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Construction Safety Net Market |
The construction safety net market comprises nets used to protect workers and equipment from falling at construction and infrastructure sites. Safety nets are essential for construction activities carried out at dangerous heights such as roofing, erecting frameworks for buildings, bridges and infrastructure development projects. They prevent injury and loss of life from accidental falls at construction zones. Factors such as rapid urbanization, industrialization and infrastructure development drives the demand for construction and thereby the need for safety nets to ensure a safe working environment. Strict construction safety regulations mandated by governments across countries has made the use of safety nets mandatory. non-compliance can result in heavy penalties being imposed on contractors and developers.
Key players operating in the construction safety net market are Heraeus
Holding, PPG Industries, Inc., Akzo Nobel N.V., The Sherwin-Williams Company
and AnCatt Inc. These players are focusing on expanding their product portfolio
and global footprint by entering new geographies.
Strict safety regulations mandated by governments across major countries have made the use of safety nets mandatory at construction sites. Non-compliance can result in heavy penalties being imposed on contractors and developers. This is a key driver fuelling demand for construction safety nets.
Rise in infrastructure development projects such as roads, bridges, metros,
dams and other civil construction has increased the need for safety nets to
protect workers at height. This is positively impacting the growth of the
construction safety net market.
Market Restraints
Availability of cheaper alternatives such as makeshift nets made of ropes or metal wires can hinder the sales of branded construction safety nets. This poses a major challenge for leading players
.Fluctuations in raw material prices impacts the operating margins of construction safety net manufacturers. The prices of raw materials such as synthetic fibers, resins, and paints depend on crude oil prices which are volatile in nature. This acts as a key market restraint.
Global Analysis
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