Personal Protective Equipment Market - Global Analysis, Size, Share Forecast up to 2024

The global market for personal protective equipment has been witnessing notable growth in recent years, primarily due to the growing awareness regarding the importance of employee and workplace safety across the globe. Rigid regulations about workplace safety that are overseen by organizations such as the National Fire Protection Association, Occupational Safety and Health Administration, and National Institute for Occupational Safety and Health in the U.S. are further expected to boost the demand for personal protective equipment in the next few years.

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The key applications of personal protective equipment include construction, food, manufacturing, transportation, oil and gas, pharmaceuticals, chemicals, and others. Technological advancements and untapped industrial segments are expected to contribute extensively towards the growth of the global personal protective equipment market in the near future.

The research study analyzes the leading type, application, and geographical segments in the global market for personal protective equipment. Key dynamics that are estimated to influence the growth of the overall market have also been included in the research study to offer a clear picture of the market. Moreover, the key growth drivers, barriers, potential opportunities, and the current trends in the market have been highlighted in the study. A detailed vendor analysis of the market has also been covered in the scope of the report.

Overview of the Global Personal Protective Equipment Market

As per the study, in 2013, the global market for personal protective equipment was worth US$33.9 bn. This market is projected to register a 7.30% CAGR between 2014 and 2020, reaching a value of US$55.5 bn by the end of 2020. Among the key types of personal protective equipment, the professional footwear segment is anticipated to grow at a fast pace in the coming years. Nevertheless, the fall protection and head, eye, and face protection segments are projected to witness substantial growth in the next few years.

The rigid regulatory framework and multiple uses of equipment are the key factors projected to fuel the growth of the overall market in the coming years. The increasing foreign investments and the healthy pace of industrialization are further predicted to encourage the growth of the market in the near future. Furthermore, the rising number of workplace fatalities is boosting the employees to make use of personal protective equipment, thus fueling the growth of the market.

On the other hand, the availability of low quality and inexpensive products and complete automation of the manufacturing processes are the primary factors projected to curtail the growth of the market in the next few years. In addition, the high cost of raw materials required to manufacture personal protective equipment is estimated to impede the growth of the market in the near future. Nonetheless, the potential opportunities in the emerging countries of Asia Pacific are expected to contribute significantly towards the growth of the market.

Key Players Mentioned in the Report

JAL Group, Uvex Safety Group, Alpha Pro Tech, Ltd., Ansell Ltd., COFRA Holding AG, Honeywell Safety Products, 3M Co., Avon Rubber p.l.c., Oftenrich Holdings Company Limited, and Rock Fall Ltd. are some of the prominent players operating in the personal protective equipment market across the globe.

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