Industrial Protective Clothing Market Analysis, Size, Applications Share, Trends & Forecast, 2019 – 2024
According to a new research report
by Global Market Insights, Inc. Industrial Protective Clothing Market size is set to surpass USD 14 billion by 2023.
Strict safety regulations imposed by OSHA, NIOSH, NFPA, and others will be the
principal global Industrial Protective Clothing Market growth driver. Health
&safety awareness campaigns organized by these organizations with
co-operation from the companies and mandatory compliance with the PPE norms
will positively influence demand.
Manufacturing and production
employment registered a combined strength of close to 120 million people in
U.S., EU, and China in 2013. With heavy investment continuing in this sector,
employability will have a significant growth in the next few years and
workplace safety and the requirement of protection for the workers from
fatalities will boost the global Industrial Protective Clothing Market growth
in the forecast period.
Development of the construction
market in Asia Pacific, with expenditure over USD 1.7 trillion in China, over
USD 700 billion in Japan, and over USD 400 billion in India in 2015, will
increase the number of employees in this region. Growing protective equipment
demand, such as overalls, gloves, etc., among the construction site workers
will enhance the global Industrial Protective Clothing Market in the next seven years.
The industry, however, is likely
to face hindrances due to high prices of the raw materials, which include
reinforced carbon, aramid and metal fiber, fiberglass, etc. The technological
complexities associated with the manufacturing of the products makes the global
industrial protection clothing market capital intensive. Though heavily priced,
the purpose of the product to decrease the number of fatalities in the
workplace enhances its value.
Global Industrial Protective
Clothing Market size will exceed USD 14
billion by 2023, disposable gloves accounted for maximum revenue share for
2015, recording over USD 1.6 billion.
Durable clothing will have the
largest share of the global market, with over USD 3 billion for 2015 along with
more than 14.0% growth forecast.
Browse Complete Summary of this
report @ https://www.gminsights.com/industry-analysis/industrial-protective-clothing-market
Global clean room protective
clothing demand recorded more than USD 800 million owing to growing demand in
electronics manufacturing units, chemical laboratories, clinical laboratories,
and pharmaceutical facilities. The chief raw material used in these clothing is
filament polyester which prevents any type of infection or contamination.
Asia Pacific, led by the
mushrooming industrialization and investment in infrastructure, will be the
fastest growing region, with over 15.0% CAGR from 2016 to 2023.
Regulatory norms in the U.S. has
provided the maximum global Industrial Protective Clothing Market share to North America, registered a revenue
over USD 2 billion in 2015 and is expected to have decent growth during the
forecast timespan.
The industry is intensely
competitive with companies banking on innovative product development and
diversification, strategic mergers and partnerships in the next few years.
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware,
U.S., is a global market research and consulting service provider; offering
syndicated and custom research reports along with growth consulting services.
Our business intelligence and industry research reports offer clients with
penetrative insights and actionable market data specially designed and
presented to aid strategic decision making. These exhaustive reports are
designed via a proprietary research methodology and are available for key
industries such as chemicals, advanced materials, technology, renewable energy
and biotechnology.
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Connect with us twitter | LinkedIn | Facebook | Google+
Industrial Protective Clothing Market Analysis, Size, Applications Share, Trends & Forecast, 2019 – 2024
Reviewed by GMI
on
October 18, 2019
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