Industrial Protective Clothing Fabrics Market
REPORT DESCRIPTION
Industrial Protective Clothing Fabrics Market - Global Industry Analysis , Size , Share , Growth , Trends , and Forecast 2016 - 2024
Nearly 27.2 % of the global industrial protective clothing fabrics market was taken up by its three leading players in 2015 . With a large portion of the market left to regional players , the global ones such as Milliken & Company , Teijin Aramid , and TenCate are looking for greater coverage through establishing new manufacturing capacities in new regions as well as manage newer mergers and acquisitions .
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According to a research report released by Transparency Market Research , the global industrial protective clothing fabrics market holds a highly intense competitive landscape due to the large number of manufacturers involved regionally , while a smaller proportion of the market value is taken up by globally prominent entities . At the same time , the scope of entry for new players is low , owing the expensive entry barriers they have to cross , coupled with the goodwill and long-term contracts already held by the existing players . The global industrial protective clothing fabrics market is expected to expand at a CAGR of 6.8 % within a forecast period from 2016 to 2024 in terms of revenue . It is calculated to generate US $ 2.24 bn by the end of 2016 and US $ 3.36 bn by the end of 2024 .
Industrial Protective Clothing Fabrics Manufacturers ’ Dependence on Oil and Gas Sector on Shaky Grounds
Till 2015 , the oil and gas industry had been the leading application segment for the global industrial protective clothing fabrics market , with over 20 % of the value taken up by it at the time . The oil and gas sector has always been showing a very high demand for industrial protective clothing fabrics due to the precarious nature in which people have to work . Owing to the high risk environment and the growing need for better safety equipment to reduce mortality and injury
Transparency Market Research
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