The demands for ballistic protective equipment have increased due to the growing external & internal safety threats as a result of conflicts between economies coupled with the growing warfare situations. The global ballistic protective equipment market is anticipated to grow rapidly from 2014 to 2025, as per a report by Grand View Research Inc. The growing demands for innovative devices as a result of various technological developments are also projected to boost the product demands during the next few years. However, high costs of the protective equipment are said to deter the growth of the global market over coming years.
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The worldwide ballistic protective equipment market is expected to reach USD 5.75 billion by 2025 on account of the growing demands for ballistic protection products like armored car, headgear, shields, bulletproof vests, missiles, and eyewear among the end-users. Some of the major companies operating in the global ballistic protective equipment market are BAE Systems PLC; Toyobo Co., E. I. du Pont de Nemours and Company; Honeywell International Inc., and PSP, Inc. All such major manufacturers of ballistic protective equipment acquire the raw materials to start the production of bulletproof helmets and hard & soft armors.
Global chemical protective clothing market is expected to be valued around USD 1.5 billion by 2022. The industry is expected to grow at a CAGR of around 6% from 2015-2022. Stringent workplace regulations by government of developed regions including North America and Europe is increasing use of protective clothing at chemical manufacturing units.
Such factor is expected to drive global industry demand over the forecast period. Industry participants, mainly chemical manufacturers, are increasing their focus towards workers’ safety. Companies are arranging training programs to guide workers for accurately using protective clothing.
Growing chemical demand in emerging economies such as India, China, South Korea and Taiwan are expected to fuel global production levels. Existing industry participants are expanding their business by setting up new manufacturing facilities to cope up with the demand while huge number of entrants is estimated to enter over the forecast period.
Opening up of facilities and entrance of market players in the global chemical industry are expected to increase overall protecting clothing demand in the future. Chemical protective clothing manufacturing requires special material which is capable of providing safety at extreme temperature and pressure conditions.
On account of their ability of providing safety and security coupled with comfort ability, industrial protective clothing is expensive in nature which is expected to restrain overall industry growth in the future.
Multi-functionality is a new term evolving in the global market and is expected to gain high importance over the forecast period. Industry participants are practising multi-functionality by entering into new product lines which offer combined chainsaw, antistatic, high-visibility, and chemical clothing features.
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On the basis of product, market is segmented into UHMW polyethylene, cotton fiber, aramid & blends, polyolefin & blends, PBI, laminated polyesters, polyamide, and others. Europe dominated the global market on account of strict workplace regulations by the European Commission.
Europe was followed by North America owing to stringent regulatory scenario coupled with increasing company’s focus towards worker safety. Asia Pacific is expected to witness highest growth owing to chemical industry developments in China, India, South Korea, and Taiwan.
Central & South America and Middle East & Africa are expected to experience high growth owing to increasing government initiatives for worker’s safety and security in factories.
Key companies are Dupont, Teijin Limited, Honeywell International Inc., Ansell Limited, International Enviroguard Inc., W. L. Gore & Associates Inc., Lakeland Industries, Inc., Kimberly Clark Corp, Delta Plus Group, 3M Co., Sioen Industries, Kappler Inc., MSA, and Respirex.
Companies are expected to conduct research & development initiatives to develop multifunctional clothing. In addition, nanotechnology is another major area where companies are expected to focus and come up with new product lines to provide high performance, excellent comfort, and cost-effective features.
Existing players are expected to expand their business and set up new manufacturing facilities in developing regions mainly Asia Pacific. Global industry is expected to experience entry of significant number of players as chemical is a booming sector and demand for worker’s safety will enhance with the increase in number of manufacturing facilities.
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The global industrial protective footwear market size is expected to reach USD 6.56 billion by 2024, according to a new report by Grand View Research, Inc. The substantial growth prospects of the market can be attributed to the rising number of worker accidents across global organizations.
Comfort, innovation, safety, and aesthetic value are the key characteristics of the industrial safety footwear. The global shoe manufacturers over the years have been striving to integrate these features into their products in order to offer improved safety in the workplace as well as provide comfort to workers. Industrial protective shoes have been facing a substantial demand from various industries to avoid fatalities and accidents in the workplace.
With a paradigm shift towards worker safety instead of maximizing profits, a huge demand has been created for protective footwear in hazardous work environments and is anticipated to drive the industry over the forecast period.
In the recent years, safety wear has emerged as an increasingly preferred choice for many companies. These safety products are essential for the prevention and protection against occupational fatalities to workers as well as for the prevention of legal action towards organizations.
However, the high sale volume of spurious and cheap products in the industry is envisioned to challenge the industry growth in the near future. Furthermore, due to the increasing popularity and rising demand for premium branded safety shoes, these products become the sole target for counterfeiting. Thus, high sales volume of counterfeit and low-quality products are expected to challenge the industry growth.
Europe industrial protective footwear market by application, 2012 – 2024 (USD Million)
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Further key findings from the report suggest:
- Leather footwear is presumed to emerge as a predominant product over the forecast period. Leather is increasingly used in safety shoes to provide protection against fatal electric shocks due to its non-conductivity. Moreover, a genuine leather provides protection against falling objects, punctures, cutting hazards, burns, and extreme weather.
- The rubber safety shoe market was valued at over USD 120 million in 2015 and is expected to grow at a considerable rate over the forecast period. With the emerging use of intense colored rubber materials, safety shoes have now become ergonomically enhanced, water resistant, and lightweight, thereby making them a good choice for various industries.
- Construction is expected to emerge as a predominant application segment over the next eight years. Growth in this segment is primarily driven by the rising number of workplace accidents, which has, in turn, fueled the adoption of industrial shoes among infrastructure developers to improve occupation safety.
- Europe led the industry in terms of market share in 2015 and is expected to retain its dominance over the forecast period. The demand in this region is mainly driven by the implementation of standards and compliance with stringent regulations that mandate the use of safety shoes at the workplace. The widespread presence of safety shoe manufacturers in the region is anticipated to drive the industry growth in the region.
- Low-cost labor, capital, and raw materials, as well as low-interest loans and tax incentives, have forced footwear manufacturers to migrate from North America, UK, and Italy to Asia, especially China. Moreover, the Chinese government is presently attracting footwear manufacturers with various incentives and is working to shift the footwear production sites from the coastal regions to internal territories.
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