close

Enter

Log in using OpenID

Personal Protective Equipment Market

embed
North America was the dominant region in the global personal protective equipment market in 2016, with a revenue of US$ 14.83 billion, and is expected to retain its dominance throughout the forecast period.
Personal Protective Equipment Market,
By Product Type, End-use Industry and
Geography - Trends and Forecast to
2025
Personal protective equipment (PPE) refers to protective helmets, clothing, footwear,
goggles, or other equipment that are designed to protect the wearer’s body from
infection or injury. These aid in protecting the body against high volt electric current,
certain chemicals, excessive heat, biohazards, and others. Personal protective
equipment can be used for various purposes such as occupational safety, sports, and
for recreational activities.
Increasing awareness regarding the importance of occupational safety and stringent
regulatory framework related to it are major drivers for growth of the personal protective
equipment market. For instance, the European Union developed directives to improve
safety and health at work and to ensure the quality of PPE is maintained. The directive
covers marketing and manufacturing of personal protective equipment and must comply
with basic safety and health requirements. However, low awareness about the use of
personal protective equipment is anticipated to restrain growth of this market. For
instance, according to National Center for Biotechnology Information (NCBI), 2014,
Nigeria and South Africa reported poor usage of PPE, where only 35.9% of welders in
Nigeria use PPE.
Download PDF Brochure at :
https://www.coherentmarketinsights.com/insight/request-pdf/1355
Professional footwear is the most widely used product and the segment accounted for a
market share of 32.50% in 2016 and is expected to retain its dominance throughout the
forecast period. For instance, according to the U.S. Department of Labor, out of 12
million work related injuries that occur on an average per year, 10% of the injuries are
related to ankles and feet. Moreover, Occupational Health and Safety (OHS), reported
250,000 foot injuries per year, that is an average of one injury every 30 seconds.
Manufacturing industry is the major end user of personal protective equipment and the
segment is expected to account for the largest share in 2016 and is expected to retain
market dominance throughout the forecast period. This includes industries such as
metal, paper, and wood & wood products. Therefore, the type of PPE depends on the
type of manufacturing industry. According to India Brand Equity Foundation, trust
established by the Department of Commerce, Ministry of Commerce and Industry,
Government of India, the manufacturing sector in India witnessed a CAGR of 7.32% in
FY12 to FY17. The FDI (Foreign Direct Investment) in India has immensely contributed
to the manufacturing sector with US$ 72.32 billion in 2000 to 2017. Moreover, according
to Bureau of Labor Statistics, 2017, there are around 15.4 million people working in the
manufacturing industry in the U.S. Therefore, this is expected to aid in growth of the
segment over the forecast period.
North America was the dominant region in the global personal protective equipment
market in 2016, with a revenue of US$ 14.83 billion, and is expected to retain its
dominance throughout the forecast period. This is owing to the adoption of personal
protective equipment across various growing industries such as construction industry.
For instance, according to the United States census bureau, value of construction
increased by 4.5% in 2016 from 2015 in U.S.
Asia Pacific was the fastest growing region in the global personal protective equipment
market in 2016 with a CAGR of 6.63%. Growth is attributed to rapid growth of various
industries such as construction, oil and gas, food & beverage, and others in the region.
According to International Trade Association, the construction industry in China was
US$ 717.71 US$ in 2016 and is expected to increase to US$ 1042.17 billion in 2021.
Moreover, major players in this region are focusing on enhancing their market share,
through mergers and acquisitions strategy. For instance, in 2015, Ansell Limited —a
manufacturer of protective solutions—acquired Microgard Ltd., a UK manufacturer of
protective clothing, for US$ 88 million, to enhance the company’s body protection
business.
Key players in the market are focusing on various strategies such as extensive research
and development activities, mergers and acquisitions, joint ventures and partnerships,
and geographical expansions in order to enhance their market share. For instance, in
2017, 3M Company entered into an agreement to acquire Scott Safety Company—a
manufacturer of respiratory and personal protective equipment—for US$ 2 billion, to
further enhance the company’s personal safety product portfolio.
Major players in the global personal protection equipment market are 3M Company,
Mine Safety Appliances Company, Ansell Limited, National Safety Apparel Inc., UVEX,
Kimberly-Clark Corp., Honeywell International Inc., Avon Rubber Plc. (Subsidiary of
Cooper Tire & Rubber Company), Rock Fall Ltd and Top Glove Corporation.
For More Information :
https://bit.ly/2whDSY1
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering
action-ready syndicated research reports, custom market analysis, consulting services,
and competitive analysis through various recommendations related to emerging market
trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
Visit our New Website :​ ​https://www.coherentwire.com
Author
aniket
aniket158   documents Email
Document
Category
Business and Leadership
Views
7
File Size
67 KB
Tags
market, Personal Protective Equipment Market
1/--pages
Report inappropriate content