The global market for industrial protective clothing is expected to reach $13.3 billion by 2022 according to a new report by analysts at San Francisco-based Grand View Research Inc.
Rising concerns about workers’ health and safety across a variety of end-use industries, including chemical, oil and gas and manufacturing, is expected to remain a key driving factor for the global market over the next seven years, the report says. Regulations to minimize occupational hazards across several regional markets are also expected to have a positive influence on growth, as is increasing construction spending in the Asia Pacific and Middle East.
Durable protective clothing was the largest product segment with demand share exceeding 55 percent in 2014. The segment is also expected to witness the fastest growth over the forecast period. Meanwhile, the high price of key raw materials, such as aramid and carbon fiber, is expected to remain a challenge for market participants. Other findings of the report include:
- Chemical-defending garments were the largest application segment and accounted for more than 30 percent of total market volume in 2014.
- Flame-retardant clothing is expected to witness growth of more than 14 percent in next seven years.
- North America emerged as the leading consumer and accounted for more than 40 percent of total volume share in 2014. Favorable OSHA regulations in the U.S. are anticipated to drive regional growth.
- The Asia Pacific market is expected to grow more than 15 percent from 2015 to 2022. Rapid industrialization in emerging markets in China, India, Thailand and Indonesia is expected to drive regional industry growth.