The global protective textiles market is expected to reach
USD 7.78 billion by 2025, according to a new report by Grand View Research,
Inc. The market is expected to witness growth at 3.4% CAGR owing to increasing
industrial fatalities in developing economies owing to the lack of protective gear
coupled with growing awareness of worker’s health and safety are expected to
drive the market growth.
The increasing importance of raw
materials that offer features such as lightweight, comfort, higher heat
resistance, and wear & tear resistance for workwear has been a significant
incentive for companies to conduct R&D activities extensively. The
initiatives are mainly intended at attaining multi-functionality of workwear
fabrics and rise its application scope. Improving product designs and specifications
are expected to provide market participants with immense opportunities over the
forecast period.
Ballistic protective apparel is
estimated to witness the highest penetration and growth over the projected
period, owing to the increasing use of high performance protective textiles in
the military sector. Defense sector holds the largest market segment in the
global ballistic fabrics industry and is anticipated to have remarkable growth
over the next few years driven by rising concerns over national security and
escalating geopolitical unrests.
U.S. protective textiles
market revenue by application, 2014 - 2025 (Million)
Browse full research report on
Protective
Textiles Market
Further key findings from
the report suggest:
- The heat and
flame-resistant garments application segment was worth USD 1.21 billion in
2016 and is estimated to grow at a CAGR of around 3%, owing to rising
demand in end-use industries such as oil & gas, refineries, iron &
steel plants, and aluminum plants
- Mechanical
protective clothing in the U.S. accounted for over 17% of the total
revenue in 2016
- Chemical
defending garments segment is anticipated to grow at a CAGR of 3.5% from
2017 to 2025
- Electrical
protection apparel is estimated to reach USD 637.1 million by 2025 and is
projected to witness moderate growth over the next few years
- In the
application of surgical garments, the protective textiles play a
significant role in the absorption of excessive heat during surgical
procedures from the body, which is estimated to raise the product demand
for health care sector
- The market in
North America is expected to grow at a CAGR of over 3.5% over the next
decade to reach a net worth exceeding USD 2.30 million by 2025
- Asia Pacific
is projected to witness the maximum growth over the next nine years. The
region accounted for 19.1% of the total revenue in 2016
- Key players
such as DuPont, W.L. Gore & Associates Inc., Royal Ten Cate NV, and
Schoeller Textil AG dominated the global protective textile market over
the past few years
For
more information: http://www.grandviewresearch.com
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