Albany, NY -- (SBWIRE) -- 05/11/2017 -- The global law enforcement and firefighting protective clothing fabrics market has been anticipated to exhibit a low threat of new entrants due to significant shares accounted by dominant players and expensive startup costs and capital requirement. Since flame-resistant fabrics are required to clear strict government norms and there is an absence of practicable alternatives taking precedence, the threat of substitutes could stay on the lower side in the world law enforcement and firefighting protective clothing fabrics market. Players such as Milliken & Company and TenCate operating with a robust brand equity have been prognosticated to attain a telling share in the world law enforcement and firefighting protective clothing fabrics market.

As per the statistics achieved by Transparency Market Research (TMR) in a latest report, the world law enforcement and firefighting protective clothing fabrics market could rake in a revenue of US$1.67 bn by the end of 2024. In 2016, the world law enforcement and firefighting protective clothing fabrics market had earned US$1.0 bn. The CAGR that has been expected on the part of the forecast period 2016–2024 is 6.5% for the world law enforcement and firefighting protective clothing fabrics market. The military application could register a towering CAGR of 7.1% in the world law enforcement and firefighting protective clothing fabrics market. Although Europe may lose some of its share in the world law enforcement and firefighting protective clothing fabrics market in future, it has been predicted to secure a stronger share of almost 33.0% by 2024.

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Multiple Advantages of Protective Clothing Shoot up Demand in Military Applications

The elevating demand for protective clothing, such as those prepared from flame-resistant fabrics, in military applications has been envisaged to set the tone for a reliable growth in the international law enforcement and firefighting protective clothing fabrics market. Advantages such as protection from fire, harmful chemicals, firearms and projectiles, and extreme temperatures and survival assistance in biological environments could be key in surging the demand in the international law enforcement and firefighting protective clothing fabrics market. Other factors such as incessant innovation in the fabrics of protective clothing and tight government laws and test methods have been foretold to fortify the growth of the international law enforcement and firefighting protective clothing fabrics market.

High Price of Protective Clothing Fabrics Throws Spanner in Works

The exorbitant cost of protective clothing fabrics compared to conventional materials could upset end users and garment manufacturers in the worldwide law enforcement and firefighting protective clothing fabrics market. Fabrics share more than 50.0% of the initial cost of finished goods. Furthermore, the manufacturing technology is expensive and proprietary, as is the certification process for attesting conformity to test standards. Besides this, the lack of enforcement of government norms in emerging economies has been foreseen to delay the growth of the worldwide law enforcement and firefighting protective clothing fabrics market.

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However, the intense potential of the worldwide law enforcement and firefighting protective clothing fabrics market to expand in developing geographies such as Asia Pacific could raise the hopes of industry participants. More opportunities have been projected to take shape in the worldwide law enforcement and firefighting protective clothing fabrics market with the employment of smart textiles in protective clothing.

While the nature of the world law enforcement and firefighting protective clothing fabrics market could be fairly competitive, the degree of competition has been prophesied to remain high until the concluding forecast year. Large-scale manufacturers practicing integrated operations could be less affected by volatility in raw material prices due to their unchallenging access to raw materials.

The global law enforcement and firefighting protective clothing fabrics market has been segmented as presented below:

Global Law Enforcement and Firefighting Protective Clothing Fabrics Market: Application Analysis
-Police
-Fire Service
Turnout Gear
Wildlands Gear
Station Wear
-Ambulance/EMT
-Military