Global Market Insights, Inc. has released a new research report on Personal Protective Equipment (PPE) Market to their offering. PPE market size is projected to register USD 67.66 billion by 2023. The report features in-depth analysis of the market with a focus on growth drivers and inhibitors, key market trends and issues, opportunities and challenges, current industry activities, product innovations, facts, estimates. It also gives the forecasts for the predicted time frame, key participants, extensive product and geographic coverage. The report helps recognize the opportunities in this space by offering precise latent demand predictions to empower quantitative decision making amid current market participants, and new entrants.
India Personal Protective Equipment (PPE) market size, by product, 2015
Key Insights • Legislation on safety standards • Emphasis on safe work culture • Growing numbers of workplace related accidents • Rising costs related to workplace accidents • Infection control at prime focus in healthcare sector
The U.S. personal protective equipment market size is projected to witness growth over the predicted period. Europe, led by Germany is anticipated to register moderate growth soon owing to sluggish manufacturing index and economic turmoil across the European Union.
APAC, India and China in particular, are forecast to continue their dominance as a prominent regional industry with revenue estimations of more than USD 13 billion in next few years. Experts expect Latin America and Middle East & Africa market to grow over 7% during the predicted period.
Manufacturing applications can contribute significantly to shape the Personal Protective Equipment market trends. Transportation applications foresee considerable growth opportunities. Construction segment is expected to witness growth at 7.5% CAGR in next few years. Oil & gas PPE market size is projected to exceed USD 11 billion by 2023. Other key application areas include chemical, food technology and pharmaceutical processing.
Hand protection market size is anticipated to hit USD 14.9 billion by the end of projected period. Fall protection is a comparatively untapped segment in this industry. The growth in this segment can be around 7.9% CAGR during the anticipated time. Industrial protective clothing market size is poised to foresee USD 15 billion over the projected period.
The report covers in-depth analysis of the moderately consolidated personal protective equipment market with profiles of the major market participants, strategies, key trends, finance metrics listed in the report. The PPE manufacturing industry depends on construction activity and industrial production. These downstream markets are the prime buyers of personal protective equipment. Honeywell leads with a remarkable presence and is projected to grow in the next few years. Other notable participants include Uvex, 3M, Ansell, Dupont, and MSA.
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Written By : Dhananjay Punekar