-- Innovations vital to stave off the challenge from cheap imports
MOUNTAIN VIEW, Calif., April 3, 2013 /PRNewswire/ -- Although mature, the North American industrial protective clothing market experiences high growth in some segments due to frequent revisions in industry standards. The U.S. Occupational Safety and Health Administration's (OSHA's) 2010 memorandum, which mandated heat and fire-resistant (FR) clothing for workers in the oil and gas industry, gave a huge boost to this segment making it the highest revenue contributor to the market.
Another impending standard regarding combustible dust hazards will further ignite the heat and FR segment.
New analysis from Frost & Sullivan (http://www.materials.frost.com), North American Industrial Protective Clothing Market, finds that the market earned revenues of US$1.63 billion in 2012 and estimates this to reach US$2.30 billion in 2017 at a compound annual growth rate of 7.2 percent. The study covers the five clothing types -- high-visibility, heat and FR, chemical, chainsaw, and antistatic.
If you are interested in more information on this research, please send an email to Jeannette Garcia, Corporate Communications, at jeannette.garcia@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
"Companies are eager to avoid financial losses incurred through legal settlements and compensations to victims of workplace accidents," said aFrost & Sullivan Research Analyst. "As a result, employers in North America tend to adopt management practices that focus on employee safety."
While the market's prospects are still bright, the influx of cheap imports from Asia has pegged it back to some extent. Participants are reluctant to increase their products' average selling price, and are considering combating the imports challenge through industry consolidation and higher entry barriers.
Participants can stand out in the market by leveraging technological innovations to create novel design and raw materials. These R&D efforts will be driven by customer demand for better-performing protective clothing that is both comfortable and stylish.
"Multi-functionality is a growing trend in the industrial protective clothing market in North America," noted the analyst. "Acknowledging this, protective clothing companies are providing lines of new products that combine the features of high-visibility, chainsaw, chemical, and antistatic clothing."
North American Industrial Protective Clothing Market is part of the Materials Growth Partnership Service program. Frost & Sullivan's related research services include: Global Market for Emission Control Catalysts, Global Intumescent Coatings Market, Global Marine Composites Market, and Asia-Pacific Antimicrobial Coatings Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Contact Us: Start the discussion
Subscribe: Newsletter on "the next big thing"
Register: Gain access to visionary innovation
North American Industrial Protective Clothing Market
NB51-39
Contact:
Jeannette Garcia
Corporate Communications - North America
P: +1.210.477.8427
E: jeannette.garcia@frost.com
