North American Protective Clothing Market Growing Strongly
Recent analysis by Frost & Sullivan predicts it will reach $2.3 billion in 2017, rising at a compound annual rate of 7.2 percent.
OSHA's 2010 memorandum requiring that some oil and gas workers wear FR protective clothing has been a "huge boost" for the North American protective clothing market, according to a newly posted Frost & Sullivan report.
The report predicts the market had total revenue of $1.63 billion in 2012 and will rise to $2.3 billion in 2017, which represents a 7.2 percent compound annual growth rate.
Frost & Sullivan's release summarizing the report says participants in the market may use consolidation and higher entry barriers to fight what it calls "cheap imports" from Asia. "Multi-functionality is a growing trend in the industrial protective clothing market in North America," an analyst with the company said. "Acknowledging this, protective clothing companies are providing lines of new products that combine the features of high-visibility, chain saw, chemical, and anti-static clothing."
The report covered five clothing categories: high-vis, heat and FR, chemical, chainsaw, and anti-static. For more information about the research, contact Jeannette Garcia in Frost & Sullivan’s corporate communications at email@example.com, with your full name, company name, job title, telephone number, company email address, company website, city, state, and country.