Albany, NY -- (SBWIRE) -- 11/25/2015 -- According to a report published by Transparency Market Research, the global personal protective market, as against its value of US$33,952.5 million in 2013, is anticipated to reach US$55,509.1 million by 2020. If the estimates hold true, the market is poised to exhibit a positive 7.3% CAGR between 2014 and 2020. The report is titled "Personal Protective Equipment Market - Global Industry Analysis, Trend, Size, Share and Forecast 2014 - 2020" and is available on the company website for sale. Stringent regulations imposed by governments and growing awareness regarding workplace safety are the key factors driving the global personal protective equipment market. Apart from this, increasing foreign investment and rapid industrialization witnessed by developing economies of Asia Pacific, South America, and Africa are also likely to boost the demand for personal protective equipment.

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Based on the product types, the personal protective equipment market is segmented in the report into hearing protection, head, eye, and face protection, fall protection, respiratory protection, professional footwear, hand protection, and protective clothing.These diverse types of personal protection equipment find application across industries such as manufacturing, construction, oil and gas, food, chemicals, pharmaceutical, transportations, and others. These industries constitute the major end-use segments of the global personal protective equipment market, which the report studies in detail. Other end uses of personal protective equipment include small-scale manufacturing utilities, the unorganized sector, government usage, and agriculture. Since developing countries showcase lucrative opportunities for the protective equipment market to prosper, an increasing number of international players have expressed their keenness to venture into these economies.

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Among the diverse types of personal protective equipment, professional footwear accounts for the largest share in the market. The market value of the segment was an impressive US$7,005.8 million in 2013. However, the report projects the market for fall protection equipment to register the fastest growth during the forecast period, developing at an 8.8% CAGR between 2014 and 2020. The growth curve of the segment is charted by robust industrialization and exponential growth of construction activities. Among the application segments, manufacturing accounted for the largest share of the market and was valued at US$6,714.1 million in 2013. However, exhibiting a 7.8% CAGR, transportation is most likely to emerge as the fastest growing segment in the market during the report's forecast period. The exponentially increasing operations of the logistics industry are also fuelling the demand for personal protective equipment. In addition, government regulations mandating the maintenance of strict standards at workplaces to ensure a safe work environment are also boosting the market for personal protective equipment around the world. Apart from presenting an in-depth study on the aforementioned information, the report also analyzes the competitive landscape of the market. It examines the key strategies adopted by the major industry participants such as Alpha Pro. Tech, Ltd., 3M Co., Ansell Ltd., and others and studies their impact on the market's growth trajectory.

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Personal Protective Equipment Market, by Application
Construction
Manufacturing
Oil and Gas
Chemicals
Food
Pharmaceuticals
Transportation
Others

Personal Protective Equipment Market, by Type
Head, eye and face protection
Hearing protection
Protective clothing
Respiratory protection
Professional footwear
Fall protection
Hand protection
Others

Personal Protective Equipment Market, by Geography:
North America
Europe
Russia
Middle East
Asia Pacific
South America
Africa

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About Transparency Market Research (TMR)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.