Keeping Workers Safe
The personal protective equipment industry refers to the manufacturing, distribution, and sale of various protective gear and equipment designed to safeguard individuals from potential hazards in the workplace or other environments. PPE is commonly used in industries such as construction, manufacturing, healthcare, oil and gas, mining, and many others.
Manufacturing Segment to Lead Stoked by High Demand for Safety Shoes & Earmuffs
Predicated on the product, the request is distributed into head protection, hearing protection, eye face protection, protective vesture, protective footwear, respiratory protection, hand protection, fall protection, and others.
By the end- use sedulity, it’s disintegrated into manufacturing, construction, oil painting oil & gas, chemical, food, medicinal, transportation, and others. Amongst them, the manufacturing member generated the largest particular protective outfit request share in 2020.
This is attributable to the adding demand for earplugs, earmuffs, safety shoes, and gloves from workers and employers as these would cover them from fires, heat burns, and electric shocks.
The global PPE Industry is set to gain impetus from the persistent efforts by manufacturers operating in the U.S. to make the environment cleaner, safer, and greener. Several glove producers are trying to reduce the energy consumption by enhancing the existing machines or developing new ones.
In April 2020, for instance, Mallcom (India) Limited announced its plan to introduce new shoe covers and PPE overalls in addition to its recyclable and disposable face mask, especially for the medical industry.
This information is given by Fortune Business Insights™ in a new report, titled, “Personal Protective Equipment (PPE) Market, 2022-2029.” As per the report, the PPE market size was USD 128,675.1 million in 2020 and is projected to reach USD 110.85 Billion by 2029, exhibiting a CAGR of 4.7% during the forecast period.
Increasing Expenditure in Healthcare Sector to Help North America Dominate
Geographically, North America earned USD million in 2020 in terms of profit and is likely to remain at the van. The rising government expenditure in healthcare and medical sectors is anticipated to drive growth. either, the surging awareness of manufacturers and workers about vital occupational safety measures is set to prop growth.
In Europe, the request would remain in the alternate position throughout the forthcoming times because of the favorable government morals, analogous as the EU Directive2016/ 425. The regulation aims to ensure quality morals of PPE available in the European request. Asia Pacific, on the other hand, is likely to showcase significant growth backed by the rapid-fire- fire industrialization in China, Vietnam, and India.
Key Players Aim to Broaden Production Capacities to Meet High Demand amid COVID-19
The global Respiratory Protective Equipment Market houses numerous manufacturers that are presently striving to keep up with the growing demand from customers worldwide.
The outbreak of the COVID-19 has made it compulsory for frontline workers to wear protective clothes and gears to prevent transmission. Hence, most of these manufacturers are expanding their production capacities. Below is one of the latest industry developments:
- March 2020: Honeywell is planning to accelerate its production of N95 masks in the U.S. to address the rising demand for masks amid the COVID-19 pandemic. The company wants to broaden manufacturing operations in a factory situated in Rhode Island.
A list of renowned personal protective equipment manufacturers presents in the market:
3M (Minnesota, U.S.) Ansell Ltd. (Richmond, Australia) DuPont (Delaware, U.S.) Mallcom (India) Limited (Kolkata, India) Honeywell International, Inc. (North Carolina, U.S.) Alpha ProTech (Markham, Canada) Avon Protection (Maryland, U.S.) COFRA S.r.l. (Barletta Andria Trani, Italy) Uvex Group (Fürth, Germany) MSA (Pennsylvania, U.S.) Radians, Inc. (Tennessee, U.S.) TEIJIN LIMITED (Tokyo, Japan) TenCate Fabrics (Nijverdal, Netherlands) Towa Corporation (Kyoto, Japan) Supermax Corporation Berhad (Kuala Lumpur, Malaysia) MCR Safety (Tennessee, U.S.) Lakeland Inc. (New York, U.S.) L. Gore & Associates, Inc. (Delaware, U.S.) Bullard (Kentucky, U.S.) Other Key Players.
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