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Protective Clothing Market to Hit USD 34.31 Billion by 2027 | Expected to Surpass a CAGR of 14% by 2020-2027

Written by Customer Service on . Posted in Mergers And Acquisitions.

Companies covered in protective clothing market are Kimberly-Clark Corporation (U.S.), Ansell Microgard Ltd. (U.K.), DuPont (U.S.), Bennett Safetywear Ltd. (U.K.), Honeywell International Inc. (U.S.), Lakeland Inc. (U.S.), W. L. Gore & Associates, Inc. (U.S.), PBI Performance Products, Inc. (U.S.), TenCate Protective Fabrics (U.S.), TEIJIN LIMITED (Japan), Protective Industrial Products (PIP) (U.S.) and other key players.

Pune, India, Oct. 11, 2022 (GLOBE NEWSWIRE) — As per a comprehensive research report by Fortune Business Insights™, the global 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 12.48 billion in 2019 and is projected to reach USD 34.31 billion by 2027, exhibiting a CAGR of 14% during the forecast period.

Lists of all the organizations present in the global market

  • Kimberly-Clark Corporation (U.S.)
  • Ansell Microgard Ltd. (U.K.)
  • DuPont (U.S.)
  • Bennett Safetywear Ltd. (U.K.)
  • TEIJIN LIMITED (Japan)     
  • Udyogi (India)
  • Honeywell International Inc. (U.S.)
  • Lakeland Inc. (U.S.)
  • W. L. Gore & Associates, Inc. (U.S.)
  • PBI Performance Products, Inc. (U.S.)
  • TenCate Protective Fabrics (U.S.)
  • Sanctum Work Wear Pvt. Ltd. (India)
  • Derekduck Industries Corp. (Taiwan)
  • Protective Industrial Products (PIP) (U.S.)
  • Other prominent companies

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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.

Report Scope & Segmentation

Report AttributeDetails
Market size value in 2019USD 12.48 billion
Revenue forecast in 2027USD 34.31 billion
Growth RateCAGR of almost 14% 2020-2027
Base Year2019
Historic Years2016 – 2018
Forecast Years2020- 2027
Segments CoveredBy End-Use, By Application
Forecast UnitsValue (USD Billion), and Volume (Units)
Quantitative UnitsRevenue in USD million/billion and CAGR from 2021 to 2028
Regions CoveredNorth America, Europe, Asia Pacific, South America, and Middle East & Africa, and Rest of World
Countries CoveredUnites States, Canada, Mexico, Unites Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies CoveredKimberly-Clark Corporation (U.S.), Ansell Microgard Ltd. (U.K.), DuPont (U.S.), Bennett Safetywear Ltd. (U.K.), Honeywell International Inc. (U.S.), Lakeland Inc. (U.S.), W. L. Gore & Associates, Inc. (U.S.), PBI Performance Products, Inc. (U.S.), TenCate Protective Fabrics (U.S.), TEIJIN LIMITED (Japan), Protective Industrial Products (PIP) (U.S.)

This Report Answers the Following Questions:

  • Which strategies are adopted by companies to intensify competition?
  • Which segment is likely to gain the maximum share in the coming years?
  • What are the challenges and opportunities that the market may come across in future?
  • What are the growth drivers and hindrances in the market?

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/protective-clothing-market-102707

Impact of Russia-Ukraine War Implication

The Russia-Ukraine war could change the market dynamics of Europe forever. The standoff has revived the predicament situation of the Cold War and pushed Europe to the brink of a major military conflict. The Russian aggression in Ukraine has redefined the global landscape in terms of business. As the global market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical. Lists of all the organizations present in the global market

Drivers & Restraints-

The Effects of Covid-19 Pandemic on the Market

  • In the healthcare environment, there is a rising demand for protective clothing to prevent contamination from various sources.
  • Healthcare workers are persistently working to control the rate of infection by correctly disposing and laundering the clothing.
  • The demand for surgical gowns, coveralls, and isolation gowns has upsurged rapidly from the healthcare sector to prevent the transmission of microorganisms through blood or bodily fluids in themselves, as well as the patients.
  • The Directorate General of Health Services, Ministry of Health and Family Welfare, OSHA, and World Health Organization (WHO) implemented new set of rules to be followed by the workers of primary health care centers, quarantine centres, laboratories, point of entries (POEs), and hospitals.

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 developing countries, such as South Korea, India, and China.

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Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Emerging Trends – For Major Countries
    • Key Developments: Mergers, Acquisition, Partnership, etc.
    • Latest Technological Advancement
    • Insights on Regulatory Scenario
    • Porters Five Forces Analysis
  • Global Protective Clothing Market Analysis, Insights and Forecast, By Product, 2016-2027
    • Key Findings / Summary
    • Global Protective Clothing Market Analysis, Insights and Forecast – By Product
      • Disposable
      • Durable
  • Global Protective Clothing Market Analysis, Insights and Forecast, By Application, 2016-2027
    • Key Findings / Summary
    • Global Protective Clothing Market Analysis, Insights and Forecast – By Application
      • Flame Retardant Apparel
      • Chemical Defending Garment
        • Radiation Protection
        • Particulate Matter
        • Others
      • Clean Room Clothing
      • Mechanical Protective Clothing
      • Others

TOC Continued…!

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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 is the key industry development:

  • March 2020: Lakeland Industries, Inc. augmented its previously planned expansion of the manufacturing capacity by 30%. Since the past couple of years, it has invested around USD 6 million to widen its manufacturing footprint into India and Vietnam, increase margins, improve efficiencies, as well as add and update IT systems. The company decided to upsurge production because of the outbreak of Covid-19 pandemic.

Have a Look at Related Research Insights:

Protective Coatings Market Projected to Reach 21.2 Billion by 2028 | Global Protective Coatings Industry Market Trends, Future Plans and Business Growth at a 7.3% CAGR Between 2021-2028

Protective Face Mask Market Size Hit $19.85 Bn by 2029 | At 9.1% CAGR

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