Personal Protective Equipment Market

Implementation of Strict Workers’ Safety Rules to Fuel Demand for Personal Protective
Equipment Market
According to a new research study by Transparency Market Research (TMR), the increasing
requirement of organizations to modify their business models in a bid to include frequently
changing rules and regulations is fueling the demand for personal protective equipment across the
world. The key players in the global personal protective equipment market, such as Avon Rubber,
3M Co., MSA SAFETY, Ansell Ltd., National Safety Apparel, National Safety Apparel, KimberlyClark Corp., Uvex Safety Group, Honeywell Safety Products, COFRA Holding AG, and Rock Fall
Ltd. are working consistently to meet the demand of consumers. Currently, these vendors are
emphasizing on product innovation to strengthen their foothold in the market. Over the coming
years, they are expected to involve increasingly into strategic partnerships to expand their regional
boundaries, notes the market study.
As per the research report, the global market for personal protective equipment market stood at
US$40.4 bn in 2016. The opportunity in this market is projected to expand at a CAGR of 7.0% over
the period from 2017 to 2025 and rise to US$72.08 bn by the end of the forecast period. The
manufacturing industry has surfaced as the leading end user of personal protective equipment and
the scenario is anticipated to remain so over the next few years. Among products, the demand for
fall protection equipment is relatively higher and researchers expect this trend to continue in the
near future, states the research report.
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Implementation of Strict Workers’ Safety Rules to Fuel Demand for Personal Protective
Equipment
“The rapid industrialization is the main driving force behind the growth of the worldwide market
for personal protective equipment,” says an analyst at TMR. The increasing awareness among
consumers pertaining to personal safety and the substantial increase in the manufacturing and the
transportation sectors are also propelling the market considerably.
On the other hand, the volatility in the raw material prices may hamper the market’s growth in the
near future. However, the increasing implementation of stringent rules and regulations for work
place safety by several government authorities is anticipated to support this market over the
forthcoming years, states the research report.
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