Europe constitutes 25.4% of the global market and its market share is poised to reach 25.4% by the end of 2018.
(PRWEB) June 06, 2014
Increasing concern expressed by companies, over the safety of workers, is driving the chemical protective clothing market. Companies are increasingly recognizing that the heavy fines for deviation of OHS laws and regulatory requirements that follow accidents cost more than the protective clothing itself. The regulations also render the employer responsible for the 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 protective clothing market in various industries such as manufacturing, mining, and construction.
Browse through the market data tables, figures and detailed TOC on the “European Chemical Protective Clothing Market”.
The European chemical protective clothing market is expected to grow at a CAGR of 5.0% from 2013 to 2018 to reach $284 million by 2018,. Europe is the largest microsphere market in the world, both in terms of production and consumption. The financial crisis of 2008-2009 led the countries to adopt a strategy of reduced budget allocation for each of their sectors. The growth of various sectors in this region is slowing down; however, the continuous requirement in the existing facilities such as oil & gas, military, and fire fighting, among others, would be driving the market for protective clothing.
North American Chemical Protective Clothing Market
The North American chemical protective clothing market is expected to grow at a CAGR of 5.8% from 2013 to 2018 to reach $251 million by 2018,. The North American region for protective clothing is driven primarily by its oil & gas, health care, fire fighting, and construction industry. The region focuses towards the safety of its workers and soldiers, with emphasis on the use of protective clothing in various industries that involves risk from chemicals, impact, flame, cut & bruise, and so on. The U.S., which is the major consumer for protective clothing in the region, is the origin of Kevlar, which was the first ever produced material to be used for protective clothing. It was produced by DuPont and is now extensively being used in various applications.
Asia-Pacific Chemical Protective Clothing Market
The Asia-Pacific chemical protective clothing market is expected to grow at a CAGR of 6.8% from 2013 to 2018 to reach $247 million by 2018. Due to the increased governmental investments in infrastructure, global funding for developing countries, housing to meet the needs of the steadily growing population, public utilities & development spending, commercial & entertainment structures, and many more reasons like these have resulted in the region having a large construction industry, thus contributing to the growth of the protective clothing market in this region.
Latin American Chemical Protective Clothing Market
The Latin American chemical protective clothing market is expected to grow at a CAGR of 7.0% from 2013 to 2018 to reach $157 million by 2018. The Latin American market is one of the most promising markets, in terms of growth rate. Mexico and Brazil are the important countries in the region having high construction and manufacturing activities. Venezuela has high oil & gas activity thereby resulting in an attractive market for protective clothing. Argentina and Chile are the other two countries which have been studied, as they constitute a significant share in the Latin American market for chemical protective clothing.
Middle East & African Chemical Protective Clothing Market
The Middle East & Africa chemical protective clothing market is expected to grow at a CAGR of 6.2% from 2013 to 2018 to reach $181 million by 2018. The MEA region has one of the world’s most prolific oil & gas industries, which has been growing at a rapid pace in the past and is expected to grow further in the years 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.
About MicroMarket Monitor
MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.
Mr. Chandrasekhar K.
5601 Bridge Street
Connect with us on LinkedIn at http://www.linkedin.com/company/micromarketmonitor.