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Personal Protective Equipment Market to Grow at a Rate of 7.0% CAGR During 2015-2021

Global Personal Protective Equipment Market Poised to Bring in $56.05 Bn by 2021

 

Deerfield Beach, FL -- (SBWIRE) -- 10/25/2017 -- 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. 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. "

The report covers forecast and analysis for the personal protective equipment market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based revenue (USD Billion). The study includes drivers and restraints for the personal protective equipment market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the personal protective equipment market on a global level.

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In order to give the users of this report a comprehensive view on the personal protective equipment market, we have to include competitive landscape and analysis of Porter's Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein product segments and application segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research& development, product and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, the product portfolio of various companies along with patent analysis (2011-2016) bifurcated into a patent trend, patent share by company and patent analysis according to the region.

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Professional footwear is one of the most important segments for 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.