South Korea protective clothing market is projected to grow at a compound annual growth rate of 4.58% over the forecast period to attain a market size of US$266.030 million in 2027, from US$194.461 million in 2020.
Strict workers’ safety regulations in the country significantly drive the market growth of protective clothing in South Korea. The growing aerospace industry is another factor behind the augmenting demand for protective clothing in the country. According to the International Trade Administration (IEA), the country’s aerospace industry market size increased from US$7,859 million in 2016 to US$6,732 million in 2018. Rising investments in the healthcare sector will further bolster the market growth of protective clothing in South Korea during the forecast period. Supportive government policies and measures to ramp up the growth of the domestic pharmaceutical industry are also contributing to the escalating demand for protective clothing, thereby driving the overall market growth.
The recent spread of COVID-19 around the world is also fuelling the demand for protective clothing in the country. With the growing risk of infection and soaring demand for checks, many local governments in South Korea have launched many ‘drive-thru’ testing facilities across the country. As such, the demand for protective clothing is surging, thus positively impacting the overall market growth in the country. Furthermore, surging exports of protective clothing to other countries amid the COVID-19 crisis are also contributing to the market growth in the country. For example, South Korea sent 500,000 protective gowns to various regions in Indonesia.
In the early stages of a coronavirus pandemic outbreak, the government of South Korea had mandated the use of protective clothing to lower the risk of infection. All health workers who would have been working on the front lines to combat the pandemic were given a PPE kit, which led to an increase in demand for the protective kit, which later led to a scarcity of protective clothing products, most of which were unavailable. Global PPE supply and demand in 2020 were significantly impacted by COVID-19. Since NHS and care professionals began to demand protective gear and equipment against potential COVID-19 exposure in patients, coworkers, and the general public in March, the demand for personal protective equipment has soared.
South Korea Protective Clothing market has been segmented based on the type and end-user industry. By type, the market has been segmented as flame retardant apparel, chemical defending garments, cleanroom clothing, mechanical protective clothing, and limited general-use clothing. By the end-user industry, South Korea's protective clothing market has been classified into oil and gas, chemical, pharmaceuticals, aerospace and defense, healthcare, and government.
|Market Size Value in 2020||US$194.461 million|
|Market Size Value in 2027||US$266.030 million|
|Growth Rate||CAGR of 4.58% from 2020 to 2027|
|Forecast Unit (Value)||USD Million|
|Segments Covered||Type, And End-User Industry|
|Companies Covered||Honeywell International Inc., 3M, MSA|
|Customization Scope||Free report customization with purchase|
All our studies come with 2 months of analyst support.
We are in compliance with the global privacy laws.