The global personal protective equipment market is expected to
reach USD 68.69 billion by 2024, according to a new report by Grand View
Research, Inc. Rising awareness towards worker health and safety along with
increasing industrial fatalities in rising economies of India, Vietnam, and
China owing to lack of protective gear is anticipated to drive the global
market over the forecast period.
Technological innovation,
coupled with shifting consumer preference towards protective equipment which
combines fashion with safety is further estimated to drive market expansion.
Executive management in industrial firms has been becoming proactive regarding
employee health & safety. The stringent regulatory framework in economies
such as the U.S. and the UK has been forcing companies to follow strict safety
norms to avoid occupational hazards.
Full research report on
personal protective equipment market: http://www.grandviewresearch.com/industry-analysis/personal-protective-equipment-market
Safety gloves dominated the
global PPE demand accounting for over 23% of total revenue in 2015. According
to OSHA, over 40% of the industrial fatalities and accidents are related to
hand injuries. An increasing number of hand cuts, arm injuries, and abrasions
in the workplace may be attributed to the high demand of this segment.
Hand protection products such
as durable & disposable gloves find application in industries such as food,
pharmaceuticals, manufacturing, construction, and chemicals, to safeguard the
risk of hand injuries in the shop floor. Rising instances of hand injuries
including severe abrasions, punctures, chemical & thermal burns, and cuts
at the workplace are expected to fuel product demand in near future.
Get more information on personal
protective equipment market or request for TOC of this research report at: http://www.grandviewresearch.com/industry-analysis/personal-protective-equipment-market/toc
Further key findings
from the report suggest:
·
The global
personal protective equipment demand was valued at USD 38.38 billion in 2015
and is expected to reach USD 68.69 billion by 2024, growing at a CAGR of 6.7%
from 2016 to 2024
·
Respiratory
protection market was worth USD 5.10 billion in 2015 and is anticipated to
witness notable growth over the next eight years on account of increasing
requirement in mining, fire services, and emergency response, military &
law enforcement, and healthcare.
·
Chemical
defending garments were the leading protective clothing segment in 2015.
Stringent regulations coupled with growing chemicals and petrochemicals
industries particularly in North America and the Middle East have contributed
significantly towards the product commercialization.
·
Manufacturing was
the leading end-use segment and accounted for over 20% of total market revenue
in 2015. Transportation is expected to witness the highest growth of 7.1% from
2016 to 2024. Increasing automobile production in Asia Pacific is expected to
drive this segment.
·
Europe was the
major PPE consumer and accounted for 33.8% of global revenue in 2015 owing to
stringent safety regulations coupled with significant demand in oil & gas,
transportation and service industries. Asia Pacific is expected to witness the
highest growth of 7.5% over the forecast period.
·
Key companies
operating in the global personal protective equipment industry include Ansell
Ltd, 3M Company, Honeywell, Alpha Pro Tech Limited, Avon Rubber PLC, COFRA Srl,
Oftenrich Holdings Company Ltd., Uvex Safety Group, and Rock Fall Limited.
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@ http://www.grandviewresearch.com/industry-analysis/personal-protective-equipment-market/request
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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View Research
Contact:
Sherry James
Corporate Sales Specialist, U.S.A.
Grand View Research, Inc.
United States
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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