Press release
Personal Protective Equipment Market: Untapped Opportunities in Emerging Economies to Open New Growth Avenues for Manufacturers
With ample availability of untapped opportunities in emerging economies, the global market for personal protective equipment is likely to gain significant momentum in the near future. According to Transparency Market Research (TMR), the market, which offered an opportunity worth US$33.9 bn in 2013, is likely to progress at a CAGR of 7.30% during the period 2014 to 2020 and increase to US$55.5 bn by the end of 2020.Download PDF Brochure for Technological Insights at http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=842
Predominantly, personal protective equipment finds a widespread application in the construction, oil and gas, manufacturing, chemicals, pharmaceuticals, food, and transportation sectors. Currently, the most prominent demand for these personal safety products is from the manufacturing sector. However, over the coming years, the transportation sector may emerge as the key consumer of personal protective equipment, thanks to the continued growth of the logistics industry across the world.
In this blog post, researchers at TMR answers crucial queries about the global market for personal equipment market:
Q. What are the factors that will shape the future of the global personal protective equipment market?
The growing concerns over the safety of employees at offices, production sites, or other workstations has been fueling the demand for personal protective equipment significantly. With the rising implementation of various rules and regulations, mandating occupational safety, this factor is likely to continue as the key driving force behind the growth of this market across the world over the next few years.
Apart from this, the upswing in construction activities, propelled by the rising urbanization, is also expected to reflect positively on the sales of personal protective equipment in the years to come. However, the global market is projected to face a serious challenge from the increasing automation of production processes, which is likely to limit manual interference, reducing the need for personal protective equipment in the near future.
Q. Which of the regional markets is likely to present lucrative opportunities for the market’s growth in the coming years?
Of all the regional markets, i.e. Europe, South America, North America, the Middle East, Asia Pacific, Africa, and Russia, Asia Pacific is likely to offer the most attractive opportunities for the market’s growth in the years to come.
The rise in infrastructural development in Asian countries, specifically in India and China, has propelled the construction industry in this region, which, as a result, is anticipated to fuel the demand for personal protective equipment, such as protective clothing, professional footwear, and fall protection equipment, tremendously in Asia Pacific over the forthcoming years.
Q. What is the most favored strategy among players in this market?
The leading players in this market, such as Alpha Pro Tech, Avon Rubber, 3M Co., and Ansell Ltd., mostly rely on product innovation for business development. Most recently, Ansell Ltd. introduced Microflex® 93-260, labeling it as the thinnest chemical resistant disposable glove in the world. With this, the company hopes to strengthen its position among competitors.
Read Full Press Release @ http://www.transparencymarketresearch.com/pressrelease/personal-protective-equipment.htm
Other prominent market participants are Oftenrich, COFRA, Rock Fall, JAL, Honeywell Safety Products, and Uvex Safety.
About Us
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.
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Personal Protective Equipment Market: Untapped Opportunities in Emerging Economies to Open New Growth Avenues for Manufacturers here
News-ID: 381789 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for Asia
South East Asia Business Jet Market And Top Key Players are Asia Corporate Jet, …
By 2022, the South East Asia Business Jet Markets estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. The Global Business Jet Market, currently at 21 million USD, contributes the highest share in the market and is poised to grow at the fastest rate in the future. The three broad categories of business jets are Small,…
RAMPF Korea – Producing in Asia for Asia
Joint Venture for the Asian markets – The international RAMPF Group has realigned the cooperation with its long-standing partner Orient Dosiertechnik from Korea with the founding of RAMPF Korea Co., Ltd. The new company based in Hwaseong City is developing and producing mixing and dispensing systems specifically for the Asian markets.
Within the framework of the new joint venture based in Hwaseong City, mixing and dispensing systems are being developed and…
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022.
23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property…
PEOPLEWAVE WINS ASIA TECH PODCAST PITCHDECK ASIA 2019 AWARDS
15 January 2019, Singapore – Peoplewave, Asia’s leading data-driven HR technology company, won the Asia Tech Podcast (ATP) Pitchdeck Asia 2019 Awards, being awarded “Startup Most Likely to Succeed in 2019".
The 2019 Pitchdeck Asia Awards is an opportunity for the Asian Startup Ecosystem to shine a spotlight on some of its best startups. The awards were decided by a public vote. More than 7,200 votes were cast by registered LinkedIn…
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia
Equipping Asia’s navies with the latest diving technology for asymmetric warfare and
operations
SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is
seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting…
Asia Diligence – Specialist Investigative Due Diligence for Asia & Beyond
Asia Diligence today announced the opening of its European Customer Services office in the United Kingdom. The office is to be managed by Steve Fowler and will focus on providing services to Asia Diligence’s European customers. Asia Diligence is also planning to open a US office in the near future, which will provide customer service to its US and North American clients.
Asked to comment on the move, Luke Palmer, the…
