Protective Clothing Market Trends, Share, Size, Demand, Growth Opportunities, Industry Revenue, Future and Business Analysis by Forecast 2027
According to Fortune Business Insights™, the study further states that, the global protective clothing market size was USD 12.48 billion in 2019 and is projected to reach USD 34.31 billion by 2027, exhibiting a CAGR of 14% during the forecast period.
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According
to Fortune Business Insights™, the study further states that, the global protective
clothing market
size was USD 12.48 billion in 2019 and is projected to reach USD
34.31 billion by 2027, exhibiting a CAGR of 14% during the forecast
period.
The
protective clothing market is anticipated to be driven by the rising government
norms worldwide to maintain workplace safety, especially in the manufacturing,
food processing, construction, healthcare, and chemical industries. Also, the
increasing cases of accidental injuries and mortalities would affect the market
positively.
The
study further states that the protective clothing market size was USD 12,481.0
million in 2019 and is projected to reach USD 34,316.9 million by 2027,
exhibiting a CAGR of 14% during the forecast period.
Fortune
Business Insights™ lists out the names of all the organizations present in the
global protective clothing market. They are as follows:
- Honeywell
International Inc. (U.S.) - Lakeland Inc.
(U.S.) - W. L. Gore &
Associates, Inc. (U.S.) - PBI Performance
Products, Inc. (U.S.) - TenCate
Protective Fabrics (U.S.) - Kimberly-Clark
Corporation (U.S.) - Ansell Microgard
Ltd. (U.K.) - DuPont (U.S.)
- Bennett
Safetywear Ltd. (U.K.) - TEIJIN LIMITED
(Japan) - Udyogi (India)
- Sanctum Work
Wear Pvt. Ltd. (India) - Derekduck
Industries Corp. (Taiwan) - Protective
Industrial Products (PIP) (U.S.) - Other prominent
companies
Report
Aim & Scope:
- An overview of
the market based on geographical scope, segmentation and financial
performance of key players is presented in the report. - The report
presents the estimated market size by the end of forecast period. Additionally,
the historical and current market size is also examined in the report. - Based on various
indicators, the Year on Year growth (%) and compound annual growth rate
(CAGR) for the given forecast period is offered. - The report
presents current trends in the industry and future scope of the market in
North America, Asia Pacific, Europe, Latin America and Europe. - The various
parameters accelerating the growth of the market are incorporated in the
research report. - The report
analyzes growth rate, market size and valuation of the market during the
forecast period.
Drivers
& Restraints-
The
Effects of Covid-19 Pandemic on the Market
- In the
healthcare environment, there is a rising demand for protective clothing
to prevent contamination from various sources. - Healthcare
workers are persistently working to control the rate of infection by
correctly disposing and laundering the clothing. - The demand for
surgical gowns, coveralls, and isolation gowns has upsurged rapidly from
the healthcare sector to prevent the transmission of microorganisms
through blood or bodily fluids in themselves, as well as the patients. - The Directorate
General of Health Services, Ministry of Health and Family Welfare, OSHA,
and World Health Organization (WHO) implemented new set of rules to be
followed by the workers of primary health care centers, quarantine
centers, laboratories, point of entries (POEs), and hospitals.
Regional
Analysis-
North
America to Dominate Fueled by Strict Laws by OSHA Regarding Workers’ Safety
The
market is regionally categorized into the Middle East and Africa, Latin
America, Asia Pacific, Europe, and North America. Out of these, North America
procured USD 4,677.9 million revenue in 2019. It is set to dominate throughout
the forecast period. This growth is attributable to the rising number of
stringent norms put forward by the Occupational Safety and Health
Administration (OSHA) to ensure workers’ safety. The organization has formed
certain safety standards associated with industrial disasters, such as manufacturing
machinery failures, fires, and others. Asia Pacific would grow rapidly backed
by the rising rates of occupational accidents in the developing countries, such
as South Korea, India, and China.
Segment-
Rising
Usage of Protective Clothing to Prevent Injuries will Drive the Chemicals
Segment
Based
on end use, the market is fragmented into oil & gas, firefighters,
chemical, pharmaceutical, and others. Amongst these, the chemical segment is
expected to procure the largest share owing to the increasing usage of
protective clothing in the chemical industry for preventing injuries caused by
hazardous chemicals, such as cleaning agents, degreasers, and paints. Besides,
workers in several industries are nowadays exposed to various types of toxic
chemicals. The oil & gas segment, on the other hand, held 13.5% protective
clothing market share in 2019.
Competitive
Landscape-
Key
Manufacturers Aim to Enhance Portfolio through Acquisitions
A
large number of manufacturers and distributors are mainly focusing in the
development of more sustainable and recyclable materials for a wide range of
industries. They are also adopting the set of norms provided by government
agencies worldwide. In addition to that, they are following the strategy of
mergers and acquisitions to broaden their product portfolio & serve their
consumers better.
Below
are two of the latest industry developments:
- March 2020: Lakeland
Industries, Inc. augmented its previously planned expansion of the
manufacturing capacity by 30%. Since the past couple of years, it has
invested around USD 6 million to widen its manufacturing footprint into
India and Vietnam, increase margins, improve efficiencies, as well as add
and update IT systems. The company decided to upsurge production because
of the outbreak of the Covid-19 pandemic. - February 2019: Protective
Industrial Products, Inc. (PIP) successfully acquired West Chester
Protective Gear. This new deal would solidify PIP’s position in the global
market in North America. It would be able to deliver the retailers and
distributors in the safety industry with a broad product portfolio that
includes more flexible solutions.
Browse
Summary of This Research Report:
https://www.fortunebusinessinsights.com/protective-clothing-market-102707
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