Personal Protective Equipment (PPE) Market Size By Product (Head [Safety Helmets & Hard Hats, Bump Caps], Eye & Face Protection [Face Protection, Eye Protection – Plano], Hearing Protection [Cap Mounted, Over the Head Type, Disposable], Protective Clothing, Respiratory Protection [SCBA – Fire Service, SCBA – Industrial, APR – Disposable, Emergency Escape Devices], Protective Footwear, Fall Protection [Personal Systems, Engineered Systems], Hand Protection), By Application (Construction, Oil & Gas, Manufacturing, Chemicals, Pharmaceutical, Food, Transportation), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, France, Russia, China, India, Japan, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Published Date: Aug 2018 | Report ID: GMI373 | Authors: Kunal Ahuja, Sonal Singh
Personal Protective Equipment Market size was over USD 40 billion in 2016.
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Rising influence on workplace safety as a priority supported by stringent industrial employee protection norms by OSHA, NOISH and NFPA to improve working conditions mainly in the areas of potential hazards which is likely to drive personal protective equipment market size. These products are used to protect body from injury, infection and accidental damage. It guards wearer from physical, electrical, chemical, airborne particulate, and biohazards.
Growing incidences of occupational injuries and fatal accidents has highlighted importance of personal protective equipment mainly in oil & gas, chemical, construction, food and pharmaceutical industries. The number of workplace fatalities in the U.S. were estimated at 5 thousand in 2016. Availability of varied product range in different grades, quality and features along with comfortable fitting has led to increase in adoption of these products, thus driving PPE industry growth.
Increase in investments in infrastructure and residential construction projects mainly in India, China, Saudi Arabia and South Africa owing to high investments and easy financial assistance are major contributing factor towards industry growth. Global construction spending may exceed USD 15.85 trillion by 2024. Use of protective gear significantly reduces the cuts by sharp edges, severe impact from falling objects, and provides protection against construction debris owing to boost product demand over the forecast timeframe, thereby, propelling PPE market growth.
Rapid industrialization has led to robust growth in manufacturing, food, transportation and pharmaceutical industries which will positively favour industry growth. Companies are setting up safety guidelines and initiated workers training programs to generate awareness towards PPE equipment and increase their usage, thus promoting product demand. In addition, many organisations are providing safety devices on the occupational sites to reduce fatal injuries which is another driving factor towards PPE market growth.
Raw material cost concerns owing to quality specifications has led to inconsistent supply which may limit industry profitability. Complex manufacturing process owing to strict product quality standards may act as another restraining factor, thus affecting PPE market price trend.
|Historical Data for:||2013 to 2016||Forecast Period:||2017 to 2024|
|Pages:||325||Tables, Charts & Figures:||432|
|Geographies covered (9):||U.S., Germany, UK, France, Russia, China, India, Japan, Brazil|
|Segments covered:||Product and Region|
|Companies covered (18):||3M Company, Honeywell International, Inc., Alpha Pro Tech, Ansell Ltd., Avon Protective Systems, Inc., JAL Group France SAS, COFRA S.r.l., Oftenrich Holdings Company Limited (Golden Chang), UVEX Safety Group Gmbh, Rock Fall Limited, DuPont, BartelsRieger Atemschutztechnik GmbH & Co. KG, MSA Company, Mallcom, Radians, Polison Corporation, Cigweld, Gateway Safety, Inc.|
Personal Protective Equipment Market, By Product
Head protection equipment market is poised to surpass USD 2 billion by 2024. It helps in safeguarding against electric hazards, hanging objects, accidental falls, and falling objects making then suitable as per industrial safety guidelines and programs. High mortality rate due to falls , oil spills, explosions which may cause serious head injuries and add on to the compensation cost for the companies which is likely to have positive influence on personal protective equipment demand.
Eye & face protection equipment industry may register gains close to 7% at the end of 2024. Development of novel products including laser protective goggles balancing comfort with design will favor product demand. It consists of safety goggles, face shields, safety spectacles which ensure protection against radiations, chemicals and heat impact.
Protective clothing PPE market may witness strong gains over the forecast timeframe at the end of 2024. Growing concerns regarding worker’s restricting injuries and illness by protecting worker from fire, chemical agents, life-threatening injuries have led to continuous improvement of protective clothing industry. Increase in research expenditure to formulate new material and manufacturing process for advanced textiles along with industry participants investing significant share of money in advancement of technology should propel PPE industry growth.
PPE Market, By Application
Personal protective clothing from construction application may exceed USD 10.5 billion at the end of 2024. Extreme working conditions along with contact with external agents such as metals, construction debris, chemicals, fire conditions, electricity and moisture conditions are the major causes of occupational skin disorders which promotes use of protective wear for industrial uses to guard workers.
PPE market from manufacturing application may witness steady gains over 7% by 2024. Government initiatives through financial assistance along with rise in foreign investments has led to surge in manufacturing industry. These industries are labour intensive and carry high risk for workers owing to direct acquaintance with heavy machineries, chemicals, heat, electricity and fire which is likely to boost product demand.
Transportation application may observe significant gains owing to stringent safety standards and guidelines by OSHA in this industry to protect from droPPEd or rolling objects, thereby protecting the ankle from hazardous conditions. Hard hats, safety boots and hand protection gloves are commonly used safety products in this industry.
Personal Protective Equipment Market, By Region
Asia Pacific led by India, Japan, China PPE market size is anticipated to surpass USD 14 billion up to 2024. Government initiatives pertaining to provide free safety equipment at hazardous workplace mainly in China and India along with increasing government on-site inspections to keep check on workplace safety nationwide may drive regional industry growth. Moreover, special training programs along with development of new strict safety standards would further increase safety equipment demand in this region.
Europe driven by France, UK and Germany PPE market size may significantly grow up to 6.5% by 2024. Strict standards and directives by EU PPE Directive 89/686/EEC covers the marketing and manufacture to ensure quality and durability of personal protective equipment to increase reliability and usage across end use industries will favor regional industry growth.
Brazil personal protective equipment market size may register steady growth owing to expanding agriculture industry in Brazil is expected to stimulate the PPE market demand for chemical protective clothes to provide protection to agricultural workers against pesticides including rodenticides, insecticides, and fungicides.
Competitive Market Share
Global personal protective equipment market is highly fragmented with key five players which include Honeywell, 3M, DuPont, and Ansell are key industry participants. Other prominent companies include Jal Group, COFRA, Uvex Safety, Rock Fall, MSA Company, Mallcom, Cigweld, and Radians.
Manufacturers are emphasizing on providing complete product portfolio of protective equipment as per the standards listed by the concerned authorities to meet required protection and comfort will propel PPE market growth.
Personal Protective Equipment Industry Background
Personal protective equipment (PPE) is equipment worn to reduce exposure to hazardous places in the industries or workplace which can cause serious illness and injuries. These illness and injuries may result from contact with physical, chemical, mechanical, radiology and other workplace hazards. According to OSHA, workers should wear safety boots or footwear with puncture resistant and slip resistant soles and must wear hard hats to protect from electrical hazards or accidents. Rapid industrial development along with skilled labor requirements may augment PPE market size over the forecast timeframe.
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