Monday, 21 March 2016

Global Industrial Protective Clothing Market to Exhibit 11.5% CAGR 2013-2019, APAC and RoW Markets to Expand Fastest : TMR

Transparency Market Research (TMR) announces the release of a new market study, detailing the global industrial protective clothing market. Titled ‘Industrial Protective Clothing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,’ the report contains a granular overview of all factors affecting the growth trajectory of the global industrial protective clothing market and a detailed look at all segments of the market.

According to TMR analysts, the global industrial protective clothing market was valued at US$1.7 bn in 2012 and is expected to more than double in valuation by 2019, exhibiting an 11.5% CAGR from 2013 to 2019. The market is expected to be valued at US$3.5 bn in 2019. The report is available for sale on TMR’s official website.

The rise in the valuation of the global industrial protective clothing market is mainly due to the booming chemicals industry in developing regions, along with the rising awareness about workplace safety in various other industries. The chemicals industry accounted for 35% of the global industrial protective clothing market in 2012 in the form of widespread demand for chemical defending garments. Other major application segments of the global industrial protective clothing market are flame-retardant apparel, cleanroom clothing, and others.

Cleanroom clothing is expected to be the fastest growing segment of the global industrial protective clothing in the aforementioned forecast period. The rising demand for immaculately clean work environments in the food and beverage and pharmaceuticals industries and in medical research has propelled the demand for cleanroom clothing in recent years. The flame-retardant apparel segment of the industrial protective clothing market is driven by the rising threat of fire in various industrial environments.

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The industrial protective clothing market has been helped massively by the strong regulatory support for protective clothing. Organizations such as the Occupational Safety and Health Administration and other health and safety organizations have consistently endorsed the use of industrial protective clothing to minimize the chances of workplace accidents. This has given a strong impetus to the global industrial protective clothing market.

The strong influence of health and safety organizations, which has resulted in widespread awareness about industrial protective clothing, has led to North America emerging as the largest regional segment of the global industrial protective clothing market in 2012. The North America industrial protective clothing market accounted for 50% of the global market. Steady recovery from the recent economic slowdown in Europe will allow the Europe industrial protective clothing market to exhibit a steady growth rate in the coming years.

However, the global industrial protective clothing market is expected to be driven by the Asia Pacific and Rest of the World markets in the coming years. Emerging economies in these two regions, such as India, China, South Korea, and Brazil have experienced rapid industrialization in recent years, leading to a steady demand for industrial protective clothing. While large-scale regulatory support for industrial protective clothing is still somewhat lacking in emerging countries, the industrial protective clothing markets in Asia Pacific and Rest of the World are expected to exhibit the fastest growth rates of all regional segments in the coming years nevertheless.

Major industrial protective clothing manufacturers profiled in the report include Honeywell Safety Products, Kimberley-Clark, Mine Safety Appliances Company, and Ansell Protective Solutions.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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