- Category: Widget
- Published: Wednesday, 08 April 2015 14:08
- Written by Isaac
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Variety of Products Gives Zip To Zippers
Staten Island commercial bank says fresh thinking can spur business growth
STATEN ISLAND, N.Y. – Commonplace to the extent of almost being taken for granted, zippers comprise a market driven by strong demand for apparel, footwear and luggage.
Victory State Bank, Staten Island's only community- based business bank, posits that insights can be gained from the innovations giving renewed vigor to a product otherwise considered rather ordinary.
Globally, the market is expanding and shows how fresh thinking, combined with new technology and needs, can foster opportunities for growth, the bank contends.
In U.S. dollars the size of the worldwide market is estimated to reach $13.7 billion by 2020, just five years away.
A market profile compiled by Global Industry Analysts, Inc., (GIA) in San Jose, Calif., notes that zippers are indispensable fastening devices which find ubiquitous use in textiles, apparel, footwear, furnishings, automotive upholstery and luggage.
Virtually every piece of garment has zip fasteners to secure them in place, the publisher of off-the-shelf market research says.
From trousers, jackets and boots to shirts and handbags, zippers are used join two pieces of fabric.
A key factor driving growth in the market include recovering demand in the apparel, luggage and footwear industries as a result of growing GDP, changing lifestyles, heightened fashion consciousness, rising standards of living, and disposable income, GIA observes.
Innovations in the mechanical design and functionality of zippers are also expected to spur growth in the market, the findings predict.
Air tight, waterproof and flame-resistant zippers are opening up new avenues for growth in the market, GIA says.
Airtight zippers are described as extremely useful in the design and production of completely airtight suits for astronauts and aircrew.
Similarly, waterproof zippers are analogous to airtight zippers and are used in waterproof products such as immersion suits that keep divers and scuba divers dry and warm in cold waters.
Manufacturers are also customizing products based on specific requirements of clients by offering zippers, zipper pullers, sliders and tapes in various colors and finishes.
In addition, the growing prominence of exposed zippers as a hot fashion trend is benefiting growth in the apparel industry, the research notes. A major market trend influencing growth is the replacement of metallic with plastic zippers.
Although metal zippers are firm, strong, and durable, they are susceptible to corrosion when exposed to oxides and chemicals, GIA says. Plastic zippers, on the other hand, require less maintenance.
Apart from corrosion, metal zippers are heavy and tend to add to the overall weight of the garment, luggage or accessory, the research states.
Strong automobile production in the Asia-Pacific region is encouraging uses of zippers, especially flame retardant spiral zips, for seat covers and other vehicle upholstery systems, according to GIA's recent “Zippers: A Global Strategic Business Report.”
About Victory State Bank
VSB Bancorp, Inc. (OTCQX: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full- service locations on the Island: The main office is in the community of Great Kills, and branches are in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718- 979-1100 or visited online at www.VictoryStateBank.com.