Personal Protective Equipment Market 2021 Status and Growth Outlook -3M Company, Honeywell International Inc., Ansell Ltd., Alpha Pro Tech, Ltd., Avon Protective Systems

The Personal Protective Equipment Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The personal protective equipment market is expected to grow at a CAGR of 7.8% over the forecast period 2020-2025.

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Top Leading Companies of Global Personal Protective Equipment Market are 3M Company, Honeywell International Inc., Ansell Ltd., Alpha Pro Tech, Ltd., Avon Protective Systems, Inc, JAL Group France SAS, Cofra Srl.ÊCofra Srl, Oftenrich Holdings Company Limited, UVEX Safety Group Gmbh, Rock Fall Limited, MSA Company, Polison Corporation and others.

Industry News and Updates

- June 2020 - This spring, The Neenan Company teamed up with Liberty Common High School (LCHS) to help address the shortage of medical equipment created by the COVID-19 pandemic. Using LCHS 3D printing studio, volunteers from both organizations have created more than 800 face shields and 600 ear guards to support increased demand for personal protective equipment (PPE) at frontline healthcare facilities.
- June 2020 - The Ontario government is investing USD 2.8 million in manufacturers to ramp up production for personal protective equipment (PPE) to help frontline workers and communities stay safe during the COVID-19 pandemic.

Key Market Trends

North America Will Experience Significant Growth and Drive the Market

- North America is experiencing industrialization at expanding pace that has led to an increase in the number of manufacturing procedures and protocols several proportions due to which personal protective equipment companies are focusing on designing unique protective wear to ensure optimum safety for workers.
- As the manufacturing sector involves several primary and auxiliary processes for welding and metal manufacturing, workers are often exposed to an environment that can result in worksite accidents. According to the Bureau of Labor Statistics (BLS) reported 5,147 workplace fatalities in the US in 2017. Among these fatalities, 887 were due to fatal falls, which is the highest level reported in the 26-year history of the Census of Fatal Occupational Injuries.
- Moreover, the United States, as of June 2020, has the highest number of COVID 19 patients due to which there is a spike in demand for PPE for healthcare applications in the United States has attracted many investments in the market. For instance, in May 2020, The Department of Defense, in coordination with the Department of Health and Human Services, has signed a USD 126 million contract award with 3M for the increased production of 26 million N95 medical-grade masks per month in response to the COVID-19 outbreak. Moreover, in January 2020, the company already ramped up production of respirators and doubled its global output to 1.1 billion per year, including 35 million N95 masks per month in the United States.

The regions are further sub-divided into:

-North America (NA) – US, Canada, and Mexico
-Europe (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of Europe
-Asia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APAC
-Latin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin America
-Middle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South Africa

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Personal Protective Equipment Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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