MRRSE announces addition of new report "Law Enforcement and Firefighting Protective Clothing Fabrics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024" to its database
Albany, NY -- (SBWIRE) -- 01/20/2017 -- Global Law Enforcement and Firefighting Protective Clothing Fabrics Market: Snapshot
The primary driver augmenting the growth rate of the global law enforcement and firefighting protective clothing fabrics market currently, is the growing scope of use of these fabrics in multiple military applications. The market is also being propelled in terms of scope of applications by a speedy rate of innovations and incorporation of the latest technologies in fabrics. Another factor driving the global law enforcement and firefighting protective clothing fabrics market is government support in the forms of investments as well as the consolidation of regulations and mandates for product testing and safety protocols. However, high cost of these fabrics is currently restricting the overall growth rate of the market.
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The global law enforcement and firefighting protective clothing fabrics market is expected to expand at a CAGR of 6.5% within a forecast period from 2016 to 2024, in terms of value. In 2015, this market had checked in at US$954.6 mn and by the end of 2024, it is expected to reach US$1.67 bn.
Exceptional Growth in Demand in North America and Asia Pacific
From a geographical perspective, the global law enforcement and firefighting protective clothing fabrics market can be segmented into North America, Europe, Asia Pacific, and the rest of the world. In 2015, this market was led by Europe with 33.6% of the market. However, the overall growth rate of the law enforcement and firefighting protective clothing fabrics market in Europe is expected to remain moderate over the coming years. The demand for these fabrics in Europe has been high for a considerable while but its growth rate is nearing maturity. North America, on the other hand, is showing a massive surge in its demand for law enforcement and firefighting protective clothing fabrics, primarily in its military and firefighting segments of the defense sector. Intense research and development activities are being conducted fueled by both government as well as private investments.
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Asia Pacific leads the global law enforcement and firefighting protective clothing fabrics market in terms of growth rate in demand, owing to a booming industrial sector and the need to maintain a greater level of safeguard against all threats to civilians and industries.
Military Continues to Show High Demand for Law Enforcement and Firefighting Protective Clothing Fabrics
The various application segments of the global law enforcement and firefighting protective clothing fabrics market include the military, ambulance/EMT, fire service, and police. In 2015, a leading volume of nearly 40% of the revenue generated in this market was attributed to the military. This demand is borne out of the fact that military personnel form the leading units in defense and law enforcement that are regularly exposed to harsh environments and militant threats. It is key for the military to be provided with the latest gear and clothing fabrics for them to function at their optimum level. Due to the integral nature of the global law enforcement and firefighting protective clothing fabrics market with the defense sector, this market receives substantial support from governments in terms of production rate boosts and research and development assistance.
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On the other hand, firefighting services across the world are expected to show a fast rate of growth in demand in the global law enforcement and firefighting protective clothing fabrics market. Global warming is resulting in drier climate in large areas across the globe, creating situations prone to fires. The growing number of cases of urban, industrial, and forest fires are contributing to the growth in demand for the latest in firefighting clothes and gear.
The leading players operating in the global law enforcement and firefighting protective clothing fabrics market include Koninklijke Ten Cate NY (TenCate), Teijin Aramid B.V., National Safety Apparel, W.L. Gore & Associates, Gunei Chemical Industry Co., Ltd. Milliken & Company & Glen Raven, Inc. PBI Performance Products Inc., Solvay S.A.
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