Personal Protective Equipment Market Analysis 2018 By Top Manufacturers Ansell, 3M, Honeywell, Avon Protective Systems, DuPont, MSA - The Safety Company, Radians, Inc.
Personal Protective Equipment (PPE) Market size is set to surpass USD 70 billion by 2024. Global 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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Personal Protective Equipment Market 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.
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, By Application
• Oil & Gas
- Personal Protective Equipment Market, By Product
• Head Protection
• Eye and Face Protection
• Hearing Protection
• Protective Clothing
• Respiratory Protection
• Protective Footwear
• Fall Protection
• Hand Protection
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Personal protective equipment is used to protect body from infection, injury, and accidental hazards along with workplace safety to the employees. It includes protective helmets, clothing, goggles, gloves, respiratory protection, and footwear. The equipment protects wearer from electrical, physical, biohazards, chemical, heat and airborne particulate matter. Growing investments in PPE equipment in maintaining industrial and worker’s safety along with availability of diverse product range is likely to favor PPE industry growth.
Manufacturing industry is a labor-intensive sector and involves various processes along with hazardous chemicals, gasses and equipment which may boost product demand. Rising fatal accidents leading to injuries, loss of life and additional cost of compensation has promoted use of safety equipment. Rapid industrialization along with growing investments has led to developing various industries such as oil & gas, chemical, mining and steel production thereby driving PPE industry growth.
Favorable regulations led by OSHA regarding occupational safety to control hazards effectively at its source to protect employees. PPE equipment minimize exposure to variety of hazards. OSHA is responsible to maintain improved and safe working conditions for workers mainly in areas of potential hazards and design standards and regulations which actively involves worker’s safety across various industries. Increasing awareness regarding worker’s safety along with various manufacturers providing proper fitting equipment in compliance with regulatory norms may have positive influence on personal protective equipment industry growth.
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Personal Protective Equipment cater to mechanical, mining, chemical, oil & gas, construction, manufacturing industries. These equipment helps workers to avoid vapors, dust, fog, mist, smoke and other harmful chemicals & gases. Increasing R&D spending on technological innovation in this sector may stimulate industry growth. The effectiveness of PPE relies on workers following instructions and procedures correctly.
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