Protective Fabrics Market is projected to Grow at 4.0% CAGR over the Next Five Years
· End-Use Industry Type (Aramid Fiber, Cotton Fiber, Polybenzimidazole (PBI) Fiber, Polyamide Fiber, Polyolefin Fiber, Polyester Fiber and Others),
· By Fabric Type (Fire and Heat Resistance Protective Fabrics , Chemical Resistance Protective Fabrics, Ultra Violet (UV) Protective Fabrics, and Other Fabrics ),
· by Region (North America, Europe, Asia-Pacific, and Rest of the World)
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Protective Fabrics Market: Highlights & Drivers
The protective fabrics market offers good growth opportunity of 4.0% CAGR during the forecast period of 2016 to 2021. Rising concern of military personnel protection, stringent government regulations, such as OSHA regarding safety of workers, and growth in the end use industries are the major growth drivers of the market.
Fire & heat resistance protective fabrics are expected to remain the largest fabric type during the forecast period
They are used to manufacture helmets, bullet proof jacket vests, vehicle armor, footwear, and gloves for various industries, such as military and industrial. Strict government regulations regarding safety of workers in metal (steel & aluminum), energy (oil & gas), transportation (automotive and commercial vehicle), and building & construction industries in developed countries, such as the US, Germany, and the UK, and rising concern for the protection of military personnel are driving the fire & heat resistance protective fabrics market.
Building and construction industry is expected to remain the largest consumer of protective fabrics during the forecast period
The segment is largely driven by stringent government regulations regarding safety of workers in European and North American countries. Healthcare applications segment is expected to witness the fastest growth in the next five years. The growing end-use industry and increasing demand for safe medical treatments are some of the major growth drivers of the protective fabrics market in the healthcare industry.
North America is expected to remain the largest protective fabric market
During the forecast period. The growth of end-use industries and stringent government regulations regarding safety of workers will remain the key drivers of the North American protective fabrics market in the next five years. Asia-Pacific is expected to exhibit the fastest growth for the same period mainly driven by increasing demand of protective fabrics in China and India.
Top Key Players
The supply chain of this market comprises raw material suppliers, fiber manufacturers, fabric manufacturers, cloth manufacturers, and end users. The key protective fabric manufacturers are 3M Company, E. I. Du Pont De Nemours and Company, Koninklijke Ten Cate NV, Teijin Limited, Kolon Industries, Inc., and W. L. Gore & Associates, Inc.
New product development, applications development, and strategic alliances are the key strategies adopted by the key players to gain competitive edge in the market.
Why Stratview Research
Our report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
● Protective Fabrics Market overview, industry life cycle analysis, supply chain analysis
● Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
● Market trend (2010 – 2015) and forecast analysis (2016 -2021) of each segment.
● Competitors’ market share, product portfolio and new launches.
● Growth opportunities in each segment.
● Emerging trends which will decide the future course of development.
● Strategic growth opportunities for the existing and new players
● Key success factors.
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