Protective Fabrics Market 2019 Share Prospectus, Key Players, Current Size Scenario, CAGR Projection, Focused Regions, Applications and Development Scenario 2023
Global Protective fabrics market research information: material (Aramid, cotton fibers Polyolefin, Polyamide), type (fire & heat resistant, chemical resistant) end-user industry (Oil & Gas, Building & Construction, Medical, and Others) – Forecast till 2023
Pune, India – March 26, 2019 /MarketersMedia/ —
Protective Fabrics Market
Protective Fabrics are predominantly utilized in various end use industries such as building & construction, oil & gas, defense & military, healthcare, firefighting, and others. Protective Fabrics market is estimated to witness robust growth owing to growing demand from building & construction sector and continuous growth of healthcare as well as oil & gas industry worldwide. In addition, building & construction is predicted to remain the largest consumer of protective fabrics over the assessment period on account of implementation of stringent regulations for the safety of workers in North American and European countries in the next few years. Moreover, healthcare segment is estimated to grow with the highest CAGR due to growing per capita disposable along with burgeoning need of safe medical treatments.
Key Players Analysis
Sro Aramid (Jiangzu) Co. Ltd, China National Bluestar, Huvis Corp, Kermel, Kolon Industries, Hyosung Corp, Toray Chemicals, Yantai Tayho Advanced Materials, Teijin Ltd, Dupont among others are some of the prominent players at the forefront of competition in the Global Protective Fabrics Market and are profiled in MRFR Analysis.
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Industry/ Innovation/ Related News:
December 2017- Dollar industries, an India based manufacturer of innerwear announced to launch a wide range of protective wear which help to protect the skin during dry season. The range comprises of trousers, v-neck full sleeve shirt, round neck shirts, vest, and full sleeve top. With these range the company increase its footprint in Indian market.
June 2017- MSA Safety Incorporated announced to establish an agreement to acquire Globe Holding Company, LLC. Globe Holding Company is one of the major innovator and supplier of firefighter protective clothing and boots, with an annual income of around USD 110 Million. This acquisition helps company to strengthen its leading position in North American fire service market and spread its core product portfolio in a key customer segment.
Competitive Landscape
The protective fabrics report has analysed the level of competition among the key operating players as well as sector growth and market scenario. The global protective fabrics market comprises of various manufacturers operating in the market which comprised of large scale and medium scale producers. Some of the prominent market players operating in the global protective fabrics industry has shifted their focus towards growth association specifically by Asia Pacific as moderate level and small scale manufacturers are from this region specifically from China, Singapore, South Korea, India, Indonesia, Thailand, Taiwan, Malaysia, Australia, and Japan.
Apart from this, the key manufacturers are focusing on improving their product portfolio by strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Many operating players are escalating their manufacturing capacity of protective fabrics to meet the growing demand for protective fabrics. Apart from this, many key players has launched a series of product to solidify their position in the market.
Regional Analysis
The protective fabrics market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the significant share of the market and is expected to be the fastest growing region with an encouraging CAGR. Growing urbanization and the globalization of the developing nations are primarily driving the growth of the protective fabrics market. Moreover, the burgeoning construction and the oil and gas industry in countries, such as India and China, is increasing the demand for protective fabrics which, in turn, is propelling the market growth.
North America is another dominant region in the global market, exhibiting an expanding CAGR. The presence of strict government regulations regarding the safe working environment is driving the market growth further .Moreover, the high adoption rate coupled with the developed end-use industries such as healthcare and firefighting among others are expected to add to the growth of the market substantially. The growing technological advancement in the region, especially in the U.S., is further expected to boost the market demand in the region.
The European marekt is mainly driven by the developed healthcare and firefighting industry. Moreover, growing stringent EU regulations regarding the industrial hazards has fuelled the use of protective fabrics market in the region. Moreover, the growing use in the construction industry is another factor fueling the market growth. Furthermore, the recent terrorism in the region has resulted in the increased investment in the defense budget, which is further expected to surge the growth of protective fabrics market. Protective fabrics are extensively used in the production of tactical vest, body armor, and military vehicles among others.
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Segmental Analysis
The global protective fabrics market is segmented into the material, type, and end-user. On the basis of the material, the market is segregated into aramid, polyolefin, polyamide, PBI, cotton fibers, polyesters, and others. The market by type is categorized into fire & heat resistant fabrics, chemical resistant fabrics, UV resistant fabrics, and others. The market by end use industry is further segregated into oil & gas, building & construction, healthcare/medical, law enforcement and military, and others.
Geographical Analysis
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Intended Audience
Protective fabrics market manufacturers
Traders and Distributors of protective fabrics market
Production process industries
Potential investors
Raw material suppliers
Nationalized laboratory
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Type
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
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