How Advanced Protective Clothing and Equipment market Increasing?
Advanced Protective Clothing is used in various field of life. It need for Industry, Sports, Aviation, Road safety else where. Now a days it has high demand in Medical field too due to Corona attack.
Why Market of Advanced Protective Clothing is increasing?.
The demand for the Advanced Protective Clothing, Gear and Armor products is expected to go up in the coming years,
Upcoming integration of technology with these products and also, the continuous improvements taking place in this particular field.
The primary driving factors of this phenomenal growth of the Advanced Protective Clothing market is the increasing emphasis being given to reducing professional hazards.
And at the same time, increasing the safety and protection of the workforce in industrial as well as non-industrial sectors
Why Advanced Protective Clothing market is increasing?
The recent Government over the world has issued Policies and Standards regarding the compulsory provision of protective equipment like Advanced Protective Clothing to industry personnel have reinstated.
The need for accountability in hazardous events or accidents at work sites. These regulations have forced the corporates and multinationals to take the safety initiatives seriously.
For this purpose, many have started investing in Personal Protective Equipment (PPE) and Advanced Protective Clothing as part of the industry standard and norm.
Among Equipment Advanced Protective Clothing is a essential part.It is used for road safety too. We often hear the news of road accident, water based game or rescue accidents or more.
The Protective Gear and Armor market is really big, complex and extremely fragmented. Advanced Protective Clothing is a small part of Personal Protective Equipment (PPE).
These products are available for all kinds of industry or type of material requirement.
Now, these requirements could vary depending on the type of industrial sector which could vary from mining, drilling, construction, to scientific or medical purposes.
The other similar requirements are meant for sports, defense and natural/manmade disasters.
The current focus of this market is on designing, manufacturing and production the right kind of product, rather than emphasizing on intensive supply and distribution of the same.
Clearly, the market is yet to reach its optimum potential.
Hub of Advanced Protective Clothing Industry
The domain of Advanced Protective Clothing and Equipment is predominantly well-established in North America, with U.S leading the market by holding a $4.8 billion worth stand as of 2014.
The U.S market for PPE is expected to reach a staggering figure of $5.9 billion in the next five years with a compounded annual growth rate (CAGR) of 4.4%.
Interestingly, more than 50% of the Global demand for PPE is specifically from North America. China is another big player of Advanced Protective Clothing production in these days.
Hence, after studying the market thoroughly, it has estimated that the global market of Protective Gear and Armor is projected to be worth $8 Billion by the end of 2019 with a CAGR of 6% from 2013-2019.
Types of Advanced Protective Clothing
Now this market has been analyzed on the basis of multiple market segments.
Here are few list of Advanced Protective Clothing used
- product type,
- type of users (industrial and personal users),
- type of industry (military, commercial, industrial, science and technology, agriculture, etc.),
- nature of hazards (extreme cold or hot events, ballistic and mechanical, chemical, biological and Radiation),
- protective clothing material (kevlar, nomex, polymide, fiberglass, flame retardant cotton etc.) and finally,
- market share analysis in multiple regions (North America, Latin America, Asia-Pacific, Middle East and Africa).
The report made by Mordor Intelligence consists of a detailed account of the Personal Protective Equipment and Clothing (PPEC) market, market size, market share and volume (units produced yearly).
The report also describes the role of various industry policy and standards, changing industry dynamics, innovation in technologies, fabrics, and raw materials in the market.
Other parameters explained in the report include investment opportunities, future trends and projections of the protective gear and armor market.
An in-depth analysis and quantitative assessment based on each product segment : Primary (Gear, Armour , Gloves, Respirators and Breathing sets, Helmets, Protective suits, Shields, Goggles and Faceshields,
Advanced Protective Clothing and Padded vests) and Ancillary (Heads, Caps, Masks) is included in the report.
As observed, the leading players in the PPEC market so far have been 3M, Kimberly-Clark, Royal TanCate, Honey International, Teijin Armid and many others.
Small regional players and new entrants have also gained a considerable amount of visibility in the market over the past decade.
The report also includes company profiles, products and services, business models, key strategies, developments and company acquisition information to provide a holistic understanding of the market and for aiding the potential investors in making well-informed business decisions.