According to a report by GMI, worldwide personal protective equipment market size is projected to cross US$70 bn by 2024. Rapid industrialization along with skilled labor requirements may augment PPE market over the projected timeframe. Increasing construction and infrastructure projects India, China, and the U.S. may create immense opportunity for the market expansion. Growth in workplace accidents, fatal injuries adding to reimbursement cost for the manufacturer have promoted the use of personal protective equipment, thus driving industry growth. —
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Personal Protective Equipment Industry impact forces:
1 Growth drivers
1.1 Favorable regulations for occupational safety
1.2 Safety and security compliances at workplace
1.3 Increasing infrastructure project investment in APAC and MEA
2 Industry pitfalls & challenges
2.1 Raw material cost concerns
2.2 Complexity in manufacturing process
UK personal protective equipment market is anticipated to reach over USD 1.5 billion by 2024. Presence of large number of safety device manufacturers supported by stringent industrial safety norms and quality standards will favor industry growth. Germany PPE market size is anticipated to surpass USD 5.5 billion by 2024. In food processing industry, food is handled selecting the right safety equipment including gloves, apron, and caps. Majorly to avoid cuts, injuries to the skin & hands, and to avoid health risks to consumers from contaminated food ingredients.
U.S. personal protective equipment market from oil & gas application may surpass USD 4.5 billion by 2024. This equipment protects the workers from oil spills, splashes and slips. Manufacturers initiatives regarding organizing training programs and guidance on usage of PPE equipment has led to rise in product demand. Growing shale gas exploration and extracting activities supported by technical advancements will propel industry growth in this region.
Browse key industry insights spread across 325 pages with 385 market data tables & 28 figures & charts from the report, “Personal Protection Equipment Market Share & Forecast, 2017 – 2024 " in detail along with the table of contents:
Personal Protective Equipment market size from oil & gas application may exceed to USD 12 billion up to 2024. Fuel deposits are found in natural underground reservoirs both offshore and onshore. These fields are then drilled and pumped by using heavy machineries. Workers need strong protection against all these potential dangers including oil spills, risk of flammability, and fall to work comfortably in their protective garments will drive the market demand.
Personal Protective Equipment market size from chemical application is anticipated to exceed USD 7.5 billion by 2024. PPE is used by workers to eliminate exposure to harmful chemicals. Chemicals can cause injury through direct skin contact, by inhalation of fumes vapors and dust. Typical products utilized include skin protection, eye protection and face shields which would drive product demand.
Respiratory protection register gains close to 7.5% by 2024. Growing application potential in healthcare & medical industry to guard from germs, sprays, splatters and splashes supported by government initiatives including respiratory protection program is likely promote product demand.
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Global Personal Protective Equipment (PPE) market share is competitive and moderately fragmented with some of the manufactures which includes 3M, Ansell Ltd., Honeywell, JAL Group, MSA, DuPont. Companies are focused to manufacture innovative safety products which can have utilization in various end-use industry.
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