(PRWEB) June 03, 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 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 “Thermal Protective Clothing Market” - http://www.micromarketmonitor.com/market-report/thermal-protective-clothing-reports-5922276740.html.
European Thermal Protective Clothing Market
The European thermal protective clothing market is expected to reach $484.65 million by 2018, to grow at a CAGR of 5.8% 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 region’s various sectors is currently slow, its continuous requirement in the existing facilities such as oil & gas, military, fire fighting, and so on would be driving the market for protective clothing.
North American Thermal Protective Clothing Market
The North American thermal protective clothing market is expected to reach $671.73 million by 2018, to grow at a CAGR of 6.3% from 2013 to 2018. The North American region is the largest market for protective clothing, which is driven primarily by its oil & gas, healthcare, fire fighting, and improving construction industries. The region focuses towards the safety of its workers and soldiers by the use of protective clothing in various industries that involves risk from chemicals, impact, flame, and cuts & bruises. The U.S., which is the major consumer for protective clothing in the region, is the home to the Kevlar, the first produced material to be used in protective clothing. Kevlar was produced by DuPont, and is now extensively being used in various applications.
Asia Pacific Thermal Protective Clothing Market
The Asia-Pacific thermal protective clothing market is expected to reach $498.41 million by 2018, to grow at a CAGR of 7.4% 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 American Thermal Protective Clothing Market
The Latin American thermal protective clothing market is expected to reach $172.1 million by 2018, to grow at a CAGR of 7.6% 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, thereby 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 & African Thermal Protective Clothing Market
The Middle East & African thermal protective clothing market is expected to reach $288.18 million by 2018, to grow at a CAGR of 6.8% 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 future. 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 @ http://www.linkedin.com/company/micromarketmonitor.