The Global Market for Personal Protective Equipment is Projected to Reach US$54.3 Billion by 2024
Stringent Regulations with
Focus on Employee Safety Drives Growth in the Global Personal Protective
Equipment Market, According to a New Report by Global Industry Analysts,
Inc.
GIA launches comprehensive analysis of
industry segments, trends, growth drivers, market share, size and demand
forecasts on the global Personal Protective Equipment market. The global market for Personal Protective Equipment is
projected to reach US$54.3 billion by 2024, driven by regulatory tightening on legislated employee safety standards
and employee attitude shift towards compliance supported by technological
advances and rising awareness.
The global personal protective equipment
(PPE) market is flourishing with rapid industrialization and expanding
industrial sectors. The emergence of new industrial sectors is likely to create
job opportunities and lead to new manufacturing processes that support most
advanced projects along with appropriate technology. Identification and
revaluation of potential hazards to the safety of employees is quintessential
in today’s competitive business climate. Developing enhanced working conditions
while safeguarding employees’ health has become even more crucial in view of
heightened competition and growing sophistication of business projects. Two of
the biggest benefits of creating a strong safety culture are loss prevention
and optimum risk management, both of which carry social, economic and financial
benefits.
There is growing awareness among
companies over the damages and losses caused by improper or negligent
implementation of safety protocols. Companies are therefore exhibiting
increased commitment to build a robust safety culture by continuous safety
measurement, assessment and adaptation. PPE products greatly contribute to
reducing the extent of injuries and accidents associated with potentially
unsafe workplace conditions. Irrespective to the use of PPE products to
minimize exposure to hazards, workplace accidents and injuries continue to
transpire. These injuries and illnesses occur due to various reasons such as
noncompliance with a specific PPE product, lack of proper high-visibility clothing, and inappropriate selection of a PPE for a certain
task. Accordingly, manufacturers are incorporating new features into products
to avoid and reduce workplace accidents altogether. The future will witness the
emergence of user-friendly products with greater protection features capable to
reduce fatal occupational accidents. Employers and companies will also play
active role to ensure easy accessibility to protection equipment for enhanced
workplace safety.
The latest PPE trends mainly focus on comfort,
sustainability and good fit and are expected to enhance the hearing and
respiratory protection. Fitting is vital in case of PPE as one size does not
fit all, specifically in case of respiratory and hearing protection. However,
innovative fit testing techniques designed for hearing and respiratory protection are beneficial as they provide suitable PPE for each
individual consumer. The market for safety apparel at the global level is
driven by the factors of increased awareness about personal safety among
employers as well as workers and government regulations becoming more stringent
in the area of worker safety. Innovations in ergonomics are the primary focus areas
of respiratory protection systems manufacturers around the world. In order to
tackle the lens fogging issue, manufacturers of safety eyewear are relying on
advanced anti-fog technology, which are made through ‘baked-in’ method or by
applying a topical treatment on lens surface.
As stated by the new market research
report on Personal Protective Equipment, the United States represents the largest market
worldwide. With increased awareness about occupational hazards among
workers employed in manufacturing and related sectors such as construction, oil
and gas and automobile and creation of a secure working environment, Asia-Pacific is forecast to emerge as the fastest
growing market with a CAGR of 8.0% over the analysis period. Flaunting largest
labor market in the world, China leads within Asia to provide lucrative
opportunities for manufacturers of PPE.
Major players in the market include 3M
Company, Scott Safety, Alpha Pro Tech Ltd., Ansell Ltd., Ansell Protective
Solutions AB, Avon Rubber Plc, BartelsRieger Atemschutztechnik GmbH, Bekina®
Boots NV, Cardinal Health, Inc., DowDuPont, Draegerwerk AG & Co. KGaA, E D
Bullard Company, Gateway Safety, Inc., Grolls, Hartalega Holdings Bhd,
Honeywell International, Inc., Interspiro AB, Jallatte Group, Johnson Controls,
JSP Ltd., Kimberly-Clark Corp., Lakeland Industries, Inc., Lindström Group,
Louis M. Gerson Co., Inc., MCR Safety, Moldex, MSA Safety Inc., Polison Corp., Radians,
Inc., Rock Fall (UK) Ltd., Saf-T-Gard International, Inc., and Top Glove
Corporation Bhd, among others.
The
research report titled “Personal Protective Equipment:
A Global Strategic Business Report” announced by Global Industry Analysts Inc.,
provides a comprehensive review
of market trends, issues, drivers, mergers, acquisitions and other strategic
industry activities of global companies.
The report provides market estimates and projections for all major
geographic markets such as the US, Canada, Japan, Europe (France, Germany,
Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and
Rest of Asia-Pacific), Middle East & Africa and Latin America. Product
segments analyzed in the report include: Protective Clothing, Respiratory
Protection Equipment, Eye & Face Protection Equipment, Hearing Protection
Equipment, Head Protection Equipment, Fall Protection Equipment, Gloves, and
Footwear. End-use sectors analyzed in the report for global market only
include: Construction, Manufacturing, Healthcare, Transport, Mining and Others.
For
enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
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