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Safety apparel market growing at 8.12% CAGR to 2020

September 14th, 2016 / By: / Industry News

Analysts at the Pune, India-based Sandler Research online market research firm report the global safety-apparel market will experience a compound annual growth rate (CAGR) of more than 8 percent through 2020. The report says use of nanotechnology to improve worker safety will be a key trend for market growth.

North America is expected to be the highest revenue contributing region in the global safety apparel market and accounted for nearly 42 percent of the revenue market shares during 2015. The report also notes the region’s economic improvement has boosted the construction industry, which will increase the demand for such safety apparel as footwear and head protection. Moreover, the availability of cheap natural gas due to the widespread use of hydraulic fracturing has positioned the U.S. as the destination for new chemical manufacturing facilities, the report says.

Advances in nanotechnology have led to the experimental use of nanofibers and composites in PPE, the report notes. These nanofibers improve mechanical properties of a PPE at a lower weight, making them superior to their conventional counterparts. They also help protect the wearer from thermal, mechanical, chemical and biochemical hazards.

The chemical-defending apparel segment dominated the safety apparel market and held more than 32 percent of the market shares in terms of revenue. A related report, Global Women Apparel Market 2016-2020, notes that an increase in the number of working women will be a key driver for market growth. The working population segment is one of the major revenue contributors to the global apparel market.

Global Safety Apparel Market 2016-2020 was prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.