Press release
Protective Clothing Market worth $11.9 billion by 2024 | Key Players include 3M Company, E.I. du Pont de Nemours and Company, Ansell Limited, Kimberly Clark Corp, Teijin Limited, Sioen Industries, and Lakeland Industries, Inc.
Protective Clothing Market, Safety Clothing Market, Industrial Clothing Market, Aramid & Blends Market, Polyolefin & Blends Market
Browse 97 market data Tables and 52 Figures spread through 170 Pages and in-depth TOC on "Protective Clothing Market - Global Forecast to 2024"
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The protective clothing market size is projected to reach USD 11.9 billion by 2024, growing at a CAGR of 6.3% between 2019 and 2024. Protective clothing protects the wearer from hostile elements, objects, or environments and prevents the risk of injuries. It is designed according to the requirement of specific applications such as for protection against environmental hazards faced during various industrial activities, such as construction and oil exploration. It is developed according to the requirements of specific applications. It is manufactured using high-performance materials to enhance its properties. For instance, polybenzimidazole (PBI) is combined with aramid and other high-performance fibers to enhance its physical properties. Protective clothing is used in applications where safety and protection of the wearer are required. Apart from safety and protection, the clothing must also provide comfort, mobility, and flexibility.
North America is estimated to be the largest market for protective clothing during the forecast period, in terms of value. The rising demand for specialized clothing is driving the market for protective clothing in North America owing to government initiative regarding personnel safety in various industries. The demand for protective clothing in the US is estimated to be mainly driven by the stringent regulations that ensure the safety of the workers in various industries. The increasing import of protective clothing from Mexico is also driving the protective clothing market in North America.
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The protective clothing market size is projected to reach USD 11.9 billion by 2024 from USD 8.8 billion in 2019, at a CAGR of 6.3% between 2019 and 2024. Rising awareness about the safety of workers and industrial development in developing economies are expected to support the growth of the protective clothing market. The high price of specialized clothing and the requirement of massive investment for R&D are restraining the growth of the market. On the other hand, the use of phase change materials (PCMs) and rising demand for multifunctional clothing have created opportunities for manufacturers. The players in the protective clothing market are mainly concentrating on new product launches, acquisitions, agreements, and expansions to meet the growing demand for protective clothing from various applications. New product launches help companies strengthen their product portfolio and meet the specific demands of customers.
The growth of the protective clothing market has been largely influenced by new product launches, acquisitions, agreements, and expansions that took place between 2014 and 2018. 3M Company (US), E.I. du Pont de Nemours and Company (US), Ansell Limited (US), Kimberly Clark Corp (US), Teijin Limited (Japan), Sioen Industries (Belgium), and Lakeland Industries, Inc. (US) adopted acquisitions, expansions, and new product launches to enhance their product offerings.
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3M Company (US) is developing its protective clothing segment by launching new products and expanding its global presence through acquisition. 3M acquired Scott Safety (US) from Johnson Controls (US) in October 2017. The acquisition helped the company widen its product portfolio of safety products & solutions. The company also acquired Ivera Medical Corp. (US) in March 2015, thereby, expanding its business in the healthcare sector. It has the opportunity to develop more efficient and durable products for global sale.
E.I. du Pont de Nemours and Company (US) focuses on R&D to produce protective fabrics and clothing for defense, law enforcement, chemical, and industrial applications. The strong supply chain and distribution network of the company helps it to have a competitive edge over its competitors. The advanced protective clothing offered by the company finds high demand from end-use industry such as oil & gas, construction, manufacturing, and others. The company, through various agreements, has improved its presence in emerging markets of APAC.
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