Personal Protective Equipment (PPE) Market Up to Grow At a High CAGR during 2017 – 2026


Posted April 16, 2019 by MarketReseach

According to a new study published by Polaris Market Research the global personal protective equipment (PPE) market is anticipated to reach USD 81.35 billion by 2026.

 
New York City, 16 April 2019: According to a new study published by Polaris Market Research the global personal protective equipment (PPE) market is anticipated to reach USD 81.35 billion by 2026. The market growth is propelled majorly by the increasing concerns of employers over the safety of its employees. Employers are highly responsible for offering a healthy and safe workplace to their workers. Employees working at industrial sites are prone to different forms for hazards, they are likely to come across sharp objects, flying sparks, unbearable loud noise, falling objects, and chemicals that could cause them serious injuries.

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Companies especially those belonging to industrial, manufacturing, and construction sectors have realized that it is better to take precautions and prevent any lethal damage to any of their workers. Many regulatory bodies have laid guidelines to promote the safety and health of workforce. For instance, Occupational Safety and Health Administration (OSHA) in the U.S. is responsible for formulating standards that are aimed to encourage a safe and healthy environment for employees. OSHA has set requirements for the use of PPE such as 29 CFR 1910.135 (Head protection); 29 CFR 1910.137 (Electrical protective equipment); 29 CFR1910.136 (Foot protection), and29 CFR 1910.138 (Hand protection), among others. OSHA together with few other agencies such as National Institute for Occupational Safety and Health (NIOSH), and National Fire Protection Association (NFPA), among others standardizes guidelines for work environment.

PPE finds application in various industries including oil & gas, petrochemicals, transportation, food& beverages, power & energy, construction, and healthcare, among others. Among these industries, construction industry is experiencing highest application, and is among one of the largest end-use industry that is driving the market. The industry is flourishing in Asia Pacific region, primarily due to the presence of developing nations that are heavily investing in their infrastructural facilities.

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Key Findings from the study suggest that the largest share of the market in 2017 was of the North American region. Moreover, the market is segmented on the basis of products and end use. On the basis of product, the market can be segmented into eye protection, hand protection, head protection, hearing protection, fall protection, protective clothing, professional footwear, and respiratory protection, among other. Professional footwear is anticipated to foresee highest growth, owing to their wide range of application across various industries. These footwears are largely utilized for protection from sharp edge objects, and helps avoid direct contact from any hazardous chemicals.

Major players operating in the market includes companies such as MSA Safety Inc., Ansell Ltd., 3M Company, Alpha Pro. Tech Ltd., Rock Fall Ltd.,JSP Ltd., Oftenrich Holdings Co. Ltd, JAL Group, COFRA Holding AG, Golden Chang, Avon Rubber p. i. c., Rahman Group, and Honeywell International Inc., among others.

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base in a wide range of industries including healthcare, technology, semi-conductors and chemicals. We strive to provide our clients with updated information on innovative technologies, high growth markets, emerging business environments and the latest business-centric applications, thereby helping them to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of SMEs, analysts and consultants,

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Issued By KDM
Country India
Categories Miscellaneous , Research
Tags personal protective equipment ppe market , personal protective equipment ppe market share , personal protective equipment ppe market size
Last Updated April 16, 2019