Chemical Protective Clothing Market to offer a healthy CAGR of 7.2% during 2020-25
February 14, 2020
Chemical Protective Clothing Market Overview:
Chemical Protective Clothing Market is likely to witness an impressive CAGR of 7.2% during the forecast period. Rising awareness on safety concerns about hazardous working environment along with fast industrialization immensely contributes to the growth of the chemical protective clothing market. The construction & manufacturing sector accounted for more than 33% share of the market in 2019. Further, increasing stringent government regulations in developed countries are expected to bolster the mounting demand for chemical protective clothing during the forecast period.
Report Overview:
This new report from Stratview Research analyses the Chemical Protective Clothing Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Chemical Protective Clothing Market Segment Insights:
Type: aramid & blends, PBI and others
Based on the type, the market is segmented as aramid & blends, PBI, polyamide, cotton fiber, laminated polyesters, polyolefin & blends, UHMW polyethylene, and others. The aramid & blends segment dominates the market owing to its growing demand for superior-quality chemical protective clothing from various end-use industries, such as oil & gas, construction & manufacturing, healthcare, and others. The PBI segment is expected to register the highest growth during the forecast period. The growth is attributed to the remarkable long-term security in extreme temperature ranges.
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End-Use Industry Type: construction & manufacturing, oil & gas and others
Based on the end-use industry type, the market is segmented as construction & manufacturing, oil & gas, healthcare/medical, firefighting & law enforcement, military, mining, and others. The construction & manufacturing industry segment dominated the chemical protective clothing market in 2019. This growth is attributed to the rapid development in the construction & manufacturing sector and civilizing standard of living in developing countries, which also directed to the growth of other industries, bolstering the chemical protective clothing market. The use of chemical protective clothing in military is estimated to register the highest growth in the coming five years. The growing engagement of chemical as well as biological weapons in war is compelling nations to facilitate improved quality chemical protective clothing to their armed forces.
User Type: industrial and personal
Based on the user type, the market is segmented as industrial and personal. The industrial segment was the foremost as well as faster-growing user type, capturing the maximum shares of the chemical protective clothing market in 2019, and is likely to maintain its leading position during the forecast period. This growth is attributed to strict safety and precautionary procedures imposed by government in every manufacturing facility.
A highly/moderately/fragment consolidated Market
Some of the major players in the chemical protective clothing market are Ansell Limited, Delta Plus Group, E.I. Dupont Nemours and Co., International Enviroguard Inc., Kappler Inc., Lakeland Industries, Inc., MSA, Sioen Industries NV, Teijin Limited, and The 3M Company.
Region: Europe is the largest market for chemical protective clothing
In terms of regions, currently, Europe is the largest market for chemical protective clothing. Substantial investment in R&D and strict government protocols are contributing to the high demand for the growth and usage of high-performance materials in the manufacture of chemical protective clothing in the region. Further, the rising demand from various end-use industries, such as oil & gas, healthcare, firefighting, and construction & manufacturing in the region, are expected to contribute to the upsurge in demand for chemical protective clothing. The Latin America is estimated to be the fastest-growing market in the coming five years. The growth of the chemical protective clothing market in Latin America and Asia- Pacific is driven by the growing demand from the construction & manufacturing, oil & gas, healthcare, and other end-use industries during the forecast period. China and India are the growth engines of the Asia-Pacific region.
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