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About the Whitepaper
The safety and protective clothing industry plays a crucial role in the protection of firemen, police officers, military and medical personnel, industrial and construction workers, and miners. It’s a mature business that is less cyclical than other industries and generally achieves 5-7 percent annual growth.
The global safety and protective market was estimated to be about $20 billion in 2011.
The U.S. safety and protective market was worth about $4 billion dollars in 2010. Profit margins in the supplier market are about 17 percent.
Positive developments occurring in the U.S. safety and protective products market in 2012 and 2013—more efficient manufacturing technologies, the continuous drive to invest and introduce new products every year, compliance with ANSI standards—are expected to perpetuate the U.S. safety and protective market’s annual sales growth of 5-6 percent.