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), published by Coherent Market Insights. 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:
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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.
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