Global Personal Protective Equipment Market Is Expected To Reach USD 56.05 billion by 2021
Deerfield Beach, FL -- (SBWIRE) -- 07/24/2017 -- Zion Market Research has published a new report titled "Personal Protective Equipment (Hand Protection, Fall Protection, Protective Clothing, Professional Footwear, Head Protection, Respiratory Protection, and Others) Market for Construction & Manufacturing, Oil & Gas, Health Care, Petrochemicals, Food Industry, and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021. " According to the report, global demand for personal protective equipment market was valued at USD 37.35 billion in 2015, and is expected to generate revenue of USD 56.05 billion by end of 2021, growing at a CAGR of slightly above 7.0% between 2016 and 2021.
Personal protective equipment (PPE) refers to wearable equipment that protects the wearer's body from injuries, illness, and a variety of heat-borne, fire-borne, electrical, physical, chemical-borne, and airborne particulate matter. Some of the products are commonly used in personal protective equipment include protective clothing, goggles, industrial footwear, boots, face masks, hard hats, ear plugs, respirators, gloves, safety harnesses, and helmets. Personal protective equipment also finds application across various industries including construction & manufacturing, oil and gas, chemicals, healthcare, food industry, pharmaceuticals, transportation and others.
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The personal protective equipment market is mainly driven by advancement in technology and rising awareness about workplace safety. Rising foreign investments, rapid industrialization, and government regulations is expected to fuel the personal protective equipment market in the near future. However, high raw material costs and inexpensive products may pose challenge to the market growth in the next few years. Moreover, rising demand from Asia-Pacific region is projected to open new growth opportunities for personal protective equipment in the years to come.
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The personal protective equipment market is segmented on the basis of different products including hand protection, fall protection, protective clothing, professional footwear, head protection, respiratory protection, and others (hearing protection, eye & face protection, etc). In 2015, hand protection is one of the leading segments for personal protective equipment by type. A protective clothing product was another key outlet for personal protective equipment market. Professional footwear is also a largest segment in this market. In addition, fall protection is expected to fastest growing segment due to growing construction industry.
Various application segments of personal protective equipment market include construction & manufacturing, oil & gas, healthcare, petrochemicals, food industry, and others (firefighting, power & energy, etc). In terms of revenue, construction & manufacturing was leading segment in the personal protective equipment market. The construction segment is expected to grow at the fastest rate due to enormous growth in emerging economies such as India, China, and Brazil.
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Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. North America acquired the majority of share personal protective equipment market in 2015 followed by Europe. Asia Pacific is the fastest growing region in the next few years due to growing demand in construction & manufacturing industries mostly in emerging economies.
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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