Press release
PPE Market 2018 Key Players Honeywell, 3M, DuPont, Ansell, Avon Rubber p.l.c, MSA Company, Mallcom and Polison Corporation
Personal Protective Equipment (PPE) Market
Personal Protective Equipment (PPE) Market size is predicted to touch $67.61 billion by end of 2023 and register CAGR of 7.3% during forecast period.Growing employee safety and health issues coupled with rising industrial fatalities across unregulated industries will promote personal protective equipment (PPE) industry growth.
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Technological breakthroughs that focus on sustainable low priced materials can be critical for ensuring a steady personal protective equipment industry price trend and retain penetration. Powerful monetary and infrastructure pointers in emerging nations like India and China are predicted to drive the PPE industry size in future. OSHA (Occupational safety and health administration) security guidelines in U.S. and Europe are predicted to push industry growth.
Product Trends
Hand protectionsegment is forecast to register CAGR of 7% during forecast period with industry size evaluated at $8.65 billion for 2015 and predicted revenue of $14.8 billion by end of forecast period. Chemical, pharmaceutical, production & construction and food industries are the key demand opportunities for the segment.
Protective footwear segment is predicted to gain personal protective equipment (PPE) industry share and contribute more than 18% in terms of revenue by 2023. Other product segmentsinclude respiratory protection, head, hearing and face.
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Application Trends
Transport applications contributed near about $5.1 billion for 2015 and the segment offers substantial business & revenue growth opportunities for the industry.
Construction is yet another highly expanding application with predicted CAGR of 7.4% by end of forecast period. Overhead prices related with workplace accidents are predicted to enhance its industry penetration in future.
Oil & gas personal protective equipment industry size was $6 billion for 2015 and is predicted to surpass revenue of $11.1 billion by 2023. Pharmaceuticals, chemical processing and food technology are few of other key applications of the industry.
Regional Trends
U.S. personal protective equipment (PPE) market dominated the global industry with more than $12.4 billion revenue for 2015. Product innovation along with changing requirements for protective gear that blends security with attractiveness will drive the industry development. Further, growing occupational casualty rate in the region is also predicted to drive the industry growth.
Europe is predicted to experience moderate industry expansion in future owing to slow production index of European Union and weak economic pointers.
Asia Pacific will continue be most attractive industry destination in coming years with estimates of more than $13.1 billion by end of forecast period.Strong emerging economies like India and China are predicted to contribute towards the industry growth in the region. MEA and Latin America PPE market size is predicted to register a CAGR of more than 7% during the forecast timeframe.
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Key industry players profiled in the report include:
Honeywell
DuPont
MSA Company
Oftenrich Holdings Company Limited
Uvex Safety Group
JAL Group Italia Srl
3M Company
Polison
Cigweld
Ansell Limited
Alpha Pro Tech Limited
Radians
COFRA Srl
Rock Fall Limited
BartelsRiegerAtemschutztechnik GmbH & Co. KG
Mallcom
Gateway Safety Incorporation
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