Personal Protective Equipment Market Size, Trends, Shares, Insights, Forecast - Coherent market insights


Posted January 7, 2021 by apeksham

The global personal protective equipment market was estimated to be valued more than US$ 55 billion in terms of revenue in 2019.
 
Personal protective equipment is a safety tool used by workers to protect against hazards at the workplace. Protective clothing, respiratory protection, head eye and face protection, hearing protection, fall protection, professional footwear, and hand protection are some of the personal protective equipment.

The global personal protective equipment market is projected to surpass US$ 55 billion by the end of 2027, in terms of revenue, growing at CAGR of 8.3% during the forecast period (2020 to 2027).

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Drivers

High demand for personal protective equipment from the chemical industry is projected to propel the market growth. In the chemical industry workers are required to safeguard themselves from hazardous chemicals as these chemicals lead to various health issues. Increasing investment by government on the worker's safety in the chemical industry is another major factor augmenting the market growth of the personal protective equipment.

Growing awareness regarding the importance of workplace safety is expected to drive the market growth of the personal protective equipment. The growing need for respiratory equipment across mining industry coupled with the increasing instance of hand injuries at the workplace is also projected to spur demand for the hand personal protective equipment such as gloves over the forecast timeframe. Hence, growing awareness regarding the importance of workplace safety is projected to foster the market growth.

Regionally, Europe dominated the global personal protective equipment market in 2019, reporting 33% market share in terms of revenue, followed by North America and Asia-pacific, respectively.

Global Personal Protective Equipment Market - Impact of Coronavirus (Covid-19) Pandemic

World Health Organization (WHO) is focusing on working with governments and industry to boost the production rate of PPEs. According to WHO estimates, in order to meet the rising global demand, manufacturers are required to increase the PPE production by 40%. Governments are focusing on easing restrictions on the export and distribution of personal protective equipment and other medical supplies to ramp up production. This is expected to fuel the growth of personal protective equipment market in next few years till mid quarter of 2022.

Competitive Section

Key players are operating in the global personal protective equipment market are 3M Co., Alpha Pro Tech, Ltd., Ansell Ltd., Avon Rubber P.L.C., Jal Group, Cofra Holding Ag, Oftenrich Holdings Company Limited, Honeywell Safety Products, Rock Fall Ltd. And Uvex Safety Group

Few Recent Developments

In April 2019, 3M has collaborated with Cummins to speed up the production of high-efficiency particulate filters to be used in 3M's powered air-purifying respirators (PAPRs).
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Issued By Mr. shah
Country United States
Categories Business
Tags personal protective equipment market
Last Updated January 7, 2021