PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1388795
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1388795
Personal protective equipment (PPE) is specialized attire or shielding gear created expressly for individuals performing heavy duty or stationed for such duties. Lives are at stake in such high-risk, high-hazard environments because of the work environment and equipment, there may be a high frequency of accidents and a significant risk of harm. Additionally, to deal with such environments, clothing and guarding kits are a mandate from the safety measure; as a result, the constituents contributing to the betterment of protection and security in these industries are referred to as personal protective equipment.
Personal protective equipment markets are projected to grow during the forecast period owing to the rising awareness and familiarity with its mandate need in terms of safety measures in dangerous work environments. The growing importance of shield gears for secure and safe work in decks, heavy-duty work, ships, the oil and gas sector, and mining is going to accelerate the market's growth for personal protection equipment across the globe. However, a lack of awareness among consumers about workplace hazards and fluctuating prices of raw materials is expected to restrain the market growth. Furthermore, government stringent rules and regulations are attributed to driving the global PPE market growth because government authorities have implemented safety regulations to minimize risks and incidents, thus, enhancing workers' safety and health at workplaces. Moreover, manufacturers are focusing on the constant development and innovations in products including lighter, high-quality, comfortable fabric industrial protective equipment. In addition, people spend on quality products, and market expansion is accounted to be facilitated by the demand for protective gear that combines safety with advanced and aesthetic technology.
The global personal protective equipment market is segmented on the basis of product, usability, end-use, and region.
The market is divided into nine categories based on product: hand protection, protective footwear, head protection, eye protection, fall protection, face protection, hearing protection, respiratory protection, protective clothing, and others. The hand protection segment is likely to hold the largest revenue share. Personal protective gloves are worn for hand safety from injuries from burns, chemical reactions, cuts, and abrasions. Health risks connected with heavy-duty equipment, hazardous chemicals, and handling hot objects are expected to facilitate demand for protective gloves in several sectors including healthcare, construction, oil & gas, metal fabrication, and food processing.
The market is divided into nine categories based on end uses: mining, pharmaceuticals, construction, manufacturing, food, transportation, oil & gas, healthcare, chemicals, and others. The healthcare segment accounted to possess the highest revenue share due to the increasing demand for respiratory protection, protective clothing, and hand protection in the healthcare sector. The requirement for protective clothing, particularly gowns and coveralls, has grown worldwide owing to the rapid spread of the coronavirus.
Geographically, the personal protective equipment market can be segmented into North America, Asia Pacific, Europe, and the Rest of the World. Europe is attributed to holding the largest revenue share due to a developed industrial platform coupled with extensive adoption of products in several sectors. European countries are attributed to have a high product penetration rate that encourages them to use personal protective equipment regularly due to the stringent regulations and severe consequences for noncompliance. Asia Pacific is projected to grow at the fastest growth rate in the market due to significant economic development and industrialization. Various factors, including increasing workforce fatalities and huge cost of compensation are anticipated to encourage employers to use PPE in various industries.
Greater awareness and strict regulations of the significance of protecting workers at the workplace have fueled demand for some forms of PPE in forecast years. Additionally, increasing management executive concerns toward employee safety and health, lead to an increase in demand for personal protective equipment. Market players are actively focusing on growing their users' pool through organic and inorganic growth strategies involving joint ventures, mergers & acquisitions, new product launches, agreements, partnerships, and expansions, to strengthen their market presence. For instance, in January 2022, Airxom, a French MedTech company, debuted an active mask that protects against the impacts of air pollution, germs, and viruses at the just concluded CES 2022 in Las Vegas. The procedure is made feasible by technical breakthroughs included in the mask, which are the product of 100 percent French R&D know-how.
For instance, in February 2022, AstraZeneca and Honeywell partnered to produce next-generation respiratory inhalers using the propellant HFO-1234ze, which has up to 99.9% less Global Warming Potential (GWP) than propellants currently utilized in respiratory drugs.
The scope of this report covers the market by its major segments, which include as follows: