Personal Protective Equipment Market share, 2021 : Industry Will Reach 56.05 billion by 2021

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Personal Protective Equipment Market share, 2021 : Industry Will Reach 56.05 billion by 2021
Personal Protective Equipment Market
Personal Protective Equipment Market

According to the report, global demand for personal protective equipment market is expected to generate revenue of USD 56.05 billion by end of 2021, growing at a CAGR of slightly above 7.0% till 2021.

Personal protective equipment is generally referred to as PPE. PPE means any devices designed to be worn or held by an individual for protection against one or more health and safety hazard. Personal protective equipment refers to goggles, helmets protective clothing, or other garments crafted to protect the wearer’s body from illness or injuries. Personal protective equipment is used to protect the user from a range of hazards such as chemicals, electrical, physical, mechanical, radiological, heat, airborne particulate matter and biohazards. Respiratory, skin protection, eye protection, hearing protection, protective clothing, and ensembles are the main product of personal protective equipment.

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Advancement in technology is expected to be the major driver for the personal protective equipment market. Rising awareness about workplace safety is expected to support the personal protective equipment market growth in the near future. Rising foreign investments, rapid industrialization, and government regulations in future also improve the demand for the global personal protective equipment market. However, high raw material costs may curb the demand for personal protective equipment within the forecast period.

Based on product type, personal protective equipment market has been segmented into hand protection, fall protection, protective clothing, professional footwear, eye & face protection, head protection, respiratory protection, and others (hearing protection, eye & face protection, etc).

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Professional footwear is one of the most important segments of personal protective equipment.  This segment is expected to continue its dominance in the global market throughout the forecast period. The protective clothing product expected to grow at a moderate rate in the forecast period. Furthermore, fall protection is projected to witness rapid growth due to growing construction industry in Asia Pacific and the Middle East.

Different application segments of the personal protective equipment market include construction & manufacturing, oil & gas, healthcare, petrochemicals, food industry, and others (firefighting, power & energy, etc). Construction & manufacturing industry dominated the personal protective equipment market in 2015. It is expected to grow at a significant rate due to increasing infrastructure costs in emerging economies such as India and China. In 2015, the construction segment is expected to witness the highest growth over the next few years owing to enormous growth in emerging economies such as India, China, and Brazil.

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North America is one of the dominating regions and it accounted for over 26% of the market share in 2015. North America is followed by Europe and Asia Pacific in terms of demand for personal protective equipment. Asia Pacific is expected to be the fastest growing region in the next few years due to growing product demand in construction and manufacturing industries mostly in emerging economies including China, Indonesia, Vietnam, and India. Europe is expected to grow at a moderate rate in near future due to increasing demand for the automated manufacturing industry in the region.

Some of the key players in personal protective equipment market include Honeywell International Inc, Alpha Pro Tech Ltd.,Du Pont,  3M Company, Ansell, Adians, Delta Plus, Rock Fall Limited, Uvex Safety Group.

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