ID: MRFR/CnM/0374-HCR | 140 Pages | Author: Priya Nagrale | December 2023
Protective Fabrics Market is projected to register a CAGR of 7.33% to reach USD 8,283.07 million by the end of 2030.
$8,283.07 Million
7.33%
North America
2021 - 2030
The global protective fabrics market is projected to register healthy growth during the forecast period, 2021–2030. The market was valued at USD 4,197.50 million in 2020 and is projected to register a CAGR of 7.33% to reach USD 8,283.07 million by the end of 2030.
Protective fabrics provide protection from harmful environments such as UV rays and materials and help avoid the risk of human injuries. These fabrics are also designed as per the requirement of several end use industries. It offers several excellent properties, including abrasion resistance, lightweight, chemical resistance, breathability, UV resistance, and fire and heat resistance. It is primarily used in the production of protective clothing such as pants, shirts, coveralls, and protective suits.
COVID-19 Impact on the protective fabrics Market:
The outbreak of COVID-19 has had a slightly negative impact on the global protective fabrics market due to the disruptions in the supply chain and the non-availability of labor to carry out the production activities. Limited or full-fledged lockdown strategies were implemented across the world to contain the spread of the virus. During the initial phases, these lockdowns severely led to a significant drop in global industrial production. According to the World Bank’s January 2021 Global Economic Prospects report estimations, the real gross domestic product of the world contracted by around 3.5% in 2020. Similarly, major economies across the world, including the US, Canada, the UK, France, Germany, Australia, and India, have reported negative growth of their respective economies.
Some of the key end consumers of protective fabrics include oil & gas, healthcare, law enforcement & military, building & construction, and other industries. Several end-use industries experienced a significant decline primarily due to a fall in demand and the closure of production facilities. Moreover, economic contraction among major economies coupled with the rising unemployment levels has resulted in a short to medium-term decline in demand for various types of chemicals, automobiles, consumer goods, and electrical equipment. As a result, a considerable number of players in these respective industries have scaled back their future expansion plans anticipating the decline in demand.
Market Dynamics
Segmentation
By Material
By Type
By End Use Industry
By Region
Regional Analysis
The global protective fabrics market has been studied across five regions: North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. Asia-Pacific market accounted for the second-largest share in 2020 and is projected to record a CAGR of 8.11% during the review period. The market growth can be attributed to the growing urbanization and increasing industrialization, especially in the medical and waste management sector in the developing economies of Asia-Pacific, particularly in China, Japan, and the southeast Asian nations. China is the leading producer and consumer of protective fabrics in Asia-Pacific of the regional market in 2020. The growing medical base and population in China is the prime factor propelling the market growth.
The North America dominated the global Protective Fabrics market with a value share of 34.06% in 2020 and is projected to register the highest CAGR of 6.88%. The established presence of military and healthcare manufacturers in the region is the prime factor propelling the growth of the protective fabrics market in North America.
The market in Europe is primarily driven by the strong demand for protective fabrics for flame, fire and heat resistance, and thermal applications. Germany accounted for the largest share in Europe in 2020 and was followed by France. The markets in Latin America and the Middle East & Africa are likely to be driven by the increasing industrialization in the regions and the rising per capita disposable income of the consumers.
The global protective fabrics market is characterized by the presence of many global, regional, and local players. The market is highly competitive, with all the players competing to gain maximum market share. High demand in the oil & gas and petrochemical industry and several advantages offered by protective fabrics are the key factors influencing global market growth. The vendors compete based on cost, brand identity, product quality, and availability and reliability of the products. It is crucial for vendors to provide cost-effective and high-quality products that adhere to the requirements of the end-use to compete in the market. To establish their market position, the key players are expanding their production bases.
Key players in the global protective fabrics market include 3M (US), DuPont (US), Lakeland Inc (US), Glen Raven Inc.(US), Milliken & Company (US), Klopman International (Italy), Concordia Textiles (Belgium), W. L. Gore & Associates GmbH (US), TenCate Protective Fabrics (The Netherlands), TEIJIN LIMITED (Japan), Carrington Textiles Ltd.(UK), Daletec (Norway), Marina Textil (Spain), Sarena (Pakistan), PBI Performance Products, Inc.(US), and Cetriko(Spain).
Some of the key developments include:
Report Overview:
The Protective Fabrics market is segmented by material, type, end use and region in the report. In terms of insights, this report has focused on various levels of analysis such as market dynamics, value chain analysis, Porter's five forces, competitive landscape, and company profiles—all of which comprise and discuss views on the global protective fabrics emerging and fast-growing segments, regions, and countries.
Objectives of the Study
Intended Audience
Report Attribute/Metric | Details |
---|---|
Market Size | 2030: USD 8,283.07 Million |
CAGR | 7.33% (2021-2030) |
Base Year | 2020 |
Forecast Period | 2021-2030 |
Historical Data | 2019 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Material, Type and End Use Industry |
Geographies Covered | North America ,Europe, Asia-Pacific,South America, Middle East ,Africa |
Key Vendors | 3M (US), DuPont (US), Lakeland Inc (US), Glen Raven Inc.(US), Milliken & Company (US), Klopman International (Italy), Concordia Textiles (Belgium), W. L. Gore & Associates GmbH (US), TenCate Protective Fabrics (The Netherlands), TEIJIN LIMITED (Japan), Carrington Textiles Ltd.(UK), Daletec (Norway), Marina Textil (Spain), Sarena (Pakistan), PBI Performance Products, Inc.(US), and Cetriko(Spain). |
Key Market Opportunities | Potential adoption of phase change materials |
Key Market Drivers | Growing adoption of various industrial safety norms and regulations |
The global protective fabrics market would register a growth of 7.33 %.
PCM industry, will play a crucial role in taking the Protective Fabrics market ahead.
High costs associated with protective fabrics, is the key restraining factor for the global protective fabrics market.
Key Questions Answered
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