ALBANY, New York, December 7, 2016 /PRNewswire/ --
Transparency Market Research has released a new market report titled "Industrial Protective Clothing Fabrics Market for Oil & Gas, Utilities, Electricians, Combustible Dust, Welding, Molten Metals, Food Service, Mining and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016-2024." According to the report, the global industrial protective clothing fabrics market was valued at US$ 1.85 Bn in 2015 and is projected to reach US$ 3.33 Bn by 2024 at a CAGR of 6.8% from 2016 to 2024.
Industrial workers are exposed to range of health & safety risks including extreme heat, flame, arc flash, combustible dust and molten metals. Ordinary clothing usually ignites when exposed to a source of ignition and will continue to burn until either the fire is extinguished or all flammable materials are consumed. Industrial protective clothing on the other hand, have useful functional properties such as flame resistance, cut resistance arc resistance and chemical resistance. Industrial protective clothing fabrics are manufactured from synthetic fibers (polyester, aramid, and acrylic) or from natural fibers (wool, cotton, and silk). These fabrics are used to protect workers in a wide range of application segments including oil & gas, Utilities, Electricians, Combustible Dust, Welding, Molten Metals, Food Service and Mining. Increasing awareness about worker safety in addition to stricter implementation of governmental norms is expected to boost the demand for protective clothing. This, in turn, is anticipated to offer good growth opportunities to the industrial protective clothing fabrics market during the forecast period.
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In terms of application, oil & gas was the largest segment of the industrial protective clothing fabrics market, accounting for more than 20% share in 2015. However, due to the ongoing turmoil in the oil & gas industry, growth in this segment is expected to be sluggish in the near future. The Mining and welding segments are anticipated to grow at the fastest rate with a CAGR of more than 7% during the forecast period. Improved safety standards coupled with stiff penalties in case of failure in complying with these standards is likely to be primarily responsible for the high growth of the mining and welding segments.
Demand for industrial protective clothing fabrics is estimated to be high in developed nations owing to large-scale industrialization in these regions coupled with strict adherence to safety norms. Europe dominated the industrial protective clothing fabrics market accounting for more than 35% of the global industrial protective clothing fabrics market in 2015. Europe was followed by North America in 2015. Asia Pacific is projected to grow at the fastest rate during the next decade. The major technological trends in this market is the development of multi-utility protective clothing gear and the development of more lightweight, comfortable protective clothing that permits increased mobility for industrial workers.
The global industrial protective clothing fabrics market is dominated by large companies that use propriety technology for manufacturing the fabrics. Key players in the market include PBI Performance Products Inc, Solvay S.A., Koninklijke Ten Cate nv (TenCate), Teijin Aramid B.V., Gunei Chemical Industry Co., Ltd., Huntsman International LLC, Milliken & Company & Glen Raven, Inc. Increasingly, several small players are emerging in the unorganized sector, especially in China.
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The report segments the global flame resistant fabrics market as follows:
Industrial Protective Clothing Fabrics Market: Application Analysis
- Oil & Gas
- Combustible Dust
- Molten Metal
- Food Services
Industrial Protective Clothing Fabrics Market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- South Africa
Rest of MEA
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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SOURCE Transparency Market Research