Global Industrial Protective Clothing Fabrics Market: Heightened Safety Concerns in APAC Industries Reflected in Demand, says TMR
Nearly 27.2% of the global industrial protective clothing fabrics market was taken up by its three leading players in 2015. With a large portion of the market left to regional players, the global ones such as Milliken & Company, Teijin Aramid, and TenCate are looking for greater coverage through establishing new manufacturing capacities in new regions as well as manage newer mergers and acquisitions. According to a research report released by Transparency Market Research, the global industrial protective clothing fabrics market holds a highly intense competitive landscape due to the large number of manufacturers involved regionally, while a smaller proportion of the market value is taken up by globally prominent entities. At the same time, the scope of entry for new players is low, owing the expensive entry barriers they have to cross, coupled with the goodwill and long-term contracts already held by the existing players. The global industrial protective clothi...