Personal Protective Equipment Market to amass US $81.35 BN by 2026

June 07, 2019

Worldwide Personal Protective Equipment Market is predicted to surpass US $81.35 billion by the year 2026, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2017-2026.

According to the report, the global personal protective equipment market is gaining traction due to the rising concerns of employers regarding the safety of their employees. Employees working in industries are often susceptible to various hazards such as coming across sharp objects, intolerably loud noise, flying sparks, falling objects, dangerous chemicals, etc.

Companies belonging particularly to the manufacturing, construction, and industrial sectors have understood the importance of taking precautions to prevent any fatal damage to their workers. As per the report, several regulatory bodies have brought out certain guidelines for promoting the health and safety of workers.

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For instance, the US-based OSHA (Occupational Safety & Health Administration) formulates standards to uphold a safe and healthy work environment for employees. OSHA mandates the use of personal protective equipment such as 29 CFR 1910.137 (Electrical protective equipment), 29 CFR 1910.135 (Head protection), and 29 CFR 1910.138 (Hand protection), and 29 CFR1910.136 (Foot protection), among others. In association with other agencies such as NIOSH (National Institute for Occupational Safety & Health) and NFPA (National Fire Protection Association), OSHA standardizes guidelines pertaining to work environment.

The product landscape of the global PPE market is fragmented into eye protection, head protection, hand protection, fall protection, hearing protection, professional footwear, protective clothing, and respiratory protection. Market analysts speculate that the professional footwear segment would witness the highest growth in the PPE market worldwide due to its broad application range spanning across multiple industries. Professional footwear is widely used for protection against sharp-edged objects, and helps in preventing direct contact with harmful chemicals.

The geographical arena of the personal protective equipment market is divided into North America, Asia Pacific, Europe, South America, and Middle East & Africa. The North America market consists of the United States and Canada, whereas the European market comprises the United Kingdom, France, and Germany. The South America region covers Brazil and Mexico, and the Asia Pacific region is fragmented into India, China, and Japan.

With respect to the end-user landscape, the global PPE market is segmented into the manufacturing, transportation, chemicals, food & beverages, construction, mining, and oil & gas. The findings of the report reveal that the construction sector is one of largest end-user verticals, experiencing the greatest application of personal protective equipment.  This industry is reportedly booming in the Asia Pacific region, given the high investment by emerging nations in infrastructural facilities. The report further cites that North America bagged the largest market share in the global PPE market in the year 2017.

The renowned companies operating in the global personal protective equipment market include Honeywell International Inc., MSA Safety Inc., Oftenrich Holdings Co. Ltd., COFRA Holding AG, 3M Company, Rock Fall Ltd., JAL Group, Rahman Group, Ansell Ltd., Alpha Pro. Tech Ltd., Golden Chang, and Avon Rubber Plc.

The report further analyses these market players, in the light of their strong points, business tactics, and market performance. The company profiles of these players are documented in the study, alongside their business overview, product benchmarking, financials, and recent developments.