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Global Personal Protective Equipment Market, Trends, Size, Development, Growth and Demand Forecast to 2020
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The personal protective equipment includes products related to the protection of eye, face, head, foot and legs, and hand and arms. The hazards of different types caused by falling of objects, colliding with sharp edges, interaction with chemicals, flying sparks and several others are caused at workplaces. Several codes of regulations (CFR) have been laid down by the Occupational Safety and Health Administration (OSHA), which states the employers’ liability to protect their employees from workplace hazards causing injuries. The major CFRs include eye and face protection, head protection, foot protection, electrical protective equipment, and hand protection. The non-compliance of such regulations and codes attract huge penalties to the employers. The prevalent regulations and certifications related to protection at workplace are issued by OSHA, American National Standards Institute (ANSI), and CSA Group.
The respiratory protection segment is growing at the fastest pace, and is expected to account for a considerable share in the global personal protective equipment market during the forecast period. The increasing instances of communicable and respiratory diseases, such as H1N1 and bird flu are the key reasons for the expected growth of this segment. The demand for chemicals is increasing, due to growing industrialization and widespread use of chemicals, as raw materials for several industries. The chemical industry in Eastern Europe, Asia-Pacific, and Middle East and Africa is expected to grow with a CAGR of over 4% respectively during 2015 – 2018.
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The major industries that require personal protective equipment include construction, manufacturing, and oil and gas, where the chances of fatalities are high. The increasing commercialization is expected to boost the transportation and logistics industry in the coming years, which is consequently laying opportunity for the growth of the global personal protective equipment market. The high raw material price and complex manufacturing process are the key restraints for the growth of the market.
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The global personal protective equipment market is fragmented with presence of large number of regional players. The major competitors in the global personal protective equipment market include 3M Company, Honeywell, Alpha Pro Tech Limited, Ansell Ltd., Avon Rubber PLC, JAL Group Italia SRL, COFRA SRL, Uvex Safety Group, Rock Fall Limited.
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