Regulatory Emphasis On Worker Safety Spurs Demand For Personal Protective Equipment, According To New Report By Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Personal Protective Equipment markets. Global market for Personal Protective Equipment is projected to reach US$23 billion by 2020, primarily driven by occupational safety regulations enforcing standards for worker safety, increasing awareness regarding safety among industrial workforce, and high costs associated with workplace hazards.
San Jose, California (PRWEB) - Follow us on LinkedIn – The market for Personal Protective Equipment (PPE) has matured from a base of plain equipment and components, into a business of sophisticated system solutions. Longstanding growth drivers in the market, which have and which will continue to push gains include legislations which enforce standards of worker safety, employment rates, increasing awareness regarding safety among industrial workforce, rising sense of professionalism that accelerates acceptance of protective wear as part of worker’s paraphernalia, growing dynamism in the retail and services sector, and rise in career prospects for risky professions. The growing threat of chemical terrorism including radiological and nuclear terrorism and the ensuing investments made by governments to combat the threat by building terrorism response and disaster management teams bodes well for the Personal Protective Equipment (PPE) market.
Expanding automobile production in developing countries, in line with projected rise in auto sales, is forecast to benefit demand for PPE in automotive manufacturing facilities for ensuring safety of workers employed in assembly line manufacturing and other core functional areas. Growth in healthcare services sector also presents a strong market opportunity for a range of PPE such as gloves, face masks, and protective clothing. Protection against harmful viruses and bacterial infections, and radiation emitted by medical devices are paramount in the healthcare industry. Steady gains in construction spending in developing countries including BRICs, and increase in new construction projects will also benefit demand for Welding Personal Protective Equipment, which is essential for ensuring safety of on-site personnel.
Tighter environmental regulations worldwide and growing public awareness as a result of high decibel educative campaigns, are continuing to benefit demand growth. Product innovations, such as development of head protection gear featuring a novel ratchet adjustment and protective clothing manufactured using cellulose fibers containing metal organic framework molecules (MOFs), are driving market gains.
As stated by the new market research report on Personal Protective Equipment, Europe represents the largest market worldwide. Latin America is forecast to emerge as the fastest growing regional market with a CAGR of 7.3% over the analysis period.
Key players covered in the report include 3M Company, Alpha Pro Tech Ltd., Ansell Limited, Avon Rubber P.L.C., BartelsRieger Atemschutztechnik GmbH & Co., Bekina NV, Capital Safety Group Ltd., Cardinal Health Inc., CWS-boco Supply Chain Management GmbH, Defense Industries International Inc., Drägerwerk AG & Co. KGaA, DuPont, E.D. Bullard Company, Gateway Safety Inc., Grolls AB, Hartalega Holdings Berhad, Honeywell Life Safety, Interspiro AB, Jallatte Group, JSP Ltd., Kimberly-Clark Corporation, Kwintet AB, Lakeland Industries Inc., Latchways Plc, Louis M. Gerson Co. Inc., MAPA Spontex Inc., MCR Safety, Mine Safety Appliances Company, Moldex, Saf-T-Gard International Inc., Scott Safety, SHOWA Best Glove Inc., Top Glove, Towa Corporation, and Tyco, among others.
The research report titled “Personal Protective Equipment: A Global Strategic Business Report”, announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East and Latin America. Product Segments analyzed in the report include Protective Clothing, Respiratory Protection Equipment, Eye & Face Protection Equipment, Hearing Protection Equipment, Head Protection Equipment, Fall Protection Equipment, Gloves, and Footwear. Global market is also analyzed by end-use sectors such as automotive, food processing, healthcare, construction, utilities, pulp & paper, and others.
For more details about this comprehensive market research report, please visit http://www.strategyr.com/Personal_Protective_Equipment_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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