Tuesday, September 25, 2018

Industrial Protective Clothing Market Size Is Predicted To Reach $13.3 Billion By 2022: Grand View Research, Inc.


Grand View Research, Inc. - Market Research And Consulting.
The global industrial protective clothing market is expected to reach USD 13.30 billion by 2022, according to report by Grand View Research, Inc. Rising concern towards worker's health and safety across a wide host of end-use industries including chemical and manufacturing is expected to remain a key driving factor for global industrial protective clothing market over next seven years.

According to a report published by Grand View Research, Inc.; the industrial protective clothing market is expected to reach a valuation of around USD 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.

Full Research Report On Industrial Protective Clothing Market Analysis: www.grandviewresearch.com/industry-analysis/industrial-protective-clothing-market

U.S. industrial protective clothing market revenue estimates and forecast, by product, 2012-2022 (USD Million)

U.S. industrial protective clothing market revenue estimates and forecast, by product, 2012-2022 (USD Million)

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.

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.

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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.

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.

Grand View Research has segmented the industrial protective clothing on the basis of product, application and region:

Global Industrial Protective Clothing Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2022)

  • Durable
  • Disposable

Global Industrial Protective Clothing Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2022)

  • Flame retardant apparels
  • Chemical defending garments
    • Radiation protection
    • Particulate matter
    • Clean room clothing
    • Mechanical Protective clothing
    • Limited General-Use clothing
    • Others

Global Industrial Protective Clothing Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2022)

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

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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.

For more information: www.grandviewresearch.com

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