Mounting level of investments in have led to the development of the protective fabric market.
The core product portfolio for protective fabrics is developing significantly due to increasing demand from end user sectors. Construction and defense sectors have been identified as the dominant end user industry for the protective fabric market. The benefits of the fabric such as its light weightedness, fire resistance and ability to repel threats from a range of external elements has increased the market portion of the industry significantly. Renewed focus on ensuring personnel safety is expected fuel steady growth of the industry through the forecast period.
Challengers in the market who are constantly delivering customer value have devised their corporate strategy blueprint in a manner that can bring about the best outcomes for development in the current scenario, while also concurrently enhancing their product’s value. The capability to fuel their competitive edge is one of the chief causes powering their efforts in this period. The opportunity for development in the industry appears to be encouraging through the forecast period. The escalating interest for diversification in the industry, has indirectly allowed the companies to utilize many scenarios available in the industry. This situation has created prospects for portfolio improvements along with diversification in the sector, which has enhanced the scenario for market competitors immensely in this industry. The firms in this industry are also trying to improve and preserve financial liquidity that can be vital to invest in growth prospects as and when they arise.
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The global protective fabrics market includes competitors which are DuPont (U.S.), Glen Raven, Inc. (U.S.), Koninklijke Ten Cate NV (Netherland), 3M Company (U.S.), Strike SL (Spain), Teijin Limited (Japan), Lakeland Industries, Inc. (U.S.), W. L. Gore & Associates, Inc. (U.S.), and Klopman International. (Italy) to name a few of the players shaping the industry.
The global market for protective fabrics is segmented into type, material, and end-user. The segment based on material comprises of polyamide, PBI, aramid, polyesters, polyolefin, cotton fibers, and others. The market segment by type is segmented into chemical resistant fabrics, UV resistant fabrics fire & heat resistant fabrics and others. Lastly, the end use industry segment of the protective fabrics market comprises of law enforcement and military, building & construction, healthcare/medical, oil & gas and others.
April 2018 A defense specialist at Porcher Industries has planned to run the London Marathon in a T-shirt and socks that are made from the company’s recently developed next generation lightweight blast resistant fabric. As a response to the long term requests and demand of soldier’s agencies comprising of the USA DoD PEO and the UK MoD DSTL, the innovative para-aramid based fabric by Porcher Industries’ Aerospace and Defense Business Unit has been made to provide soldiers with an additional level of protection against improvised explosive devices (IEDs) in garments worn touching the skin.
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The regional analysis of protective fabrics industry comprise of five regions such as Latin America, Asia Pacific, Europe, North America, and the Middle East & Africa. The Asia Pacific region controls a significant share of the industry and is estimated to be the most rapidly growing region with a promising CAGR. The growing rate of urbanization and globalization of the developing nations are chiefly driving the development of the protective fabrics industry. Furthermore, the rising construction and the oil and gas industries in nations, such as China and India, are the main factors growing the demand for protective fabrics which will be beneficial for the market growth in the long term.
The North American region is another leading region in view of the global market, while exhibiting a mounting CAGR percent. The incidence of strict government regulations related to safe working environments is powering the market growth further. Moreover, the high adoption rate joined with the factor of established end-use industries such as firefighting and healthcare among others are estimated to enhance to the progress of the market considerably. The increasing technological advancements in the region, especially in the U.S., are further estimated to boost the market demand in the region. The European market is largely driven by the healthcare and firefighting industry which are fairly established. Moreover, rising stringent EU regulations concerning the industrial hazards have fuelled the use of protective fabrics in the region. In addition, the increasing use of these fabrics in the construction industry is also fueling the market growth. Additionally, the recent spike in terrorism in the region has resulted in increase of the defense budget, which is further estimated to boost the development of protective fabrics market.
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