Insulating Clothes are anticipated to grow at a value CAGR of ~x% over 2019-2028. According to a study published by Insure Insights on the Insulating Clothes market is anticipated to grow in the coming years. The growth in the insulating clothes include in the industry verticals such as electrical energy, power generation etc. to provide safety to workers. This factor helps the industry to propel in the forecast period. Furthermore, there is a steep increase in the demand for insulating clothes and would boost the industry in the near future.
Top Driver: Robust Demand for the Clothes to propel the industry
Insulating Clothes has rich demand in defense and security applications. There is a steep growth in the fluctuation in the climate especially, towards the colder region, which requires higher quality of material to protect the soldiers. The growth in the demand for such insulating clothes is anticipated to help the industry grow in the next few years. Furthermore, there is an increase in the demand due to the surge in power generation need and hence would contribute to the higher revenue sares in the coming few years.
Wool to Make Crucial Contribution to Growth of Global Insulating Clothes Market
Among type segments of the global Insulating Clothes market, wool is predicted to show significant growth in future. The wool market segment is expected to witness a higher CAGR and would attain the highest share in the forecast period. This owes to the advantage posed by the wool. It is naturally built to absorb moisture and its sweat-wicking properties will positively propel the growth of this market. Furthermore, cotton also offers a combination of both softness and comfort.
Growth In Demand to Benefit Asia Pacific Market
Asia Pacific predicted to maximize their spending fabric material for insulation in future. The Asia Pacific region is censured to rule the global garment active insulation market. This owes due to the higher production for winter clothing and greater access to a wide consumer base. The market of North America is expected to have a considerable market share value and is anticipated to steadily grow over the coming years.
Players to Focus on Insulating Clothes Market
The global Insulating Clothes market is expected to stay fragmented with the increase in the number of new entrants in the coming years. The key players include, 3M Thinsulate, DuPont Sorona, Yotsugi Co. Ltd., Saf-T-Gard International, Inc., Magid Glove & Safety Manufacturing Company LLC, Bally Ribbon Mills, Auburn Manufacturing, Inc., Uvex Group, Tex Tech Industries, Lakeland Inc. and EIS Fabrico
3M: In March 2019, 3M introduced new sustainable insulation materials for application in the fashion and clothing industry at ISPO in Munich, Germany. With up to 100% recycled plastics and fabrics, 3M’s Thinsulate Insulation offers a sustainable alternative to natural materials such as cotton or down, thus reducing the fashion industry’s carbon footprint.
DuPont Industrial Biosciences: In February 2019, DuPont Industrial Biosciences (DuPont) and Natural Insulation Products Inc. (NIPI) announced a collaboration to create a new category of insulation. This partnership brings together two forward-thinking leaders in the materials space to explore new, innovative materials that will combine DuPont Sorona fibers and Thindown to enhance the warmth, comfort and design flexibility of insulation.
Protective Industrial Products, Inc.: In February 2019, Protective Industrial Products, Inc. (PIP), a leading North American supplier of hand protection and general safety products, proudly announces the signing of a definitive agreement to acquire West Chester Protective Gear (West Chester), headquartered in Cincinnati, OH, also a recognized leader in providing personal protective equipment to both the industrial and retail channels. PIP is a portfolio company of Audax Private Equity.
Scope of the Report
Key Reasons to Purchase this Report
Table of Content
Please fill out the form to receive sample pages of the report