Protective Clothing Market Size, Growth Factors, Top
Leaders, Trends, Analysis, Competitive Landscape and Regional Forecast 2027
According
to Fortune Business Insights™, the study further states that, the global protective
clothing market
size was USD 12.48 billion in 2019 and is projected to reach USD
34.31 billion by 2027, exhibiting a CAGR of 14% during the forecast
period.
The
protective clothing market is anticipated to be driven by the rising government
norms worldwide to maintain workplace safety, especially in the manufacturing,
food processing, construction, healthcare, and chemical industries. Also, the
increasing cases of accidental injuries and mortalities would affect the market
positively.
The
study further states that the protective clothing market size was USD 12,481.0
million in 2019 and is projected to reach USD 34,316.9 million by 2027,
exhibiting a CAGR of 14% during the forecast period.
Fortune
Business Insights™ lists out the names of all the organizations present in the
global protective clothing market. They are as follows:
Report
Aim & Scope:
Drivers
& Restraints-
The
Effects of Covid-19 Pandemic on the Market
Regional
Analysis-
North
America to Dominate Fueled by Strict Laws by OSHA Regarding Workers’ Safety
The
market is regionally categorized into the Middle East and Africa, Latin
America, Asia Pacific, Europe, and North America. Out of these, North America
procured USD 4,677.9 million revenue in 2019. It is set to dominate throughout
the forecast period. This growth is attributable to the rising number of
stringent norms put forward by the Occupational Safety and Health
Administration (OSHA) to ensure workers’ safety. The organization has formed
certain safety standards associated with industrial disasters, such as
manufacturing machinery failures, fires, and others. Asia Pacific would grow
rapidly backed by the rising rates of occupational accidents in the developing
countries, such as South Korea, India, and China.
Segment-
Rising
Usage of Protective Clothing to Prevent Injuries will Drive the Chemicals
Segment
Based
on end use, the market is fragmented into oil & gas, firefighters,
chemical, pharmaceutical, and others. Amongst these, the chemical segment is
expected to procure the largest share owing to the increasing usage of
protective clothing in the chemical industry for preventing injuries caused by
hazardous chemicals, such as cleaning agents, degreasers, and paints. Besides,
workers in several industries are nowadays exposed to various types of toxic
chemicals. The oil & gas segment, on the other hand, held 13.5% protective
clothing market share in 2019.
Competitive
Landscape-
Key
Manufacturers Aim to Enhance Portfolio through Acquisitions
A
large number of manufacturers and distributors are mainly focusing in the
development of more sustainable and recyclable materials for a wide range of
industries. They are also adopting the set of norms provided by government
agencies worldwide. In addition to that, they are following the strategy of
mergers and acquisitions to broaden their product portfolio & serve their
consumers better.
Below
are two of the latest industry developments:
Browse
Summary of This Research Report:
https://www.fortunebusinessinsights.com/protective-clothing-market-102707
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