This page was printed from https://advancedtextilessource.com

Report sees protective clothing market growth

August 7th, 2015 / By: / Industry News

www.oilandgaspeople.com
www.oilandgaspeople.com

A report by Dallas-based market analysts Markets and Markets forecasts the protective-clothing industry will see sales approaching $9.3 billion by 2020.

The report—“Protective Clothing Market by Type (Aramid & Blends, Polyolefin & Blends, Polyamide, and PBI), by Application (Thermal, Chemical, and Visibility), and by End Use Industries (Construction & Manufacturing, Oil & Gas, and Mining) – Global Forecast to 2020”—defines and segments the protective-clothing market and forecasts the market size by value. In terms of value, the market is projected to reach $9,290 million by 2020, at a compound annual growth rate (CAGR) of 6.2 percent between 2015 and 2020.

The protective-clothing market is being driven mainly by the increasing demand from the oil and gas, and construction and manufacturing industries the report notes, citing growth in thermal, mechanical and chemical applications. The key factors restraining this market include higher pricing of specialized protective clothing and increased automation in end-use industries, such as chemical, manufacturing and mining.

The high price of protective clothing is one of the major setbacks that affect the growth of the market. Protective clothing involves high costs of manufacturing because of the use of high-performing fabrics as well as multiple test methods and standards. The growth of the protective clothing market is reliant on the growth of the employment trend in various industries; the slowdown in the European market adversely affects the demand of various end-user industries and others.

Thermal is the major application in protective clothing markets, accounting for more than one-fourth of it, followed by visibility and mechanical. The North America region dominated the market for thermal application of protective clothing, followed by Europe and Asia-Pacific. The market for biological/radiation applications are projected to witness the highest CAGR of 12 percent between 2015 and 2020.

The report covers the protective clothing market and its trends in five regions: North America, Europe, Asia-Pacific, Middle East/Africa and Latin America and has been analyzed on the basis of applications, such as thermal, mechanical, chemical, biological/radiation and visibility. It was also segmented and analyzed on the basis of material type which includes aramid and blends, polyolefin and blends, polyamide, PBI, UHMW Polyethylene, cotton fibers and laminated polyesters.