According to Global Market Insights Inc., the industrial protective fabrics market is projected to surpass $8.40 billion by 2028.
According to this report, the growth of the industrial protective fabrics market is driven by increasing industrialization, rapid economic development and the growing manufacturing sector.
SELBYVILLE, Delaware, July 06, 2022 (GLOBE NEWSWIRE) — According to the report published by Global Market Insights Inc., the global Market for industrial protection materials was valued at $4.10 billion in 2021 and expected to be surpassed $8.40 billion in sales by 2028, progress on a CAGR of 10.5% from 2022 to 2028. This report provides a detailed analysis of drivers and opportunities, market size and estimates, top winning strategies, fluctuating market trends, the competitive scenario and big investment pockets.
Industrial protective fabrics are a branch of the technical textile industry known as Protech, which refers to protective clothing that protects the human body from the external environment including harmful chemicals, heat, inclement weather, gases and mechanical hazards by protecting the worker’s body protects against dangerous elements. These fabrics are widely used in the medical field, mainly due to the recent surge in demand for protective equipment during the pandemic. In addition, increasing urbanization and the booming manufacturing sector, along with increasing sustainability concerns, are likely to drive product demand due to their cost-effectiveness and recyclability.
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A global increase in disease has increased the demand for protective healthcare apparel. The use of hazardous chemicals in research and development activities has also greatly encouraged the adoption of personal protective clothing. In order to avoid clinical accidents during the process, the demand for industrial protective fabrics in healthcare and laboratory has increased sharply. These fabrics offer protection from infectious bodily fluids, blood spatter and the entry of pathogens, which would drive product acceptance for years to come. As a result of these factors, the healthcare and laboratory applications segment is projected to exceed a valuation of $335.5 million by 2028.
Key Reasons behind the Growth of Industrial Protective Fabrics Market:
Growing consumer preference for polyamide.
Increasing product demand for industrial protective clothing.
Increasing use in healthcare and laboratory applications.
Forecasts for 2028 show that the “polyamide” segment will retain its dominance:
In terms of raw material, the polyamide segment is expected to post sales of approximately $75.5 million by 2028 and grow at a CAGR of over 10.5%. Polyamide offers properties such as high modulus of elasticity and tensile strength, solvent resistance, flame resistance and superior optics, electrical and magnetic properties that make it ideal for industrial fabrics. It also offers excellent wear resistance and increases safety, which is speculated to drive segmental demand in the automotive industry.
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Middle East & Africa continues top status in terms of sales:
In the regional landscape, the Middle East & Africa Industrial Protective Fabrics Market has been valued at around US$385.5 million in 2021 and is poised to advance at a CAGR of around 11% from 2022 to 2028, reflecting the rising Residential, commercial and infrastructure development in conjunction with the increase is attributable to construction activity. Recent socio-political conflicts have led to a rise in oil and natural gas prices in the region. These increased prices are said to benefit exporters in the Middle East and Africa and help improve the country’s economy, which in turn leads to more industrial activity. These factors will increase MEA’s market share for industrial protective fabrics.
Impact of COVID-19 Pandemic on Industrial Protective Fabrics Market:
Business disruption occurred in several industries during the pandemic, causing a major setback for the protective clothing textile industry. However, PPE kits were in widespread use around the world and the Protech textile industry was heavily involved in manufacturing Personal protective equipment, mainly for healthcare applications. The increasing demand for these substances has had a positive impact on the development of the industrial protective materials industry in recent years.
Leading Market Players:
Main players analyzed in the industrial protective fabric industry Report include Dupont De Nemours, TenCate Fabrics EU, Teijin Ltd, Honeywell International, Inc., Milliken & Company, Glen Raven, Inc., WL Gore & Associates, Tex Tech Industries, W. Barnet GmbH & Co, KOLON Industries, Klopman International , Cerex Advanced Fabrics, Inc., Beijing BW Protect and others.
About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, USA, is a global market research and consulting service provider. Global Market Insights Inc. provides syndicated and custom research reports, growth consulting and business intelligence services and aims to empower clients with penetrating insights and actionable market data to aid in strategic decision making.
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