Global Protective Clothing Market to Reach $12.5 Billion by 2026
SAN FRANCISCO, June 2, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Protective Clothing - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 12; Released: May 2021
Executive Engagements: 14290
Companies: 782– Players covered include 3M Company; Alpha Pro Tech Ltd.; Ansell Limited; Ansell Protective Solutions AB; BALLYCLARE LIMITED; Cardinal Health, Inc.; CETRIKO S.L.; Delta Plus Group,; Derekduck Industries Corp.; DuPont; GLEN RAVEN INC.; Grolls (Sweden); Honeywell International Inc.; International Enviroguard Inc; Johnson Controls; JSP Ltd. (UK); Kappler Inc.; Kimberly Clark Corporation; KONINKLIJKE TEN CATE NV; LAKELAND INDUSTRIES, INC.; Lindström Group; MCR Safety; MSA Safety; Polison Corporation; Radians, Inc.; Saf-T-Gard International, Inc.; Sanctum Work Wear Pvt. Ltd.; Udyogi International and Others.
Coverage: All major geographies and key segments
Segments: Material Type [Aramid & Blends, Polyolefin & Blends, Polybenzimidazole (PBI), Cotton Fibers, Laminated Polyesters, Other Material Types]; End-Use (Construction & Manufacturing, Oil & Gas, Law Enforcement & Military, Firefighting, Healthcare, Other End-Uses)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.
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ABSTRACT-
Global Protective Clothing Market to Reach $12.5 Billion by 2026
Protective clothing is referred to as specialized garments that play major role in ensuring worker safety, particularly in hazardous working environments, to minimize accident and fatality rates. The clothing is a part of the larger personal protection equipment (PPE) market that mainly includes disposable and durable products with different applications. Protective clothing protects the wearer against occupational hazards and effects of asbestos, bruises, chemicals, cuts, dry particles, electric arc flash, fire, flame, intense heat, lead and mold. The clothing is specifically designed to offer protection from toxic fumes, chemicals, heat and radiations that bring potential health risks like skin irritation, loss of vision, pulmonary ailments and cancer. Amid the COVID-19 crisis, the global market for Protective Clothing estimated at US$8.7 Billion in the year 2020, is projected to reach a revised size of US$12.5 Billion by 2026, growing at a CAGR of 6.1% over the analysis period. Aramid & Blends, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$4.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Polyolefin & Blends segment is readjusted to a revised 5.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.6 Billion in 2021, While China is Forecast to Reach $1.6 Billion by 2026
The Protective Clothing market in the U.S. is estimated at US$3.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2026 trailing a CAGR of 7.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 5.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR. Safety standards and requirements implemented by leading regulatory agencies such as Occupational Safety and Health Administration (OSHA), especially in North America and Europe, are major drivers for the protective clothing market. In addition, conventions about worker health & safety coupled with practices like total quality management (TQM) are boosting demand for protective clothing. Regulatory agencies have made it mandatory for organizations to comply with standards related to worker safety at workplaces. The strict regulatory framework across mature economies such as the US and the UK is compelling industries to follow guidelines and rules to avoid occupational hazards.
Polybenzimidazole (PBI) Segment to Reach $2.2 Billion by 2026
In the global Polybenzimidazole (PBI) segment, USA, Canada, Japan, China and Europe will drive the 6.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$1.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$128.5 Million by the year 2026, while Latin America will expand at a 6.8% CAGR through the analysis period. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world's only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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Global Industry Analysts, Inc.
Phone: 1-408-528-9966
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Email: [email protected]
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SOURCE Global Industry Analysts, Inc.
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