Israel protective clothing market is projected to grow at a compound annual growth rate of 3.64% over the forecast period to attain a market size of US$40.335 million in 2027, from US$31.394 million in 2020.
The protective clothing market in Israel is projected to show good growth during the next five years. The growth of the market in Israel is significantly driven by the consistently growing end-user industries in the region, which majorly include technology, mining, and pharmaceuticals, among others. Furthermore, the well-established defense sector is also a primary driver for the growth of the protective clothing market throughout the forecast period. According to the Israeli Ministry of Foreign Affairs, the high-tech industry is growing at an annual rate of 8%, and 4.9 percent of the national gross domestic product is spent on these industries, the highest among all OECD countries.
Furthermore, the presence of a robust mining and manufacturing industry also provides an impetus for the market to surge during the coming years. Furthermore, the increasing investments in R&D along with innovation of products and solutions are constantly developed throughout the various industry verticals, which include space products, pharmaceuticals, food processing, and solar power. All these factors further supplement the growth of industries in the country and thereby positively impact the protective clothing market in the country in the coming years.
Moreover, the current outbreak of COVID-19 Coronavirus Disease throughout the country is also considered to be one of the prime factors for boosting the demand of protective clothing in the coming time. This, in turn, is also expected to add up to the market’s growth significantly during the short run.
The COVID-19 pandemic has increased the number of complaints from healthcare personnel about their working conditions and the scarcity of safety supplies. However, this element offers a fantastic opportunity for makers of protective garments to boost or extend their production capacity in order to effectively supply in the event of a pandemic epidemic in the future. This will support the expansion of the protective gear market in Israel. Furthermore, one of the main drivers for increasing the demand for protective clothing in the near future is thought to be the nationwide epidemic of COVID-19 Coronavirus Disease. This is also anticipated to contribute significantly to the market's growth in the immediate term.
The Israel protective clothing market has been segmented on the basis of type and end-user industry. By type, the market has been segmented as flame retardant apparel, chemical defensive garments, cleanroom clothing, mechanical protective clothing, and limited general-use clothing. By the end-user industry, the Israel protective clothing market has been classified into oil and gas, chemicals, pharmaceuticals, aerospace and defense, healthcare, and government.
|Market Size Value in 2020||US$31.394 million|
|Market Size Value in 2027||US$40.335 million|
|Growth Rate||CAGR of 3.64% from 2020 to 2027|
|Forecast Unit (Value)||USD Million|
|Segments Covered||Type, And End-User Industry|
|Companies Covered||3M, StemRad Ltd., Supergum, Ami-Safety Clothing|
|Customization Scope||Free report customization with purchase|
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