Global Industrial Protective Clothing FabricsMarket: Highlights
· Theglobal industrial protective clothing fabrics market is projected to grow at aCAGR of nearly 7% between 2019 and 2027.Enforcement of stringent safety regulations for workers at public sectorcoupled with various bills passed by regulatory authorities is likely to propelglobal industrial protective clothing fabrics market.
· Agrowing consciousness inside the industrial sector in various emergingeconomies with regards to workplace safety is majorly driving the internationalindustrial protective clothing fabric market. Favorable initiatives and supportprovided by several governments in order to uphold safety precautions insectors that demand intensive work too is providing a large impetus to themarket’s growth. This is mainly due to rising concerns regarding injuriescaused by high rate of mortality among workers in the industrial domains.
· A majorfactor that augments the growth of the global industrial protective clothingfabric market currently is the surge witnessed by the oil and gas industry.Such growth is mainly responsible because of a dire need for using protectiveclothing while working at offshore as well as onshore oil rigs. With increasinginvestments made by several players as well as governments to curb injuries andprovide better protection, coupled with a robust rate of innovation and productdevelopment, the global industrial protective clothing fabric market isexpected to expand splendidly in the near future.
Global Industrial Protective Clothing FabricsMarket: Key Trends and Segments
· Of themany application segments of the global industrial protective clothing fabricsmarket, oil & gas and mining has so far been highly promising in terms ofdemand and scope of growth. In 2018, the oil & gas andmining application accounted for nearly 40% of the overalldemand for industrial protective clothing and clothing fabrics. With a majorityof workers in the oil and gas sector being exposed to harsh environments andhazardous conditions, the highly stringent safety standards coupled with theneed to increase crude production levels have proven beneficial for players inthe global industrial protective clothing fabrics market to ramp up theirproduction rates.
· Workersin the mining industry face various hazards including fire risks, chemicalexposure, and the possibility of explosions. Hence, multi-utility apparel isgenerally used to protect workers in the industry.
· Weldingaccounted for significant share in global industrial protective clothingfabrics market. The segment is likely to grow with a decent pace from 2019 to 2027 owingto high demand for protective clothing fabrics and apparels from Asia Pacificregion. Protective clothing fabrics are used in the manufacture of flameresistant and arc resistant gloves and jackets that are used by workers duringwelding operations.
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Global Industrial Protective Clothing FabricsMarket: Regional Highlights
· Europeand Asia Pacific dominated the global industrial protective clothing fabricsmarket in 2018 together accounting for more than 60% marketshare. The industrially evolving countries of Asia Pacific – especially Chinaand India – are expected to be instrumental to the growth of the globalindustrial protective clothing fabrics market over the coming years.
· Europe isanticipated to showcase a decent growth in the coming years in globalindustrial protective clothing fabrics market due to high concentration ofapparel manufacturers and owing to the extremely high safety standards laiddown by governments and regional regulatory authorities.
· Thelarge-scale industrialization of countries in Asia Pacific is expected toincrease the number of workers employed in the industrial sector. This, inturn, is expected to boost the demand for industrial protective clothingfabrics in this region. Growing worker safety awareness and stricterimplementation of government safety norms is also anticipated to be importantdrivers of the market during the forecast period. Regions such as China, ASEANand India have a large number of unprotected industrial workers which offershuge opportunities for the industrial protective clothing fabrics market.
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Key Developments in Global Industrial ProtectiveClothing Fabrics Market
· In November2019, Teijin Aramid announced the second round of activities to increaseits production capacity for Twaron fiber
· In April2018, Teijin Aramid introduced Teijinconex Coolnex Stretch: a unique flameresistant and durable stretch fabric. This fabric inherts stretch and recoveryfunctionality over the time.
Global Industrial Protective Clothing FabricsMarket: Competition Landscape
· Theglobal industrial protective clothing fabrics is substantially consolidatedmarket. Milliken & Company, Teijin Aramid, and TenCate accounted for majorshare in 2018. Most companies are looking forward to improve theirpresence in the global industrial protective clothing fabric market by settingup new facilities for the purpose of manufacturing in new regions. Moreover,numerous businesses are also focused on participating in strategiccollaborations, mergers & acquisitions, and partnerships, in order to aimfor high revenue generation.
· Some ofthe leading players include include Solvay S.A., PBI PerformanceProducts Inc., Huntsman International LLC, Gunei Chemical Industry Co., Ltd.,and Glen Raven, Inc.
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