Personal
protective equipment (PPE) includes safety spectacles, protective helmets, fall
protection equipment, respiratory protection equipment, head protection
equipment, safety footwear, protective clothing, hearing protection, protective
gloves, and faceshields amongst others. PPE is widely adopted across several
end-use industries such as construction, manufacturing, and chemical among
others to ensure protection of workers from hazards which may cause serious
injuries or impairments. The global personal protective equipment market is
estimated to be valued at US$ 65.08 Bn in 2023 and is expected to exhibit a CAGR of 3.5% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
The increasing regulations for personal safety across several industries has
emerged as a key trend propelling the growth of the personal protective
equipment market. Stringent occupational safety standards and regulations
enforced by organizations such as Occupational Safety and Health Administration
(OSHA) have compelled manufacturing units and other industries to make PPE
compulsory for workers. According to OSHA, employer is responsible for
providing PPE to employees if a hazard is present, or likely to be present,
which causes serious injury or impairment of any bodily function.
Non-compliance with such stringent regulations can invite penalties. Hence, to
comply with regulations as well as ensure safety of workers, adoption of PPE
has increased significantly across industries in recent years. This growing
focus on worker safety through implementation of stringent workplace safety
standards has accelerated the demand for PPE over the forecast period.
Segment Analysis
The
global
personal protective equipment market size is segmented based on type
and end-use industry. Based on type, the industrial protective clothing segment
is expected to dominate the market during the forecast period. Industrial
protective clothing offers protection against various hazards such as chemical
and thermal risks that may arise in industries such as oil & gas,
construction, manufacturing, etc. Based on end-use industry, the construction
segment is expected to be the largest dominating segment. The construction
industry involves risks such as falls, flying debris, electric shocks,
chemicals, and fire. Hence, construction workers require protective equipment
such as boots, helmets, gloves, eye protection, high-visibility clothing, etc.
for safety.
Key Takeaways
The global personal protective equipment market is expected to witness high
growth during the forecast period of 2023-2030. Rapid industrialization and
stringent worker safety regulations across various industries are projected to
drive the demand for personal protective equipment.
Regional analysis: North America dominates the global personal protective
equipment market and is expected to continue its dominance during the forecast
period. Stringent worker safety policies and growing awareness regarding
workplace safety are the key factors contributing to the largest share of North
America.
Key players: Key players operating in the personal protective equipment market
are Arkema Group, DowDuPont Inc., Ensinger GmbH, Evonik Industries AG, UBE
Industries Inc., Techmer PM LLC., Invista, EMS-Chemie Holding AG, RTP Company
Inc., Toray Industries Inc., Formulated Polymers Limited, and Merck KGaA.
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