Industrial Protective Clothing : A Global Strategic Business Report
San Jose, California (PRWEB) May 07, 2014
Follow us on LinkedIn – Industrial facilities are often characterized by hazardous work environments that are prone to cause injuries and infections to employees. Industrial protective clothing including garments, protects employees from undue exposure to hazardous elements such as heat, flame, extreme cold, toxic chemical agents, chemical splashes, radiation, bullets, bacteria and viruses, among others. Rising instances of workplace accidents involving life-threatening injuries and fatalities have been driving strong demand for industrial protective clothing in recent years. The market is also driven by stringent occupational safety regulations that mandate employers to provide suitable protective equipment and clothing for ensuring worker safety. The high costs associated with workplace accidents such as employee compensation, medical expenditure and opportunity cost of lost productive hours is resulting in companies making proactive investments in personal protective equipment.
Given the market’s sensitivity to broad economic health and employment rates, global sales of industrial protective clothing declined during the years 2012 & 2013. The European debt crisis, uncertainty over debt ceiling in the United States, and a temporary deceleration in economic growth in developing markets affected vital end-use industries such as, manufacturing, steel, chemicals, petrochemicals, automotive, construction and energy generation, among others. Demand currently is beginning to recover with the global economy showing signs of improvement as evidenced by the growth in GDP and manufacturing PMI data. Future growth in the market will continue to benefit from the critical focus shed on personnel safety by manufacturing firms, heavy industries and processing companies. The growing need for replacements will also help boost market prospects in the coming years.
As stated by the new market research report on Industrial Protective Clothing, Europe represents the largest regional market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 9.8% over the analysis period. Strong manufacturing activity in low-cost countries such as China, India, Korea, Taiwan and Vietnam, growing voluntary adoption of international workplace safety standards among outsourced manufacturing facilities, and legislation of safety mandates, represent factors driving growth in the region. Chemical Protection Clothing represents the largest product market, while clean room clothing ranks as the fastest growing product market sector with sales forecast to wax at a CAGR of 5.2% over the analysis period.
Major players covered in the report include Ballyclare Limited, The Dow Chemical Company, Enviroguard Inc, CWS-boco Supply Chain Management GmbH, Honeywell International Inc., Joseph Leslie & Co. LLP. , Kwintet AB, Kimberly-Clark Corporation, Mine Safety Appliances Company, Siyasebenza Manufacturing and WAYNE SAFETY INC.
The research report titled “Industrial Protective Clothing : A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, issues, challenges and strategic industry activities of major companies worldwide. The report provides market estimates and projections for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, Middle East and Latin America. Key product segments analyzed in the report include Chemical Protection Clothing, Thermal Clothing, Clean Room Clothing and Others.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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