Wednesday, 13 May 2020 09:00 AM
Product Announcements
Demand for masks, respirators, gloves, and protective clothing arising by concerns over the global pandemic are creating remunerative opportunities in the protective clothing market.
DUBAI, UAE / ACCESSWIRE / May 13, 2020 / Majorly buoyed by stringent workplace safety regulations and hazardous operations requisites, global market for protective clothing will be on an upward trend through 2020. Increasing awareness about personal protective clothing (PPE) to be used during the pandemic further contributes to market growth, as projected by a new study of Future Market Insights (FMI). The global protective clothing market continues to witness growth on the back of the rising numbers of death and injuries at workplaces. Manufacturers are currently operating at 100% production capacity to manufacture protective clothing supplies to cover for the growing demand supply gap. In a long-term growth scenario, FMI projects the mark of US$ 17 Bn for the market by 2030 end.
"The ongoing pandemic has pushed the demand for protective clothing to new heights, particularly among healthcare professionals. Companies are expanding production capacity. Many companies from other sectors are modifying their production lines to produce protective coveralls and masks to ensure adequate supply," says the FMI study.
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Protective Clothing Market- Key Takeaways
- The global protective clothing market will continue to generate profitable opportunities in the manufacturing and healthcare sectors, displaying robust growth rates.
- The coverall segment is expected to witness higher sales than other protective clothing products, driven by applications in the healthcare, chemical, and manufacturing sectors.
- Non-woven materials with advancements in nanotechnology are anticipated to witness strong growth during the forecast period.
- East Asia is the leading regional market driven by demand from healthcare workers who are dealing with the coronavirus crisis.
- South Asia will capture significant growth opportunities during the projection period.
Protective Clothing Market- Key Driving Factors
- Frequent product development and strict work safety policies are trends that drive demand for protective clothing.
- Investments in research towards intelligent materials and nanotechnology is leading to advancements in protective clothing products.
- Increasing applications of disposable protective clothing for multiple end use verticals also contribute to market growth.
Protective Clothing Market- Key Restraints
- The high cost associated with the production and sales of protective clothing products is a key restraining factor for the market.
- Increasing investments in the development of substitute materials in protective clothing negatively impacts the otherwise healthy growth trajectory.
COVID-19 Impact on Protective Clothing Market
The covid-19 pandemic has spread from China to all parts of the world. Most businesses apart from those designated as essential have been closed temporarily. The global outbreak has resulted in a sudden spike in the demand for protective clothing products, particularly among health care professionals such as doctors and nurses. The demand for protective clothing products also comes from lab testers and other medical professionals. Key health organizations and governments have reported substantial shortages of protective clothing to adequately meet the demand of essential workers. Consequently, manufacturers are investing in the expansion of their production capacities to keep up with domestic and global demand.
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Competitive Landscape
Major players are expanding their production capacities, supported by extensive merger and acquisition, research and development, and collaborations to develop new protective clothing technologies. Key players that influence the protective clothing market are, but not limited to, DuPont, 3M Company, Glen Raven, Ansell Limited, Ballyclare Ltd., Kimberly Clark Corp, Lakeland Industries Inc., Teijin Ltd, Cetriko, W.L. Gore and Associates, and Workrite Uniform Company Inc.
About the Report
This study offers readers a comprehensive market forecast of the protective clothing market. Global, regional and country-level analysis of the latest industry trends impacting the protective clothing market is covered in this Future Market Insight (FMI) study. The report offers compelling insights on protective clothing market on the basis of product type (coverall, vest, jacket, apron, and others), material type (non-woven, woven, and knit), end-use industry (manufacturing, oil & gas, healthcare, and others), demographics (men and women), and sales channel (online stores and others) across seven regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, and MEA).
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SOURCE: Future Market Insights
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