Personal Protective Equipment Market Demand By 2026 | Top Key Vendors 3M Company, Mine Safety Appliances Company, Ansell Limited, National Safety Apparel Inc., UVEX, Kimberly-Clark Corp., Honeywell International Inc., Avon Rubber Plc.

Personal protective equipment (PPE) refers to protective helmets, clothing, footwear, goggles, or other equipment that are designed to protect the wearer’s body from infection or injury. These aid in protecting the body against high volt electric current, certain chemicals, excessive heat, biohazards, and others. Personal protective equipment can be used for various purposes such as occupational safety, sports, and for recreational activities.

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Major players in the global personal protection equipment market are 3M Company, Mine Safety Appliances Company, Ansell Limited, National Safety Apparel Inc., UVEX, Kimberly-Clark Corp., Honeywell International Inc., Avon Rubber Plc. (Subsidiary of Cooper Tire & Rubber Company), Rock Fall Ltd and Top Glove Corporation.

Increasing awareness among population regarding occupational safety and stringent regulatory framework related to it are major factors driving growth of the market. For instance, the European Union developed directives to improve safety and health at work and to maintain quality of PPE. The directive covers marketing and manufacturing of personal protective equipment comply with basic safety and health requirements. However, lack of awareness regarding use of personal protective equipment is expected to restrain growth of the market. For instance, according to National Center for Biotechnology Information (NCBI), 2014, Nigeria and South Africa reported poor usage of PPE, where only 35.9% of welders in Nigeria use PPE.

North America was the dominant region in the global personal protective equipment market in 2016, with a revenue of US$ 14.83 billion, and is expected to retain its dominance throughout the forecast period. This is owing to the adoption of personal protective equipment across various growing industries such as construction industry. For instance, according to the United States census bureau, value of construction increased by 4.5% in 2016 from 2015 in U.S.

Asia Pacific was the fastest growing region in the global personal protective equipment market in 2016 with a CAGR of 6.63%. Growth is attributed to rapid growth of various industries such as construction, oil and gas, food & beverage, and others in the region. According to International Trade Association, the construction industry in China was US$ 717.71 US$ in 2016 and is expected to increase to US$ 1042.17 billion in 2021. Moreover, major players in this region are focusing on enhancing their market share, through mergers and acquisitions strategy. For instance, in 2015, Ansell Limited —a manufacturer of protective solutions—acquired Microgard Ltd., a UK manufacturer of protective clothing, for US$ 88 million, to enhance the company’s body protection business.

Key players in the market are focusing on various strategies such as extensive research and development activities, mergers and acquisitions, joint ventures and partnerships, and geographical expansions in order to enhance their market share. For instance, in 2017, 3M Company entered into an agreement to acquire Scott Safety Company—a manufacturer of respiratory and personal protective equipment—for US$ 2 billion, to further enhance the company’s personal safety product portfolio.

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This release was published on openPR.