workforce coupled with high demand
from manufacturing and automotive sectors is projected to drive the growth in
this region. Initiatives taken by several government agencies in this region
such as ASTM, National Fire Protection Association (NFPA), and OSHA are also
contributing towards the market growth. The U.S. is a major consumer of
technical fabrics along with several upcoming construction projects mainly in
sectors including infrastructure, power and water, and oil and gas. Guidelines
by OSHA is expected to support the growth in the U.S. for instance, in 2014,
OSHA revised the OSHA 1910.269 regulation which made it compulsory to wear
flame retardant apparel for people working near flames and electric arcs.
Browse more reports of this category by
Grand View Research at: www.grandviewresearch.com/industry/smart-textiles
Asia Pacific is projected to
grow at CAGR of over 15% during 2015 to 2022. This growth can be attributed to
robust industrialization in developing countries such as India, China,
Indonesia, and Thailand. Rise in infrastructure spending in China and India can
have positive impact on the market. growth in end-use industries including oil
and gas, mining, healthcare, aerospace, chemicals, and manufacturing in this
region along with strict safety regulations are anticipated to spur the market
growth.
Some the leading players
operating in the market include PBI Performance Products, Inc.; W.L. Gore &
Associates, Inc.; Lakeland Industries, Inc.; W.L. Gore & Associates, Inc.;
and Australian Defense Apparel.
Access
Press Release of Industrial Protective Clothing Market@ www.grandviewresearch.com/press-release/global-industrial-protective
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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