Pune, India -- (SBWIRE) -- 09/26/2018 -- Protective Fabrics Market Overview to 2023
The global protective fabrics is a lucrative market and are expected to grow at a considerable CAGR. Protective fabrics are worn to shield oneself from the adverse effects of chemicals, thermal, mechanical, and other hazards. The growing regulation on work safety such as Occupational Safety and Health Act (OSHA) is expected to be a major market driving factor during the forecast years. Among the various type of segments in the Protective fabrics market, fire and heat resistant fabrics are expected to be the fastest growing type during the forecast period. The advantages of this fabric such as high flame and thermal resistance make them ideal for the use in law enforcement, military, and firefighting applications. Building and construction is the dominant end-user industry and is expected to show the same trend during the forecast years. The properties such as high tensile strength, durability, abrasion resistance, and solvent resistance make them suitable for the building and construction end-use industry. Moreover, the healthcare industry is expected to be the fastest growing segment during the forecast years. The growing demand for safe and protective medical applications is significantly contributing to the growth of the segment.
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The launch of new fibers coupled with the combination improved design and specifications in protective fabrics market is anticipated to be a major opportunity for market growth. Protective fabrics are extensively used in various end-use industries such as building and construction, oil and gas, firefighting, and military & defense. However, the high cost of raw materials coupled with the growing threat of substitution is anticipated to hinder the growth of the market over the review period.
Global Top 10 Key Players:
Some of the prominent players operating in the global protective fabrics market are 3M Company (U.S.), Koninklijke Ten Cate NV (Netherland), Teijin Limited (Japan), Lakeland Industries, Inc(U.S.), Strike, SL (Spain.), DuPont (U.S.), Glen Raven, Inc. (U.S.), W. L. Gore & Associates, Inc.(U.S.), and Klopman International. (Italy) among others.
Geographical Analysis:
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Intended Audience:
Protective fabrics market manufacturers
Traders and Distributors of protective fabrics market
Production process industries
Potential investors
Raw material suppliers
Nationalized laboratory
Regional Analysis:
The protective fabrics market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the significant share of the market and is expected to be the fastest growing region with an encouraging CAGR. Growing urbanization and the globalization of the developing nations are primarily driving the growth of the protective fabrics market. Moreover, the burgeoning construction and the oil and gas industry in countries, such as India and China, is increasing the demand for protective fabrics which, in turn, is propelling the market growth.
The European marekt is mainly driven by the developed healthcare and firefighting industry. Moreover, growing stringent EU regulations regarding the industrial hazards has fuelled the use of protective fabrics market in the region. Moreover, the growing use in the construction industry is another factor fueling the market growth. Furthermore, the recent terrorism in the region has resulted in the increased investment in the defense budget, which is further expected to surge the growth of protective fabrics market. Protective fabrics are extensively used in the production of tactical vest, body armor, and military vehicles among others.
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North America is another dominant region in the global market, exhibiting an expanding CAGR. The presence of strict government regulations regarding the safe working environment is driving the market growth further .Moreover, the high adoption rate coupled with the developed end-use industries such as healthcare and firefighting among others are expected to add to the growth of the market substantially. The growing technological advancement in the region, especially in the U.S., is further expected to boost the market demand in the region.
Segmental Analysis:
The global protective fabrics market is segmented into the material, type, and end-user. On the basis of the material, the market is segregated into aramid, polyolefin, polyamide, PBI, cotton fibers, polyesters, and others. The market by type is categorized into fire & heat resistant fabrics, chemical resistant fabrics, UV resistant fabrics, and others. The market by end use industry is further segregated into oil & gas, building & construction, healthcare/medical, law enforcement and military, and others.