Increased demand for security protection Increased competition in cheap import markets

Security protection, as the name suggests, is to achieve or achieve security through the means of prevention. This is the basic content of security protection. In 2013, the global market for security and protection products had sales of approximately US$22 billion, and the average annual growth rate of the market reached 6%. This market has been showing a slow growth trend until 2009, but since 2010, the market has rebounded and achieved a 5% growth.

The US sales of safety and protection products reached 5 billion U.S. dollars in 2013 and grew by 5 to 7 percentage points per year. In 2013, the profit rate of the US security and protection product supply market was 17%. The reason for this figure was mainly the investment and acquisition of large multinational companies and the development of new technologies, which made it difficult for smaller companies to enter the market and compete.

The market for industrial protective clothing in the US and Europe accounts for more than half of the global market for industrial protective clothing. Worldwide, the flame-retardant protective clothing market has experienced the fastest growth in the Asia Pacific region, reaching US$430 million in 2013. Its growth in Asia was mainly driven by the construction of new manufacturing plants in the Middle East, India, China and Vietnam and the smooth start of new construction projects. For example, Japan’s Ministry of Defense’s Institute of Technology and the British National Defense Science Laboratory collaborated on the development of the latest protective clothing penetration materials; Teijin Corporation announced that it will invest 50 million yen in the development of recycled polyester fiber wet strength printing paper that can be used for military shoe protection. .

In addition, in addition to being the most populous country in the world, China and India also have a large number of industrial workers who are not protected (not wearing protective clothing). However, with the improvement of safety consciousness of industrial workers and the introduction of relevant government policies of various countries, workers' protective clothing operations have been changed from voluntary to necessary, which makes the protective clothing market have unlimited growth potential in the future. "Made in Asia" has a pivotal position in global manufacturing. Therefore, the demand for protective articles for workers in the future will only grow.

In October 2013, the International Association of Industrial Textiles conducted a survey on the safety and protection products market in the United States. According to the report, U.S. safety and protection product suppliers and manufacturers anticipate global safety in 2014 compared to 2013. Sales to the protective product market are expected to increase by 6%. These markets include military apparel, construction and industrial and automotive industries.

It is worth mentioning that the automotive industry will have the strongest influence on the safety and protection product market in 2014, and the application of automotive security products will increase significantly, becoming a “dark horse” in the field of security protection. In addition, end-product manufacturers in the traditional security and protection product market will continue to face fierce competition from China's cheap imported products.

This website solemnly declares: This article is the reprint of the online media, only represents the author's point of view, has nothing to do with this site. If news articles and comments infringe your legal rights, please call us and we will handle it in a timely manner.