Apr 28, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Protective Fabrics Market.
It was estimated prior to this unanticipated outbreak that the Protective Fabrics Market offers good growth opportunity of >4% CAGR during the forecast period of 2020 to 2025. Rising concern of military personnel protection, stringent government regulations, such as OSHA regarding safety of workers, and growth in the end use industries are the major growth drivers of the market.
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Protective Fabrics Market Share by Fabric Type
Fire & heat resistance protective fabrics are expected to remain the largest fabric type during the forecast period. They are used to manufacture helmets, bullet proof jacket vests, vehicle armor, footwear, and gloves for various industries, such as military and industrial. Strict government regulations regarding safety of workers in metal (steel & aluminum), energy (oil & gas), transportation (automotive and commercial vehicle), and building & construction industries in developed countries, such as the US, Germany, and the UK, and rising concern for the protection of military personnel are driving the fire & heat resistance protective fabrics market.
Protective Fabrics Market Share by End-Use Industry Type
Building and construction industry is expected to remain the largest consumer of protective fabrics during the forecast period. The segment is largely driven by stringent government regulations regarding safety of workers in European and North American countries. Healthcare applications segment is expected to witness the fastest growth in the next five years. The growing end-use industry and increasing demand for safe medical treatments are some of the major growth drivers of the protective fabrics market in the healthcare industry.
Regional Insights
North America is expected to remain the largest protective fabric market during the forecast period. The growth of end-use industries and stringent government regulations regarding safety of workers will remain the key drivers of the North American protective fabrics market in the next five years. Asia-Pacific is expected to exhibit the fastest growth for the same period mainly driven by increasing demand of protective fabrics in China and India.
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Key Players:
Key players operating in the global Protective Fabrics market are-
- 3M Company
- E. I. Du Pont De Nemours and Company
- Koninklijke Ten Cate NV
- Teijin Limited
- Kolon Industries, Inc.
- W. L. Gore & Associates, Inc.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Protective Fabrics analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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