Albany, NY -- (SBWire) -- 12/03/2018 --The global market for law enforcement and firefighting protective clothing fabrics is well-established with consistent demand from nearly all of the established economies across the world. There are a large number of small and large players active in this market, making for a fragmented competitive landscape, although there is enough fodder for all the players as several economies continue to extend their defense budget. Moreover, factors such as growing incidences of terrorism and protests, advancements in the technology that has led to advanced equipment and fabrics, and safety protocols are expected to positive influence the demand in the near future. According to the report, the global law enforcement and firefighting protective clothing fabrics market had an opportunity worth US$954.6 mn in 2015. Expanding robustly at a CAGR of 6.5% during the forecast period of 2016 to 2024, the opportunities in this market are projected to rise up to US$1.67 bn by 2024.
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Increasing Terrorism Acts Escalating Demand in Europe
Geographically, the global law enforcement and firefighting protective clothing fabrics market is segmented into North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific. Out of these, Europe is quickly emerging as a most lucrative region, holding 33.6% of the shares in 2015, and promising to increment the demand during the forecast period, owing to radically increased acts of terrorism in the countries such as France, Germany, Belgium, and the U.K. France, in particular, heavily depends on tourism and hence, ensuring safety is paramount for their economy, Governments in France and other European countries are adding to their number of policing personals and taking aggressive steps in order to restore tourists faith and thereby escalating the demand for law enforcement and firefighting protective clothing fabrics.
Military Segment Serves Maximum Demand
Based on application, the global law enforcement and firefighting protective clothing fabrics market is segmented into police, Ambulance or EMT, Military, and fire service, which has been further sub-segmented into turnout gear, wildlands gear, and station wear. Out of these, military law enforcement market segment continues to serve the maximum demand, accounting for 40% of the requirement in 2015. With increasing terrorism incidences, the need to neutralize an occurring incidence as well as maintain the prosperity, several governments across the world have extended their military budget. The key to this segment is to innovate and produce products that not only provide enhanced protection, mobility is also asserted on. Owing to the essentiality of the global market for law enforcement and firefighting protective clothing fabrics, the defense sector receives substantial support from governments, which is augmenting the production rate and research and development in this field.
As far as firefighting segment is concerned, future prospects are inspiring with global warming causing drier climate and thereby creating situations that are prone to fire. Moreover, rapid urbanization and industrial hazard is further adding to the demand for protective clothing fabrics.
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Among the prominent players in the global law enforcement and firefighting protective clothing fabrics market are Teijin Aramid B.V., Milliken & Company & Glen Raven, Inc., Koninklijke Ten Cate NY, Solvay S.A., Gunei Chemical Industry Co., Ltd., and PBI Performance Products Inc.
Law Enforcement and Firefighting Protective Clothing Fabrics Market to Witness Exponential Growth : 2024