Press release
Industrial Protective Clothing Market to grow at 14% CAGR up to 2023
Industrial Protective Clothing Market share is slated to grow substantially by the rising awareness regarding fatality occurrence in the accident-prone industries such as mechanical, chemical, oil & gas and construction.
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Global industrial protective clothing market size will exceed USD 14 billion by 2023, disposable gloves accounted for maximum revenue share for 2015, recording over USD 1.6 billion.
Industry Growth Drivers are:
1. Safety norms
2. Increasing prevalence of safety at workplace
3. Increase in construction spending in Asia Pacific and Middle East
Many of the worldwide organizations such as NIOSH, NFEA, and OSHA are imposing stringent rules and regulations about the working safety, which will in turn boost industrial protective clothing industry.
The predominant applications of the industrial protective clothing industry are flame retardant apparels, clean room clothing, limited general-use clothing, chemical defending garments, and mechanical protective clothing. The mechanical protective clothing application segment will achieve a revenue of more than USD 2 billion by 2023, owing to the emergence of durable and light-weight products, which are extensively used for oil & gas and manufacturing industries.
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Regionally, MEA industrial protective clothing industry is anticipated to register a growth rate of over 10% over the coming six years, owing to the largest establishment of petrochemical industry across this region. The growing demand for chemical and flame retardant clothing across MEA will influence MEA industrial protective clothing market growth lucratively.
North America industrial protective clothing industry share occupied more than 40% of the global revenue and will grow noticeably over the coming years, driven by the strict safety regulations imposed by the organizations such as NFEA, OSHA, and NIOSH.
Asia Pacific industrial protective clothing market size is predicted to record a CAGR of 15% over the period of 2016 to 2023. The growing investment in the construction sector such as residential buildings, harbors, and airports across this region will augment the industry growth. India, Japan, and China will contribute significantly towards the regional demand.
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The industry players will adopt the business strategies such as mergers, acquisitions, and collaboration to sustain the higher market position. The key players in the global industrial protective clothing market are Royal Ten Cate, DuPont, Honeywell, Teijin, Kimberly-Clark, Bulwark FR, Ansell, and W. L. Gore.
Source Report: https://www.gminsights.com/industry-analysis/industrial-protective-clothing-market
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