New York
City, 25 January 2019: The Report Protective Textiles Market is anticipated to reach around USD
8,802.2 million by 2026. In 2017, the manufacturing and construction segment
dominated the global market, in terms of revenue. In 2017, Europe accounted for
the majority share in the global Protective Textiles market.
The rapidly increasing need to provide
safety at workplace majorly drives the growth of this market. Introduction of
stringent Government regulations regarding workplace safety, and increasing
demand of protective textiles from different industries support the market
growth. Increasing investments in R&D, and initiatives taken by leading
players in the market to launch innovative products to cater to the growing
consumer demands further augment market growth. However, high costs of
protective textiles limit the growth of the market. New emerging markets,
technological advancements, and use of phase change materials would provide
growth opportunities for protective textiles market in the coming years.
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With international labor safety
standards becoming more stringent, use of protective textiles has increased
across various industries. Protective textiles are used in dangerous
and unsafe work environments such as battlefields, mining sites, chemically
hazardous areas, and healthcare centers among others. Protective textiles
enable users to avoid risks and reduce the number of work accidents.
The various end-users
of protective textiles include defense, manufacturing and construction, mining,
oil and gas, space exploration, healthcare, emergency services, and others. The
manufacturing and construction segment is expected to lead the market during
the forecast period owing to high-risk working environments and stringent
government regulation regarding workplace safety.
Competitive Landscape and Key Vendors:
In 2017, Europe
accounted for the highest share in the global protective textiles market.
Introduction of stringent government regarding safety at workplace majorly
drives the market growth in this region. Additionally, the increasing demand
from the manufacturing and construction industries has accelerated the adoption
of protective textiles in Europe. Asia-Pacific is expected to grow at the
highest CAGR during the forecast period owing to growing industrialization and
growth in manufacturing industries. Rising demand from healthcare, mining, and
chemical industries would supplement market growth in the region. Leading
global players are expanding their presence in developing nations of China,
Japan, India, Indonesia, and Malaysia to tap the growth opportunities offered
by these countries.
The well-known companies profiled in
the report include Ansell Limited, 3M Company, Honeywell International Inc.,
Teijin Limited, E. I. Dupont De Nemours and Company, Milliken & Company, W.
L. Gore & Associates, Inc., DyStar Group, ARGAR S.r.l, Marina Textil S.L.,
Royal Tencate NV, and Kimberly Clark Corp among others. These companies launch
new products and collaborate with other market leaders to innovate and launch
new products to meet the increasing needs and requirements of consumers.
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