Market Analysis
According to the market report, the Personal Protective Equipment Market Size is to develop at USD 94.17 Billion by 2030 , developing at 6.1% CAGR during the estimated 2023 - 2030.
Challenges
Raw Material Cost Concerns to act as Market Challenge
The raw material cost concerns and complexity in manufacturing process may act as market challenge over the forecast period.
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Industry News
In May 2016, Honeywell International Inc. unveiled a new line of single-use moulded masks. These masks are designed to be utilized across various industries, including general industry and construction. The introduction of these masks adds to Honeywell's range of safety products, aiming to provide enhanced protection and safety measures for workers and professionals in different sectors.
In October 2015, 3M took a significant step in the safety glove market by launching three new glove products. This move effectively doubled 3M's safety glove offerings, catering to a broader range of industries and applications. The construction and electrical sectors are among the industries that particularly benefit from these new glove options, as they offer improved protection and performance for workers in these fields.
In September 2014, Kimberly-Clark Health Care, a subsidiary of Kimberly-Clark, introduced the AERO BLUE high-performance surgical gown. This innovative gown features an exclusive fabric with novel core technology that provides superior fluid protection during surgical procedures. The introduction of AERO BLUE demonstrates Kimberly-Clark's commitment to advancing healthcare safety and infection prevention, aiming to offer the best possible protection for healthcare professionals and patients.
Major Players:
Players active in the global personal protective equipment market include
- Honeywell International, Inc.
- Lakeland Industries, Inc.
- DuPont
- 3M
- Ansell Ltd.
- Avon Rubber plc
- COFRA S.r.l.
- Uvex Safety Group
- Lindstrom Group
- BartelsRieger Atemschutztechnik GmbH
- Rock Fall (U.K.) Ltd.
- Mine Safety Appliances (MSA) Company
- Radians, Inc.
- Polison Corp.
- Gateway Safety, Inc
COVID-19 Analysis
The sudden occurrence as well as rapid rate of transmission of COVID-19 has forced employers across the world to exercise stringent control over security measures and worker safety, in turn boosting the need for PPE and boosting market growth. Besides, strict regulations being enforced via the governments of various countries across the globe to stop the transmission of the virus among public health workers like the Families First Coronavirus Response Act will boost market growth during the assessment period.
Drivers
- Growing Awareness Regarding Significance of Work Safety to Boost Market Growth
The growing awareness regarding significance of work safety will boost market growth over the forecast period.
- Constant Innovations to offer Robust Opportunities
like the development of comfortable and lighter industrial protective equipment using good quality fabric will offer robust opportunities for the market over the forecast period.
Market Segmentation
The global personal protective equipment market is bifurcated based on hazard, industry, and product.
By product, the hands and arm protection segment will lead the market over the forecast period.
By industry, the construction segment will dominate the market over the forecast period.
By hazard, the global personal protective equipment market is segmented into chemical, biological, fire, electrical, and others.
Restraints
Lack of Proper Disposal Arrangements to act as Market Restraint
The lack of arrangements for proper removal and disposal of contaminated PPE and concerns regarding safe design and construction may act as market restraint over the forecast period.
Regional Analysis
North America to Hold Lions Share in Personal Protective Equipment Market
North America will hold the lions share in the personal protective equipment market over the forecast period. Increased awareness for safety as well as regulations which mandate the use of PPE in different industries, increasing adoption in the US, developed end-use industries, high product adoption in the healthcare sector, increasing product penetration in the US, strict regulatory scenario, hefty penalties for non-compliance with the standards that are compelling employers in adopting PPE, the rapid growth of the oil & gas sector, increasing shale gas extraction activities, the rapidly booming automotive, metal manufacturing, and refining industries in the US, and increased need for high-performance PPE for highly vulnerable workers are adding to the global personal protective equipment market growth in the region.
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