The Global Market for Industrial Protective Clothing is Projected to Reach US$10.7 Billion by 2022
Tough Industrial Regulations, Standards and Guidelines
Drives Demand for Industrial Protective Clothing, According to a New Report by Global Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, size and
demand forecasts on the Global Industrial Protective Clothing market. The global market for Industrial Protective Clothing
is projected to reach US$10.7 billion by 2022, driven by increasing preference
for multifunctional protective wear; stringent legislations, regulations,
standards and guidelines that force organizations to provide suitable
protective equipment/clothing for ensuring worker’s safety; and rise in
voluntary worker safety and protection programs in a bid to reduce insurance
liabilities.
Industrial
protective clothing (IPC), referred as specialized garments that play major
role in ensuring worker safety in hazardous working environments, minimize
accident and fatality rates. The market is a part of the larger personal
protection equipment (PPE) industry that primarily includes disposable and
durable products with different applications. The high costs associated with workplace accidents
such as employee compensation, medical expenditure and opportunity cost of lost
productive hours is resulting in companies making proactive investments in PPE.
Industrial
protective clothing are specifically designed to offer protection against
occupational hazards and effects of asbestos, bruises, chemicals, cuts, dry
particles, electric arc flash, fire, flame, intense heat, lead and mold. The
demand for IPC, used in industries such as agriculture, automotive, chemical,
food processing and oil & gas, is fueled by increasing concerns about
worker safety and enforcement of strict regulations. Rising awareness regarding
worker safety and health along with the rise in industrial fatalities across
emerging economies owing to lack of needed protective gear are driving market
growth. Increasing focus on minimizing injuries and illness as well as
protecting workers from chemicals, fire and other hazardous workplace elements
will continue to spur design and high performance material improvements in
protective clothing. Fibers used in protective clothing are generally based on
diverse raw materials like aromatic polyamide, diphenyl isophthalate, mixed
silicates, polyamide, polyethylene terephthalate and polymers.
Broad
macroeconomic forces benefitting the market include encouraging GDP performance
in India and other Southeast Asian countries, rapid of industrialization and
expansion of manufacturing base, development of infrastructure such as airports,
rail transport, roadways and harbors, among others. Safety standards and
requirements implemented by leading regulatory agencies such as Occupational Safety and Health
Administration (OSHA), especially in North America and Europe, have compelled industries to
follow guidelines and rules to avoid occupational hazard thereby benefiting
demand for protective wear. In addition, the market is also benefitting from conventions
about worker health & safety coupled with practices like TQM.
As
stated by the new market research report on Industrial
Protective Clothing, Europe represents the largest market worldwide.
Asia-Pacific ranks as the fastest growing market with a CAGR of 9.3% over the
analysis period led by factors such as tightening of the hitherto lax worker protection
norms, establishment of new plants and factories, growing awareness among
workers over their legal right to a safe and healthy work environment. Chemical
Protection Clothing
represents
the largest market segment, while clean room clothing and
thermal clothing are the other major markets.
Major
players covered in the report include Ansell Ltd., Ansell Protective Solutions
AB, Alexandra PLC, Asatex AG, Bennett Safetywear Ltd., CWS-boco Supply Chain
Management GmbH, The Dow Chemical Company, Eastern Technologies, Inc., E. I.
DuPont deNemours and Co., Honeywell International, Inc., ILC Dover,
International Enviroguard, Inc., Kimberly-Clark Corp., Lakeland Industries,
Inc., Sioen Industries NV, Workrite Uniform Co., and W. L. Gore &
Associates, Inc., among others.
The research report titled
“Industrial Protective Clothing : A Global Strategic
Business Report” announced by Global
Industry Analysts Inc., provides a comprehensive
review of market trends, drivers, issues, challenges, mergers, acquisitions,
and strategic industry activities of
major companies worldwide. The report provides market estimates and projections
for major geographic markets including the US, Canada, Japan, Europe (France,
Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and
Rest of Asia-Pacific), Middle East & Africa, and Latin America. The report
also analyzes the IPC market by Segments – Chemical Protection Clothing,
Thermal Clothing, Clean Room Clothing, Mechanical Protection Clothing, and
Other Industrial Protective Clothing.
Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA,
All Rights Reserved.
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