Protective Clothing Market Emerging Trends, Business Growth Opportunities and Major Driving Factors

According to the report, the global protective clothing industry garnered $7.98 billion in 2018, and is estimated to reach $12.95 billion by 2026, witnessing a CAGR of 6.2% during the forecast period, 2019-2026.

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Drivers, restraints, and opportunities:
Rise in demand from end-user industries, strict government regulations, and increase in investments in research and development activities drive the growth of the global protective clothing market. However, high costs related to manufacturing hinder the market growth. On the other hand, untapped potential in emerging economies present new opportunities in the market.

Detailed segmentation:
Based on material type, the report segments the market into aramid & blends, polyolefin & blends, polybenzimidazole, cotton fibers, laminated polyesters and others. The aramid & blends and polyolefin & blends segments together held the highest market share in terms of revenue in 2018, contributing for more than half of the total market share. Moreover, these segments would continue to dominate throughout the forecast period.

Based on application, the research bifurcates the market into thermal, mechanical, chemical, radiation and others. The radiation segment is estimated to grow at the highest CAGR during the forecast period. On the basis of end user, the study sub-segments the market into oil & gas, construction & manufacturing, pharmaceuticals, law enforcement & military, firefighting and others. The oil & gas segment is estimated to grow at the highest growth rate over the forecast period.

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Based on region, North America accounted for the highest market share in 2018, contributing for nearly two-fifths of the global protective clothing market, and will continue to dominate in terms of revenue during the forecast period. However, Asia-Pacific is expected to witness the highest growth rate with a CAGR of 6.7% from 2019 to 2026. The report also analyzes the regions including Europe and LAMEA.

Leading market players:
o E. I. du Pont de Nemours and Company
o 3M Company
o Lakeland Industries, Inc.
o W. L. Gore & Associates
o Workrite Uniform Company, Inc.
o Ballyclare Limited
o Glen Raven
o Cetriko
o Koninklijke Ten Cate NV
o Teijin Limited

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