Protective clothing Market Overview:
The global market of protective clothing is a lucrative market and is expected grow at an expanding CAGR during the forecast period. Protective gear is worn to protect oneself from the harmful effects of thermal, mechanical, chemical and other hazards. The implementation of strict safety regulations across the globe along with the growing work accidents are the major factors contributing to the growth of the market. Protective clothing is extensively used over wide range of industries such as oil and gas, mining, building & construction and medical among others. Moreover, prevalence of safety standards and TQM mainly in U.S. and Europe is expected to further add to the market growth. The global protective clothing market is segmented into material, application, and end-user. On the basis of the material, the market is segregated into aramid & blends, polyolefin & blends, polyamide, PBI, cotton fibers, laminated polyesters, and others. The PBI material segment was the leading segment in 2016 and is anticipated to show the same trend during the forecast years. The properties such as high thermal and chemical stability is substantially adding to the growth of the segment. On the basis of end use industry the building & construction is expected to be the dominant segment during the forecast period. The growing investment in public and private infrastructural development is the major factor surging the market growth.
According to the analysis of MRFR, the major market forces and trends driving growth of the global protective clothing additives market includes growth of construction sector and the stringent regulation relating to work safety. Moreover, the growing oil and gas industry has also augmented the use of protective clothing in the exploration and drilling activities.
Protective clothing Market- Competitive Landscape
The global Protective clothing additives Market is a highly lucrative market driven by flourishing growth of the construction industry, along with the augmenting demand from the oil & gas industry. 3M Company (U.S.), Ansell Limited (Australia), Asatex AG (Germany), Australian Defense Apparel (Australia) among others are some of the major players operating in this market. Most of these market participants are adopting the expansion, product launch, and merger and acquisition tactics to strengthen their production capacities and market position. Taking account of these trends the global Protective clothing additives Market is projected to witness considerable competition over the forecast period of 2017-2023. North America is expected to be the largest market whereas Asia Pacific is anticipated to be the fastest growing region during the forecast years. The developed end use industries in U.S. coupled with the increasing adoption rate is fuelling the demand for protective clothing in the region. Furthermore, the growing insurgency and terrorism in the region has resulted in the increase in the defense budget in turn positively affecting the protective clothing market.
Industry/ Innovation/ Related News:
28th June 2017- MSA Safety Incorporated announced the agreement of acquisition for a value of US$ 215 million. MSA acquired Global holding company LLC based in Pittsfield. Globe Holding company is the leading innovator and provider of firefighter protective gears, holding a revenue of over US$ 100 million. This acquisition is expected to strengthen their market position and move them to a leading position in the North American fire protective clothing market.
18th January 2016- Coats Group Plc, has made new innovation in the flame retardant and protective gear segment. The new product; Coats Flamepro, is flame and electric resistant material, which is targeted for various industries including fire- fighting, power and oil and gas industries. This product range also includes a fire retardant material which can also be used by the Formula 1 drivers.
MAJOR MANUFACTURERS ANALYSIS:
3M company (U.S.)
Ansell Limited (Australia)
Asatex AG (Germany)
Bennett Safetywear Ltd (U.K)
Bullwark Protective Apparel (U.S.)
Globe Manufacturing Co. LLC (U.S.)
Honeywell International Inc. (U.S.)
Kimberly Clark Corp. (U.S.)
GET SAMPLE REPORT COPY OF THIS RESEARCH @https://www.marketresearchfuture.com/sample_request/5425
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.
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa
The global Protective Clothing Industry market is segmented into the material, application, and end-user. On the basis of the material, the market is segregated into aramid & blends, polyolefin & blends, polyamide, PBI, cotton fibers, laminated polyesters, and others. The market by application is categorized into thermal, chemical, mechanical, visibility and others. The market by end use industry is further segregated into oil & gas, construction & manufacturing, healthcare/medical, mining, military, and others.
- Protective clothing market manufacturers
- Traders and Distributors of protective clothing market
- Production process industries
- Potential investors
- Raw material suppliers
- Nationalized laboratory
LlST OF TABLES:
Table 1 World Population By Major Regions (2017 To 2030)
Table 2 Global Protective Clothing Market: By Region, 2017-2023
Table 3 North America Protective Clothing Market: By Country, 2017-2023
Table 4 Europe Protective Clothing Market: By Country, 2017-2023
Table 5 Asia-Pacific Protective Clothing Market: By Country, 2017-2023
Table 6 Middle East & Africa Protective Clothing Market: By Country, 2017-2023
Table 7 Latin America Protective Clothing Market: By Country, 2017-2023
Full report on Protective Clothing Market report spread across 139 pages, profiling 12 companies and supported with tables and figures available @ https://www.marketresearchfuture.com/reports/protective-clothing-market-5425
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar