The global Industrial Protective Fabrics market has been growing at a healthy rate, and is expected to follow the same growth trail in the near future. The recent market research created by TMRR finds that the global Industrial Protective Fabrics market is estimated to reach a value of ~US$ xx Bn/Mn in 2019, up from ~US$ xx Bn/Mn in 2018, at y-o-y of xx%. Further, the report suggests that ongoing innovations, increasing disposable income, and rising demand from consumers are set to fuel the Industrial Protective Fabrics market at a CAGR of xx% over the forecast period 2019-2029.
Each player enclosed in the Industrial Protective Fabrics market report is assessed according to its strengths, weaknesses, opportunities and threats. In addition, the report focuses on the nature of the vendors, including product expansion, product launches, acquisitions, partnerships, and market tactics.
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The industrial protective fabrics market has a highly competitive and fragmented vendor landscape due to the presence of numerous companies in the market. Some of the key players in the industrial protective fabrics market include DowDupont, Milliken & company, Teijin Limited, W. Barnet GmbH & Co. KG, and TenCate Protective Fabrics. Additionally, these players are involving into a merger, acquisitions, new product launches, and partnerships in order to cater to the growing demand for these protective fabrics.
- In 2016, HexArmor Company has introduced the series of gloves, which offer enhanced gripping options and provide users and compatibility with high temperature and pressure.
- In 2018, DuPont Company has launched garments made with Nomex fibers, which have an advanced performance during protection worker from fire and thus, considered as personal protective equipment (PPE).
Global Industrial Protective Fabrics Market: Key Trends
Protective clothes are aimed to protect a person to contact with the surrounding temperature, fire, and chemical exposures. Thus, the clothing manufactured from these fabric has robust applications across fire & heat resistant, cold resistant, chemical resistant, UV resistant, and ballistic & mechanical resistant. Rising mishaps and accidents across industries are encouraging adoption of the industrial protective fabric-based clothing is driving the growth of the global industrial protective fabric market.
Additionally, numerous governments and governmental bodies such as Occupational Safety and Health Administration (OSHA) of the U.S. and Health and Safety Executive (HSE) of the UK are considering safety as a key part to save lives from industrial mishaps. Thus, these bodies have imposed stringent regulations and taking initiatives to improve workplace safety of workers, which has encouraged industries to adopt numerous safety precautions. Additionally, these bodies have made first aid and safety kit mandatory on production plant. These regulations are resulting in an increased level of awareness about safety and use of protective fabrics. The aforementioned factors are fuelling growth of the global industrial protective fabric market.
However, the high cost of protective clothing and the adoption of alternatives are limiting the market’s growth. Additionally, lack of awareness and carelessness toward the use of these products are posing as a challenge to the growth of the global industrial protective fabric market. Nevertheless, widening industries such as oil & gas and pharmaceuticals are expected to provide opportunities to the industry players across the developing countries.
Global Industrial Protective Fabrics Market: Regional Outlook
Regionally, the industrial protective fabrics market could be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Of these, Asia Pacific is expected to be dominant regions in the industrial protective fabrics market in terms of demand, revenue, and consumption by the end of the forecast period. This growth is attributable to the rising production of electric vehicles mainly in the developed region coupled with rapid industrialization in developing countries such as India and China.
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The Industrial Protective Fabrics market research answers important questions, including the following:
- What manufacturing techniques are being implemented by market players for developing Industrial Protective Fabrics ?
- Why the demand for the Industrial Protective Fabrics gradually decreasing in region?
- How many units of Industrial Protective Fabrics are estimated to be sold in 2019?
- Why governments are imposing restrictions on the use of Industrial Protective Fabrics ?
- Which country in region is expected to hold the largest share by 2029?
The Industrial Protective Fabrics market research provides the below-mentioned data in a critical manner:
- Adoption trend and consumption behavior across various industries and consumers respectively.
- Factors (Positive and Negative) influencing the global Industrial Protective Fabrics market.
- Product launches, mergers & acquisitions, and revenue of each Industrial Protective Fabrics market player.
- Growth outlook of the global Industrial Protective Fabrics market in terms of value and volume.
- Regulatory standards imposed on the application of Industrial Protective Fabrics .
And many more …
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This post was originally published on Analytics News