Personal Protective Equipment Market: Snapshot
The global market for personal protective equipment gained significantly from the rapid rise in industrialization across the world. The significant increase in the manufacturing and the transportation sectors and the augmenting consciousness among consumers pertaining to personal safety are also boost the growth of this market remarkably. In addition to this, the rise in the implementation of strict rules and regulations regarding work place safety by various governments is likely to support this market in the years to come.
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The overall opportunity in the global personal protective equipment market was worth US$40.40 bn in 2016. Research analyst expect this market to expand at a CAGR of 7.0% over the period from 2017 to 2025 and attain a value of US$72.08 bn by the end of 2025.
Fall protection Equipment to Remain Most valued Product
The global market for personal protective equipment market majorly assessed on the basis of the type of the product and the application. On the basis of the type of the product, the market is classified into eye and face protection, head protection, hearing protection, protective clothing, respiratory protection, professional footwear, fall protection, and hand protection. Currently, the fall protection segment is doming the global market. Researchers expect this segment to continue to lead over the forthcoming years.
In terms of the application, the market is classified into the construction, manufacturing, oil and gas, chemicals, food, pharmaceuticals, transportation, and the healthcare sectors. Among these, the manufacturing sector surfaced as the key segment in 2016 and is projected to remain dominant over the next few years.
North America to Retain Leadership
The worldwide market for personal protective equipment is also analyzed on the basis of its geographical presence. North America, the Middle East and Africa, Europe, Asia Pacific, and South America have surfaced as the prominent geographical segments of this market. With a share of 38%, North America dominated the global market in 2016. The regional market is expected to remain on the top over the forthcoming years, thanks to the increasing adoption of PPE across a number of industries.
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Asia Pacific, on the other hand, is expected to offer the most promising growth opportunity to the global market for personal protective equipment in the years to come. With the growing constructions, increasing production, and the rise in the transportation sector, the Asia Pacific market for personal protective equipment is projected to proliferate at a healthy CAGR of 7.50% between 2017 and 2025. The Middle East and Africa market is also anticipated to report a significant pace of growth in the near future due to the rising application of personal protective equipment and the increasing number of stringent rules and regulations aiming at employee protection and work place safety.
The global market for personal protective equipment is witnessing intensified competition among the key players. Some of the leading providers of personal protective equipment are Kimberly-Clark, The 3M Co., Ansell Ltd., COFRA Holding AG, National Safety Apparel, Honeywell Safety Products, Uvex Safety Group, MSA SAFETY, Avon Rubber PLC, and DuPont.
To Know More Information about Personal Protective Equipment Market@ https://globenewswire.com/news-release/2018/03/16/1441394/0/en/Personal-Protective-Equipment-Market-to-be-worth-US-72-08-bn-by-2025-TMR.html