Posted on Sep 17 2019 6:46 AM

"The protective clothing market was evaluated at $8.26 billion and the demand for protective clothing will increase at a healthy CAGR of 6.1% during the forecast period 2019-2025. "

The global protective clothing market to experience an expansion due to the demand influx from the manufacturing, oil & gas, construction, and healthcare industries while North American market will witness further growth due to the highly profitable construction and manufacturing sectors in the region

Safety hazards are an integral occurrence in all industries, and therefore, there is sustainable demand for protective clothing, which is an indispensable part of personal protective equipment (PPEs). With the catapulting demand for goods from various sectors, the manufacturing industry is picking up pace across the world, and more so when the sustainable development goals (SDGs) by the United Nations (U.N.) has enlisted the upsurge in demand for products and an agenda of the fulfillment of the same. This surge in manufacturing activities worldwide will lead to the employment of a significant number of workmen and staff, which will require protective clothing. The construction industry is also envisioned to contribute to the SDGs by the U.N., and the upcoming years foresee an increase in construction activities worldwide, which will be driving a demand influx in the protective clothing market. Furthermore, there is a discernible growth in the healthcare sector, which is increasing the number of healthcare facilities, and that will create opportunities for the protective clothing market vendors. The oil & gas industry is a hefty consumer of protective clothing because the refineries are highly susceptible to safety hazards. Apart from the industries mentioned above, the mining sector, which is witnessing a tangible growth across the globe, is creating revenue sources for the protective clothing market players. The growth of the military and defense sector is also driving the protective clothing market. The protective clothing market was evaluated at $8.26 billion, and due to the growing influx from various end-use industries, the demand for protective clothing will increase at a healthy CAGR of 6.1% during the forecast period 2019-2025.                                                              

The growth of the Protective Clothing Market can be further understood by the data of the parent industry that includes articles of apparel and clothing accessories. According to the International Trade Centre (ITC), the global trade value of the clothing accessories under the parent industry was valued to be $216.62 billion in 2018. The trade had observed a year on year growth at 6%. This growth of trade in the parent industry is partly attributable to the demand influx in the protective clothing market. The report covers Protective Clothing Market size by type and applications, Protective Clothing Market share by top 5 companies and also the market share by start-ups during the forecast period.

The Future for the Protective Clothing Market in North America –

The growth of a gamut of end-use industries such as construction, oil & gas, manufacturing, and healthcare has led to ample growth opportunities in North America protective clothing market. This is much evident in the augmented import of goods from the parent industry, which indicates a perceptible demand for protective clothing, the market of which is making strides in North America.

The Catapulting Construction Activities in North American Countries Supporting the Protective Clothing Market –

The substantial impact of North America construction industry on the protective clothing market can be attributed to the increasing construction activities, predominantly in the US, Canada, and Mexico.

View Full Table of Contents @ https://www.industryarc.com/Report/11684/protective-clothing-market.html

Report Price (Single User): US $3850

Further Facts that Asses the Contribution of the Construction Industry to the Protective Clothing Market Growth in North America –

The U.S. Construction Industry and the Safety Trend Creating Growth Prospects –

The Associated General Contractors of America (AGC) assessed that the construction industry has a total number of 680,000 employers and 7 million employees with a valuation of nearly $1.3 trillion annually. This is coupled with the fact that the U.S. construction industry is focusing more on labor and employee safety nowadays, which is causing an expansion of the protective clothing market size in the country.

The Mexico Construction Industry Contributing to the North America Protective Clothing Market Share –

The growth prospects for vendors to increase their protective clothing market share in North America can be understood by the fact that Mexico’s construction industry has been attributed as the most propitious investment sector by the International Trade Administration (ITA). The organization has assessed the productivity of building materials and services, which reflects the growth of the Mexico construction industry. According to the Mexico building materials and services statistics by ITA, the total production had translated to $90.3 billion in 2017, and the industry grew by 4.7% year on year. Furthermore, the organization has estimated the valuation will be $90.8 billion in 2018. This indicates that there is a tangible demand for PPEs from the Mexico construction industry, because of which the protective clothing market is booming.

Protective Clothing Market to Gain Traction from Canada Construction Industry –

According to the Government of Canada, the country’s construction industry employs 1.2 million men and women. Moreover, the industry breached $14.8 million as of April 2019, according to the latest findings by the government. The booming construction industry in Canada coupled with the exuded emphasis on safety of workers, is creating a demand influx in the North America protective clothing market.

· The Flourishing U.S. Oil & Gas and Other Manufacturing Industries Creating a Significant Demand for Protective Clothing –

Crude Oil is produced in nearly 32 states of the U.S. coastal waters that include Texas, North Dakota, New Mexico, Oklahoma, and Alaska. Moreover, the U.S. is among the top 5 crude oil-producing countries with a share of 13.2% of the total production, according to the U.S. Energy Information Administration. With the upsurge in shale oil drilling activities in the country, the oil & gas production will witness further growth. This will make a significant impact on the protective clothing market. Similarly, other industries, such as chemical and pharmaceutical, are booming in the U.S., which is creating a demand for protective clothing. 

· The U.S. Military: A Lucrative Protective Clothing Marketplace –

According to the Council on Foreign Relations (CFR), the U.S. Military is comprised of 1.29 million men and women. The military department uses a variety of protective clothing, and so, the number of people employed in the U.S. Military creates substantial revenue sources for the vendors in the North America protective clothing market. 

· The North America Healthcare Industry Creating Profitable Prospects in the Protective Clothing Market –

Countries of North America, especially the U.S. and Canada boast of the most advanced healthcare facilities, and the healthcare sector is a major consumer of protective clothing as physicians, surgeons, nurses, and other HCPs are equipped with the protective clothes.

The Contribution from the U.S. Healthcare Sector towards North America Protective Clothing Market Growth –

According to the MedAlertHelp, the U.S. healthcare is $3,504 trillion worth currently (2019). This creates lucrative prospects for the vendors in North America protective clothing market to prosper.

The Scope for Protective Clothing Market in Canada Healthcare Industry –

The Canadian Institute for Health Information (CIHI) projected that the total health expenditure in Canada is poised to reach $253.5 billion by the end of 2018. This is evidence of the booming healthcare sector in Canada, which is also offering opportunities to the protective clothing market.

Apart from the industries mentioned above, chemical and pharmaceutical industries played a vital role in increasing the North America protective clothing market share.

Protective Clothing Market – The Global Scenario and Growth Drivers:

· The Manufacturing Industry: The Key Application Segment in the Protective Clothing Market –

The application of protective clothing in the manufacturing industry is poised to grow at a profitable CAGR of 5.5% through to 2025. This is attributable to the propelling manufacturing industry, especially chemical and pharmaceutical across the globe, which will also play a vital part in fulfilling SDGs by the U.N. According to the latest findings by the World Bank, the manufacturing industry contributes 15.692% to the world’s GDP. After a decline during the economic crisis in early years of the 2010-decade, the industry has garnered pace, which is creating a myriad of opportunities in the associated markets, and the protective clothing market is leveraging on the demand growth.

Another factor because of which there is an increase in the protective clothing market revenues in the manufacturing industry is the palpable emphasis on safety over the last two decades. According to the International Labor Organization (ILO), more than 2.78 million deaths are reported per year as a result of occupational accidents, and there are 374 million non-fatal work injuries. This has made it imperative for manufacturing plants to equip labors with proper PPEs, and therefore, the protective clothing market is thriving in this application segment. Furthermore, the global industrial health & safety organizations such as Occupational Safety and Health Administration (OSHA) and HSE (Health & Safety Executive) along with other governmental bodies in the niche are instilling stringent regulations about the safety of working professions in the manufacturing units, which is also driving the protective clothing market.

· The Global Oil & Gas Sector and the Catapulting Shale Drilling Activities to Create a Definite Demand Influx in the Protective Clothing Market –

According to the Organization of Petroleum Exporting Countries (OPEC), the demand for oil & gas is poised to escalate from 145.7 mboe/d in 2015 to 186.9 mboe/d 2040. So, the forecast period is going to observe an increase in oil & gas production. This also resonates with the growing shale drilling activities in the North American and South American oil reserves. As mentioned above, refineries are highly vulnerable to safety incidents, and thus, the production units utilize an enormous amount of protective cloths such as boiler suits, hand gloves, and others. The oil & gas industry growth is surely going to create massive opportunities in the protective clothing market.

· The Anticipated Growth of the Mining Industry to Positively Impact the Protective Clothing Market –

The growth of the global mining industry can be fathomed by the demand influx in the mining equipment market, which had a valuation between $100 billion and $105 billion in 2018. Furthermore, the industry is poised to witness growth at a CAGR of 5% over the forecast period 2019-2025. This is attributable to an inflated demand in the metals industry. For instance, the iron & steel market is creating a rapid surge in the mining industry. The upcoming years foresee more mining activities, which will bring opportunities for the protective clothing market players.

· The Future Growth of the Global Construction Industry and its Effect on the Protective Clothing Market Value –

According to the Global Construction Perspectives and Oxford Economics, the global construction industry is set to breach $8 trillion in revenues by the end of 2030. In this, the booming U.S., China, and India construction industry will play a crucial role. This is attributable to the burgeoning construction activities due to the demand for more production units, commercial offices, and housing facilities. Furthermore, the infrastructure investment gap of $94 trillion by 2040 as envisioned by Global Infrastructure Hub is going to bolster the construction industry, which will create a sustainable global protective clothing marketplace. 

· The Booming Healthcare Industry Supporting the Protective Clothing Market –

The healthcare industry is making strides across the globe, and it is quite evident with the fact that the share of healthcare expenditure in the world’s GDP is perpetually growing since 2011. In 2016, the health expenditure bore 10.021% of the world’s GDP, according to the World Bank. As mentioned above, HCPs working in healthcare facilities are equipped with protective clothing, and the growth of the healthcare industry will result in an expansion of the protective clothing market size.

Talk to one of our sales representative about the full report by providing your details in the link below:

https://www.industryarc.com/support.php?id=11684

Protective Clothing Market: Competitive Landscape

The major protective clothing market players striving to increase their revenues are ASATEX AG, Sioen Industries NV, Australian Defense Apparel, Bulwark Protective Apparel, Ansell Limited, E. I. du Pont de Nemours and Company, Kimberly-Clark Corporation, Globe Manufacturing Company, LLC, Lakeland Industries, Inc., Lion Apparel, Inc., Workrite Uniform Company, Inc., PBI Performance Products, Inc., Koninklijke Ten Cate NV, Teijin Limited, Westex, Inc., Waxman Fibers Limited, and W.L. Gore and Associates, Inc.

Related Reports:

A. Eco Fibers Market

https://www.industryarc.com/Report/15169/eco-fibres-market.html

B. Fiber Intermediates Market

https://www.industryarc.com/Report/1300/fiber-intermediate-market-analysis.html

About IndustryARC:

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.