Personal Protective Equipment Market to Touch USD 63,109.7 Million...

Personal Protective Equipment Market to Touch USD 63,109.7 Million at 6.32% CAGR by 2030

Posted 2023-12-04 07:06:59

Market Research Future (MRFR) has published a cooked research report on the “personal protective equipment (PPE) market” that contains information from 2023 to 2030. The personal protective equipment (PPE) market is estimated to register a CAGR of 6.1% during the forecast period of 2023 to 2030 and projected to grow at USD 94.17 billion by 2030.

MRFR recognizes the following companies as the key players in the Market — Honeywell International, Inc., Lakeland Industries, Inc., DuPont, 3M, Ansell Ltd., Avon Rubber plc, COFRA S.r.l., Uvex Safety Group, Lindstrom Group, Bartels Rieger Atemschutztechnik GmbH.

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.

The personal protective equipment (PPE) market is a dynamic industry that encompasses a wide range of products designed to protect individuals from various occupational and safety hazards. PPE includes items such as gloves, masks, helmets, goggles, protective clothing, earplugs, and more. The size and growth of the PPE market can vary by region and is influenced by factors like industry demand, regulatory changes, and global events.

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.

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Market Segmentation

The global personal protective equipment market share 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.

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.

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.

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

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.

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.

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.