Portland, OR, Nov. 26, 2019 (GLOBE NEWSWIRE) -- The global protective clothing industry contributed $7.98 billion in 2018 and is estimated to reach $12.95 billion by 2026, witnessing a CAGR of 6.2% during the forecast period, 2019–2026. The report offers an extensive analysis of drivers & opportunities, key segments, competitive scenario, key winning strategies, and market size & estimates.
Increase in demand from end-user industries, stringent government regulations, and rise in investments in research and development activities are the major factors that drive the growth of the global protective clothing market. Whereas, high cost related to manufacturing hampers market growth. On the other hand, untapped potential in emerging economies provides lucrative opportunities in the market.
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Based on material type, the market is segmented into aramid & blends, polyolefin & blends, polybenzimidazole, cotton fibers, laminated polyesters and others. The aramid & blends and polyolefin & blends segments together held the largest market share in terms of revenue in 2018, accounting for more than half of the total market share. Furthermore, these segments would continue to maintain their dominance throughout the forecast period.
Based on the application, the market is divided into thermal, mechanical, chemical, radiation and others. The radiation segment is estimated to grow at the highest CAGR during the forecast period. On the basis of end-user, the research bifurcates the market into oil & gas, construction & manufacturing, pharmaceuticals, law enforcement & military, firefighting and others. The oil & gas segment is expected to grow at the highest growth rate over the forecast period.
Based on region, North America contributed for the highest market revenue share in 2018, contributing for nearly two-fifths of the global protective clothing market, and will continue its lead in terms of revenue during the forecast period. On the other hand, Asia-Pacific is estimated to witness the highest growth rate with a CAGR of 6.7% from 2019 to 2026.
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The leading market players analyzed in the report include 3M Company, Lakeland Industries, Inc., E. I. du Pont de Nemours and Company, W. L. Gore & Associates, Workrite Uniform Company, Inc., Cetriko, Lakeland Industries, Inc., Ballyclare Limited, Glen Raven, Koninklijke Ten Cate NV, and Teijin Limited.
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