What's driving the Personal Protective Equipment Market Size? 3M, Ansell, MSA, DowDupont, UVEX Safety, Mallcom and Honeywell International
Protective clothing protects personnel from hazards caused by extreme environmental conditions. Full body suits helps workers protect against injuries caused due to electric arc flash, chemicals, flame and fire, heat, dry particles, asbestos, cut hazards, lead, mold and hazardous aerosols. Protective clothing gears have wide product portfolio that includes garments for flame resistant protection, general industrial protection, comprehensive chemical protection, thermal, cut and abrasion protection.
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Some of the key industry participants include 3M, Ansell, MSA, DowDupont, UVEX Safety, Mallcom and Honeywell International.
Personal Protective Equipment Market is expected to exceed USD 79 billion by 2025.
Stringent regulatory pressures along with growing awareness regarding financial burden caused due to workers compensation, medical expenses and lost production time will spur PPE demand.
Some major findings of the personal protective equipment market report include:
- Increasing fatal accidents and occupational injuries at workplace has propelled demand for personal protective equipment across various industries.
- Training programs by regulatory bodies such as EU and OSHA has facilitated user guidelines and maintenance procedure knowledge across different industries.
- PPE stand last in the line of hierarchy of hazard control.
- Regulatory bodies are frequently upgrading safety standards to improve ergonomics.
- Demand for hand protection gears will remain robust in coming years.
- High probability of accidental injuries across oil & gas industry will generate PPE demand.
- Favorable regulatory policies and regional government support has increased number of manufacturers and contract manufacturers in the industry.
Personal protective equipment are safety gears worn by workers to minimize the impact of injuries. These injuries are caused due to accidental hazards that are present indefinitely at workplaces. PPE gears introduces a barrier between user and working environment. As per National Safety Council (NSC) a worker is injured on the job every seven seconds. Stringent regulatory guidelines has enforced employers to provide its employees with certified protective gears.
Chemicals can pose a risk in the workplace, thereby PPE market must be in compliance with standards and regulation for the usage in chemical industry. Chemicals can cause harm to workers by causing injury through direct skin contact, by inhalation of fumes, vapors, and dusts and by inadvertent ingestion. According to OSHA's hand protection standard (29 CFR 1910.138), employers must provide its employees with certified hand protection gears. PPE for chemical industry includes array of protective gears such as aprons, footwear, gloves, chemical resistant glasses, face shields and respirators.
Asia Pacific is expected to grow at rapid pace with CAGR of over 8% from 2019-2025. Rise in construction and infrastructure projects mainly in China, Japan, and India should drive regional growth. Companies operating in the market are adopting safety assessment programs to avoid financial burden. Strong R&D spending in clothing is likely to influence protective clothing market demand. Increasing number of skilled and unskilled workers should stimulate regional industry growth over the forecast timeframe.
Companies operating in the PPE market compete on basis of branding, price, quality and customer support. Key industry players are utilizing eco friendly materials and non-renewable energy sources in their production facilities to support low carbon emission program and to limit overall production cost.
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