Global Personal Protective Equipment market was valued at US$ 39.70 billion in 2016, according to Global Personal Protective Equipment Market, By Product Type (Eye & Face Protection, Head Protection, Hearing Protection, Protective Clothing, and Others), By End-use Industry (Construction, Manufacturing, Oil and Gas, Chemicals, and Others). The personal protective equipment market is expected to exhibit a CAGR of 6.08% over the forecast period (2017–2025), to reach US$ 65.94 billion by 2025.
Major factors propelling growth of the global personal protective equipment market include advancement in technology in PPE such as integration of bluetooth and wireless technologies within personal protective equipment along with stringent government regulation over PPE for enhanced occupational safety. For instance, according to the Occupational Safety and Health Administration (OSHA), PPE shall be used, provided, and maintained in a reliable and sanitary condition, whenever necessary by reason of hazards of processes or environment encountered that is capable of causing impairment or injury to the user. However, high price of raw materials such as aramid and carbon fiber that are required to manufacture personal protective equipment is a major factor leading to increasing price of PPE and thereby, restraining the market growth.
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Key Trends and Analysis of Personal Protective Equipment Market:
- Based on product type, professional footwear segment dominated the global personal protective equipment market in 2016, owing to increasing number of work place foot injuries. According to National Safety Council, 180,000 foot injuries occur on an average per year that is about 500 cases per day. This is expected to be a major factor supporting growth of the market. Companies are focusing on offering PPF footwear, in order to enhance their product offerings. For instance, in 2017, Mine Safety Appliances Company, acquired Globe Holding Company, LLC —a provider of firefighter protective clothing and boots—to enhance its product offerings.
- Among end-use industries, manufacturing industry was the dominant segment in the global personal protective equipment market in 2016 and is expected to retain its dominance throughout the forecast period. This can be attributed to increasing manufacturing of paper, wood products, etc. which requires PPE for protection against occupational hazards such as physical and ergonomic hazards. For instance, according to Federation of Paper Traders Association (2016), Indian paper industry is anticipated to grow at around 4% per annum till 2030 with a growth of 20 million tons in 2020 to 27 million tons by 2030, which is expected to fuel the market growth over the forecast period.
Key Takeaways of the Market:
- North America was the dominant region in the global personal protective equipment market in 2016 with the largest market share and is expected to maintain its dominance throughout the forecast period. Presence of leading players such as Honeywell International Inc., 3M Company, Mine Safety Appliances Company, Kimberly-Clark Corporation, and others have contributed to growth of the personal protective equipment market in North America. Major players in this region are focusing on increasing their market share by launching new products. For instance, in 2016, Honeywell International Inc.—manufacturer of personal protective equipment—launched a range of single use, molded masks with PU (Polyurethane) form seal, which is designed to improve performance, comfort, and safety.
- Asia Pacific is anticipated to be the fastest growing market over the forecast period. This is attributed to growth of construction, manufacturing, transportation, and other industries in the region. For instance, according to International Trade Administration, China’s construction industry was valued at US$ 717.71 billion in 2016 and is expected to reach US$ 1042.17 billion in 2021, therefore, largely contributing to the use of personal protective equipment in this region.
Major players in the global personal protection equipment market are 3M Company, Mine Safety Appliances Company, Ansell Limited, National Safety Apparel Inc., UVEX, Kimberly-Clark Corp., Honeywell International Inc., Avon Rubber Plc. (Subsidiary of Cooper Tire & Rubber Company), Rock Fall Ltd and Top Glove Corporation.