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Global Personal Protective Equipment (PPE) Market to grow at a CAGR of 8.3% including key players MSA Safety Inc., Ansell Ltd., 3M Corporation, Alpha Pro. Tech, Ltd., Rock Fall Ltd.,and Honeywell International Inc.

10-17-2018 02:45 PM CET | Fashion, Lifestyle, Trends

Press release from: Polaris Market Research & Consulting

personal protective equipment (PPE) market

personal protective equipment (PPE) market

This report will help Major Players and the new entrants to understand scrutinize the market in detail. This information will encourage the Major Players to decide their business strategy and achieve proposed business aims.

the global personal protective equipment (PPE) market is anticipated to reach USD 81.35 billion by 2026. The market growth is propelled majorly by the increasing concerns of employers over the safety of its employees. Employers are highly responsible for offering a healthy and safe workplace to their workers. Employees working at industrial sites are prone to different forms for hazards, they are likely to come across sharp objects, flying sparks, unbearable loud noise, falling objects, and chemicals that could cause them serious injuries.

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Companies especially those belonging to industrial, manufacturing, and construction sectors have realized that it is better to take precautions and prevent any lethal damage to any of their workers. Many regulatory bodies have laid guidelines to promote the safety and health of workforce. For instance, Occupational Safety and Health Administration (OSHA) in the U.S. is responsible for formulating standards that are aimed to encourage a safe and healthy environment for employees. OSHA has set requirements for the use of PPE such as 29 CFR 1910.135 (Head protection); 29 CFR 1910.137 (Electrical protective equipment); 29 CFR1910.136 (Foot protection), and29 CFR 1910.138 (Hand protection), among others. OSHA together with few other agencies such as National Institute for Occupational Safety and Health (NIOSH), and National Fire Protection Association (NFPA), among others standardizes guidelines for work environment.

PPE finds application in various industries including oil & gas, petrochemicals, transportation, food& beverages, power & energy, construction, and healthcare, among others. Among these industries, construction industry is experiencing highest application, and is among one of the largest end-use industry that is driving the market. The industry is flourishing in Asia Pacific region, primarily due to the presence of developing nations that are heavily investing in their infrastructural facilities.

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Key Findings from the study suggest that the largest share of the market in 2017 was of the North American region. Moreover, the market is segmented on the basis of products and end use. On the basis of product, the market can be segmented into eye protection, hand protection, head protection, hearing protection, fall protection, protective clothing, professional footwear, and respiratory protection, among other. Professional footwear is anticipated to foresee highest growth, owing to their wide range of application across various industries. These footwears are largely utilized for protection from sharp edge objects, and helps avoid direct contact from any hazardous chemicals.

Major players operating in the market includes companies such as MSA Safety Inc., Ansell Ltd., 3M Company, Alpha Pro. Tech Ltd., Rock Fall Ltd.,JSP Ltd., Oftenrich Holdings Co. Ltd, JAL Group, COFRA Holding AG, Golden Chang, Avon Rubber p. i. c., Rahman Group, and Honeywell International Inc., among others.

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About us Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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