Industrial outlook and Trend Analysis
The
Industrial Protective Clothing market was valued around USD 6.56 billion in
2014 and is expected to reach approximately USD 10.55 billion by the end of
2022 while registering itself at a compound annual growth rate (CAGR) of 5.34%
during the forecast period. Increasing workplace threats
combined with rising safety concerns for employees in sectors like
manufacturing, food processing, chemical, oil & gas are anticipated to be
prime factors that influence the growth of this market. Rising awareness
towards the health and safety of workers along with growing industrial
fatalities in developing economies because of inadequacy of protective gear is
anticipated to boost the growth over the estimated time frame. Technological
developments alongside changing purchaser requirement protective clothing which
consolidates security with mold and appeal is additionally evaluated to
increase market extension. Safety principles by administrative offices that
include Occupational Safety and Health Administration (OSHA), primarily in
Europe and North America are a noteworthy market driver for mechanical
protective clothing. Conferences in regard with employee health and safety
issues and processes like total quality management (TQM) have propelled the
demand of industrial protective clothing making it compulsory for organizations
to adhere to the regulations in association with the safety of employees at
workplace. Furthermore, administrative offices in Asia Pacific and the Middle
East are imposing strict rules to make it mandatory for organizations to take
responsibility of the safety of the workers. Upper administration in a large portion of the modern firms is likewise
getting to be plainly proactive with respect to laborers' wellbeing at the
separate work environment. The strict administrative regulations in developed
economies that include the United Kingdom and the United States has been urging
companies to adhere to the rules to avert any kind of hazard. As per the
Occupational Safety and Health Administration the predominance of protective
clothing worldwide is anticipated to increase in industries like healthcare,
pharmaceutical and research laboratories. Rising value of raw materials that
render characteristics such as high resistance to heat, light weight, wear
& tear resistance and comfort are anticipated to compel organizations to
widely invest in research and development.
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Competitive Insights
Industrial protective clothing market share on a global level
is extremely competitive due to major diverse product landscape that includes
coats, boots, gloves, shoe covers, and overalls. Competitive landscape is
characterized by integrations, strategic acquisitions, and partnerships. Some
of the major companies in the industry are Lakeland Industries, Inc, Bennett
Safetywear Ltd, DuPont, Australian Defence Apparel, Koninklijke Ten Cate NV,
PBI Performance Products and Teijin Ltd.
Raw material costing of carbon fiber and aramid which are
high and varying might pose a threat to the global market of this industry in
the forthcoming years. Moreover, exhaustive costing nature of this industry due
to the intricate manufacturing procedures might hamper the global growth of
this market. Pricing for aramid fiber which is manufactured by DuPont under the
tradename Kevlar varies between USD 22 and USD 37 per kilogram.
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The global industrial protective clothing market is
segmented as follows-
By Product
- Durable clothing
- Disposable clothing
By Application
- Mechanical protective clothing
- Chemical defending garments
- Limited general use clothing
- Flame retardant apparel
- Clean room clothing
By Region
- North
America
o U.S
o Canada
o Mexico
- Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
- Asia-Pacific
o Japan
o China
o Australia
o India
o South Korea
o Rest of Asia Pacific
- Rest
of the World
o Brazil
o South Africa
o Saudi Arabia
o United Arab Emirates
o Others
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