Global Personal Protective Equipment (PPE) market size worth USD 67.6 billion by 2023

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Personal Protective Equipment (PPE) market size
worth USD 67.6 billion by 2023
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Global Market Scenario of PPE
Industry

• Personal Protective Equipment (PPE) Market size
  is predicted to touch 67.61 billion by end of
  2023 and register CAGR of 7.3 during forecast
  period.
• Growing employee safety and health issues coupled
  with rising industrial fatalities across
  unregulated industries will promote personal
  protective equipment (PPE) industry growth.
• Technological breakthroughs that focus on
  sustainable low priced materials can be critical
  for ensuring a steady personal protective
  equipment industry price trend and retain
  penetration.
• Powerful monetary and infrastructure pointers in
  emerging nations like India and China are
  predicted to drive the PPE industry size in
  future. OSHA (Occupational safety and health
  administration) security guidelines in U.S. and
  Europe are predicted to push industry growth.

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Continue.....

• Hand protectionsegment is forecast to register
  CAGR of 7 during forecast period with industry
  size evaluated at 8.65 billion for 2015 and
  predicted revenue of 14.8 billion by end of
  forecast period. Chemical, pharmaceutical,
  production construction and food industries are
  the key demand opportunities for the segment.
• Protective footwear segment is predicted to gain
  personal protective equipment (PPE) industry
  share and contribute more than 18 in terms of
  revenue by 2023.
• Transport applications contributed near about
  5.1 billion for 2015 and the segment offers
  substantial business revenue growth
  opportunities for the industry.
• Construction is yet another highly expanding
  application with predicted CAGR of 7.4 by end of
  forecast period. Overhead prices related with
  workplace accidents are predicted to enhance its
  industry penetration in future.
• Oil gas personal protective equipment industry
  size was 6 billion for 2015 and is predicted to
  surpass revenue of 11.1 billion by 2023.
• Pharmaceuticals, chemical processing and food
  technology are few of other key applications of
  the industry.

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Application Analysis- Transportation
applications could present significant growth
opportunities, with PPE market revenue estimated
at just under USD 5 billion in 2015. Construction
is another high-growth application segment, with
expectations of 7.5 CAGR by 2023. Oil gas
personal protective equipment (PPE) market size
was over USD 6 billion in 2015, and could see
revenue in excess of USD 11 billion by the end of
the forecast period. Regional Analysis- U.S.
personal protective equipment market size was
estimated to be in excess of USD 12 billion in
2015, with strong growth indicators for the
forecast timeframe. Rising occupational fatality
rate, along with a pressing need for highly
durable mechanical wear resistant and utility
protective gears across core industries should
drive growth. Competitive Market Share- Some
global participants have managed to overcome
regional barriers, with Honeywell leading the
industry interns of market share, estimated at
over 27 in 2015. 3M, Dupont, Ansell, MSA, Uvex
are some notable companies, with significant
presence across various applications.

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