26 November
2018, The global Personal Protective Equipment Market to
reach USD 55.6 billion by 2028, owing to the increasing awareness towards
employee health and safety issues at work place coupled with rising industrial
fatalities in emerging economies on account of shortage or lack of protective
gear. Technological innovation, along with changing consumer needs for
protective equipment which offers complete safety and is fashionable and
appealing at the same time is further estimated to augment the market over the
forecast period.
Europe
emerged as the leading regional market for PPE accounting for more than 32% of
the market revenue share over the forecast period. The implementation of strict
safety standards by regulatory agencies such as Occupational Safety and Health
Administration (OSHA) mainly in Europe and North America is expected to fuel
the need to use personal protective equipment over the forecast period.
Increasing
occupational fatalities coupled with requirement for high durable mechanical
wear resistance and high utility protective gears in most of the core
industries such as oil & gas, refining, metal manufacturing and automotive
is expected to augment penetration of the segment over the forecast period.
Increase in the use of PPE coupled with rapid industrialization in emerging
economies such as China, India, and Brazil is expected to drive durable
protective clothing segment in foreseeable future. Favorable regulatory
scenario to minimize occupational hazards across various regions is also
expected to have a positive influence on the market growth. Increasing
construction activities in Asia Pacific and Middle East is also expected to
fuel the industrial protective clothing demand.
Protective
clothing segment accounted for more than 23% of the market share owing to the
growing occupational hazards coupled with the mandatory implementation of
regulations to use protective clothing in most of the core industries such as
oil & gas, refining, metal manufacturing and automotive is expected to
augment market growth of the protective clothing segment over the forecast
period.
Construction
is anticipated to be the fastest growing application segment for personal
protective equipment in future on account of rising constructional activities
in Asia Pacific and Central & South America. Overhead costs associated with
workplace fatalities is expected to increase product penetration in the segment
over the foreseeable future.
Growing
manufacturing capabilities in Asian countries is anticipated to decrease
quality gap between national brands and private labels. PPE manufacturers are
investing heavily in R&D and strengthening customer engagement in order to
gain consumer preferences and cater to definite needs across industries and
price points in the global PPE market. Some national brand manufacturers
actively offer private label services in specific commoditized PPE segments.
This creates competition between the national brand product and the distributor
owned private label brand product. The major players are focusing on quality,
service and innovation to differentiate themselves from national brands in the
market by adopting strategies such as product portfolio expansion, capacity
expansions, and development of new facilities to gain market share.
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Details of Report @ https://www.hexaresearch.com/research-report/personal-protective-equipment-ppe-market
Hexa Research has segmented the global
personal protective equipment market report based on product type, application
and region:
Segmentation
by product type, 2015 - 2028
•
Head, Eye and Face Protection
•
Hearing Protection
•
Hand Protection
•
Fall Protection
•
Respiratory Protection
•
Protective Clothing
•
Foot Protection
Segmentation
by application, 2015 - 2028
•
Mining
•
Manufacturing
•
Construction
•
Oil & Gas
•
Others
Segmentation
by region, 2015 - 2028
•
North America
• U.S.
•
Europe
• Germany
• UK
•
Asia Pacific
• China
• India
•
Central & South America
•
Middle East & Africa
Key
players analyzed:
•
Honeywell International Inc.
•
3M
•
MSA
•
DuPont
•
Ansell
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