Safety Apparel Market to Grow 8 Percent
SandlerResearch.org, Pune, India, released its forecasts for the future global safety apparel market. The research company expects the global safety apparel market to grow 8.12 percent from 2016 to 2020.
The Global Safety Apparel Market 2016-2020 report cited nanotechnology as the key trend contributing to market growth. The nanofibers provide wearers with extra protection from thermal, mechanical, chemical and biochemical hazards.
Other key drivers of market growth are increased quality and customization potential. Suppliers are ramping up efforts to provide greater product customization and flexibility to meet customer needs.
North America is the biggest contributing region to the safety apparel market's anticipated growth with nearly 42 percent of the revenue market shares during 2015. This is because of the improvement in the economy and the availability of cheap natural gas in U.S. chemical manufacturing facilities.
Additionally, a MarketsandMarkets study projected the protective clothing market would reach $9.3 billion by 2020, with thermal protective clothing cited as a huge area for growth.
For suppliers and distributors in the promotional apparel space, it's the perfect time to expand your product offerings to safety apparel. Or, if you already are involved in safety apparel, consider adding these new innovative fabrics to your existing product line.
To read the full report, click here.