Press release
Industrial Protective Fabrics Market | Top Key Players- Tencate Fabrics EU, W. Barnet gmbh & co., CETRIKO SL., Cerex Advanced Fabrics, Inc, Tex Tech Industries
Industrial Protective Fabrics Market
Growing space exploration and research activities are likely to foster the demand for spacesuits in the coming years. New space and planetary exploration activities have prompted manufacturer to focus on modular and lightweight spacesuit designs. Reports indicate that in 2019, the industrial protective fabrics market in spacesuits application accounted for USD 68.8 million in revenue, and is forecasted to grow at a CAGR of 5.9% by 2026.
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Mounting demand for books, newspapers, journals, and other reading materials owing to rising awareness regarding education may drive market growth. Wide application of the coating in different industries such as medical, construction, automotive, and cosmetics may surge the demand for industrial protective fabrics. Along with this, snowballing construction activities taking place worldwide due to rising urbanization could spark the demand for these fabrics and support industry growth.
According to Global Market Insights, the industrial protective fabric market is expected to reach over USD 6,525 Million by 2026. Key players in the market include KLOPMAN INTERNATIONAL, Tencate Fabrics EU, W. Barnet gmbh & co., CETRIKO SL., Cerex Advanced Fabrics, Inc, Tex Tech Industries, KOLON Industries, TEIJIN LIMITED., Glen Raven, Inc., Beijing BW Protect, DuPont, Inc., and some other players. Strategic initiatives like collaborations, mergers, acquisitions, product development, and increased production capacity are being utilized by firms to stay competitive in the market.
The Europe industrial protective fabrics industry accounted for USD 1,033.7 Million in 2019 and is anticipated to grow at a CAGR of 9.6% by the end of 2026. This growth is expected to be ascribed escalating chemical, industrial and fabrication activities across the region. The demand for industrial protective fabrics could expediate as to the emphasis on protecting workers from extreme conditions including electric arc flash and cut hazards.
Key Point Of TOC:
Chapter 7 Company Profiles
7.1 TenCate Fabrics - EU
7.1.1 Business Overview
7.1.2 Financial Data
7.1.3 Product Landscape
7.1.4 SWOT Analysis
7.2 Tex Tech Industries
7.2.1 Business Overview
7.2.2 Financial Data
7.2.3 Product Landscape
7.2.4 SWOT Analysis
7.3 Cerex Advanced Fabrics, Inc.
7.3.1 Business Overview
7.3.2 Financial Data
7.3.3 Product Landscape
7.3.4 SWOT Analysis
7.4 KOLON Industries
7.4.1 Business Overview
7.4.2 Financial Data
7.4.3 Product Landscape
7.4.4 SWOT Analysis
7.5 W. Barnet gmbh & co.
7.5.1 Business Overview
7.5.2 Financial Data
7.5.3 Product Landscape
7.5.4 SWOT Analysis
7.5.5 Strategic Outlook
7.6 Milliken & Company
7.6.1 Business Overview
7.6.2 Financial Data
Continue….
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Meanwhile, COVID-19 pandemic has influenced the industrial protective fabrics industry outlook. Strict lockdowns imposed by the government worldwide have impacted import and export businesses, resulting in declining sales to an extensive level. As per the ILO Siraye program, 54% of the factories surveyed assume a decline of their profits by 20% in 2020.
Some companies have halted their manufacturing while others have shifted their market locally to produce the PPE kits which are needed in large quantities for the healthcare segment. The report states that 58% of manufacturers are willing to produce Covid-19 response goods (PPE, bed linen, face masks, towels, and patient gowns). All these factors are expected to enhance the requirement for industrial protective fabrics in the COVID-19 era.
About Global Market Insights
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.
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Global Market Insights, Inc.
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