Industrial Protective Footwear Market - Middle East Industry Analysis; Oil Industry to Remain Leading Consumer

Growing Demand for Workplace Safety Protocols Drives Demand for Industrial Protective Footwear

The key driver for the industrial protective footwear market in the Middle East is the growing awareness about the importance of workplace safety. Developing regions such as the Middle East have started the process of standardizing workplace safety protocols relatively recently. The rapid economic development of several countries in the Middle East in the last few years has thus led to a growing demand for a standardized workplace safety framework, leading to a steady increase in the demand for industrial protective footwear.

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The growing labor force in the Middle East, driven by the booming construction industry, has also necessitated the implementation of stringent workplace safety laws. “While widespread implementation remains unaccomplished, the steady demand for construction workers and other immigrant laborers in countries such as Kuwait, Qatar, and the UAE is likely to drive the demand for industrial protective footwear in the coming years,” added TMR’s lead analyst.

Government requirements such as duties and taxes are the key restraint on the Middle East industrial protective footwear market. On the other hand, the increasing threat of workplace mishaps is likely to ensure government support to the adoption of advanced industrial protective footwear in the coming years, which could lower the entry barriers for foreign companies.

Leading Role of the Middle East in Global Oil Economy Drives Demand from Oil and Gas Industry

The key application of industrial protective footwear in the Middle East is in the oil and gas industry. Since several Middle Eastern countries are among the leading producers and exporters of petroleum, the workforce in the industry has steadily grown. Despite the recent drop in oil prices, the oil and gas sector in the Middle East is still flourishing. As a result, the demand for industrial protective footwear is growing in the industry, with supportive government regulations expected to lead to large-scale of protective clothing, including protective footwear.

However, the demand for industrial protective footwear in the Middle East is expected to be dominated by different applications in different countries over the 2014-2020 forecast period.

In the UAE, the chemicals sector is expected to exhibit a sturdy 11.30% CAGR between 2014 and 2020 due to the country’s growing industrial sector and the resultant demand for various industrial-grade chemicals. The chemicals sector is also likely to be a key consumer of industrial protective footwear in Saudi Arabia, where it is expected to exhibit the highest CAGR of all application segments – 22.70% in the 2014-2020 forecast period. On the other hand, the pharmaceuticals industry is likely to become a key consumer of industrial protective footwear market in both Bahrain and Kuwait.

The information in this preview comes from a Transparency Market Research report titled ‘Industrial Protective Footwear Market - Middle East Industry Analysis, Trend, Size, Share and Forecast, 2014 - 2020.’

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