Key Players in the market are 3M (Minnesota Mining and Manufacturing Company) , E.I. du Pont de Nemours and Company (DuPont), Honeywell International, Inc, Royal Tencate NV and Teijin Limited.
(PRWEB) May 29, 2014
Companies are increasingly recognizing that accidents, coupled with heavy fines for deviation of OHS laws and regulatory requirements, cost far more than protective clothing. Regulations also render the employer responsible for workers wearing appropriate personal protective equipment in all operations where there is an exposure to hazardous conditions. The growing industrial development in the emerging economies, especially in Asia, the Middle East, and Latin America pushes the growth of various industries such as manufacturing, mining, and construction.
Browse through the market data tables, figures and detailed ToC on the “Biological/Radiation Protective Clothing Market”.
Europe Biological/Radiation Protective Clothing Market
The European biological/radiation protective clothing market is expected to reach $51.1 million by 2018, growing at a CAGR of 13.9% from 2013 to 2018. The financial crisis of 2008-2009 led countries to adopt a strategy of reduced budget allocation for each of their sectors. Although the growth in the region’s various sectors is currently slow, its continuous requirement in existing facilities such as oil & gas, military, fire fighting, and so on would be driving the market for protective clothing.
North America Biological/Radiation Protective Clothing Market
The North American biological/radiation protective clothing market is expected to reach $66.4 million by 2018, growing at a CAGR of 14.8% from 2013 to 2018. North America is the largest market for protective clothing, which is driven primarily by the oil & gas, healthcare, fire fighting, and improving construction industries. The region focuses on the safety of its workers and soldiers with the use of protective clothing in various industries that involves risk from chemicals, impact, flames, and cuts & bruises. The U.S., which is a major consumer for protective clothing in the region, is home to the first ever produced material to be used for protective clothing, i.e., Kevlar. It was produced by DuPont and is now extensively being used in various applications.
Asia Pacific Biological/Radiation Protective Clothing Market
The Asia-Pacific biological/radiation protective clothing market is expected to reach $45.7 million by 2018, growing at a CAGR of 15.8% from 2013 to 2018. Increased governmental investments in infrastructure, international funding for developing countries, housing demands to meet the expectations of the steadily growing population, public utilities and development spending, commercial and entertainment structures, and many more reasons like these have resulted in the region having a large construction industry.
Latin America Biological/Radiation Protective Clothing Market
The Latin American biological/radiation protective clothing market is expected to reach $24.5 million by 2018, growing at a CAGR of 16.1% from 2013 to 2018. Mexico and Brazil are important countries in the region having high construction and manufacturing activities. Venezuela has high oil & gas activity, resulting in an attractive market for protective clothing. Other countries in the region do not occupy a major share in the global protective clothing market. Argentina and Chile are the two other countries which have been studied.
Middle East & Africa Biological/Radiation Protective Clothing Market
The Middle East & African biological/radiation protective clothing market is expected to reach $28.3 million by 2018, growing at a CAGR of 15.1% from 2013 to 2018. Middle East and Africa have some of the world’s most prolific oil and gas industries, which have been growing at a rapid pace in the past, and will continue to do so in the decades to come. The rapid growth in infrastructure in the region, especially in countries such as Saudi Arabia and South Africa, has established a huge potential market for protective clothing.
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