Global chemical protective clothing market is expected to be valued around USD 1.5 billion by 2022. The industry is expected to grow at a CAGR of around 6% from 2015-2022. Stringent workplace regulations by government of developed regions including North America and Europe is increasing use of protective clothing at chemical manufacturing units.
Such factor is expected to drive global industry demand over the forecast period. Industry participants, mainly chemical manufacturers, are increasing their focus towards workers’ safety. Companies are arranging training programs to guide workers for accurately using protective clothing.
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Growing chemical demand in emerging economies such as India, China, South Korea and Taiwan are expected to fuel global production levels. Existing industry participants are expanding their business by setting up new manufacturing facilities to cope up with the demand while huge number of entrants is estimated to enter over the forecast period.
Opening up of facilities and entrance of market players in the global chemical industry are expected to increase overall protecting clothing demand in the future. Chemical protective clothing manufacturing requires special material which is capable of providing safety at extreme temperature and pressure conditions.
On account of their ability of providing safety and security coupled with comfort ability, industrial protective clothing is expensive in nature which is expected to restrain overall industry growth in the future.
Information technology (IT) integration in chemical industry is expected to minimize the role of workers in the manufacturing units. This factor is also expected to hinder global market demand over the forecast period.
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Multi-functionality is a new term evolving in the global market and is expected to gain high importance over the forecast period. Industry participants are practising multi-functionality by entering into new product lines which offer combined chainsaw, antistatic, high-visibility, and chemical clothing features.
Another major market opportunity is nanotechnology. Using nanotechnology for protective clothing is an high performance and cost-effective solution. Combination of nanotechnology with material is expected to expand overall market scope over the forecast period.
Global market is segmented on the basis of consumer, end-use industry and product. Customer segment includes personal and industrial. End use segment consists of oil & gas, mining, firefighting & law enforcement, construction & manufacturing, military, healthcare, medical, and others.
On the basis of product, market is segmented into UHMW polyethylene, cotton fiber, aramid & blends, polyolefin & blends, PBI, laminated polyesters, polyamide, and others. Europe dominated the global market on account of strict workplace regulations by the European Commission.
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