Personal Protective Equipment Market to Gear Up by CAGR 7.73% During 2022-2028, the Market will Create More than $34 Billion Opportunity - Arizton

Arizton publishes the latest research report, personal protective equipment market - global outlook & forecast 2023-2028. The global personal protective equipment market will reach USD 34.38 billion by 2028, growing at a CAGR of 7.73%. 

The report considers the present scenario of the global personal protective equipment market and its market dynamics for 2023−2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the industry. It also profiles and analyzes leading companies and several other prominent companies operating in the industry. 

The global personal protective equipment market is highly competitive, with several large and small players operating. Key players in the market include 3M, Honeywell, Ansell, MSA, and others. These companies are concentrating on developing new and innovative products to cater to customers' evolving needs and gain a competitive edge in the market. 

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Market Segmentation Overview 

Product: The reusable PPE segment dominates the global personal protective equipment market owing to its features, such as being consumed numerous times and made with good-quality materials for repeated use. The rising awareness of sustainability across the globe has significantly raised the demand for reusable products, as the use of disposable PPEs on a global scale has caused problems when it comes to waste and pollution. However, the disposable PPE segment grows at a higher CAGR during the forecast period as they are more long-lasting and safer than disposable. Industries in which disposable protective clothing is used include chemical industries, healthcare, food processing, chemical, and others. 

Protection: Protective clothing, such as chemical defending, cleanroom clothing, heat & flame protection, and mechanical protective clothing, is the largest product segment in the global personal protective equipment market. Rising accidents, deaths, and injuries drive the demand for protective clothing supported by their characteristics, such as high performance, better quality, and high wear and tear. Furthermore, hand protection is growing rapidly due to the consumption of personal protective gloves to protect hands from injuries from abrasions, cuts, burns, and chemical reactions. Health risks linked with hazardous chemicals. Heavy-duty equipment and handling hot objects will likely facilitate demand for protective gloves in various industries such as construction, food processing, oil & gas, healthcare, and metal fabrication. 

Application: Due to the growing regulations, the chemical protection segment dominates the global personal protective equipment market. The demand for such chemical-defending wearables is expected to increase. Moreover, the need for chemical resistance apparel, other wearables, and breathable factors is expected to increase the demand in the forecast period in the market in various industries. 

End-Users: The global personal protective equipment market by end-user segments as oil & gas, chemical, pharmaceutical & healthcare, aerospace & defense, automotive, food & beverage, and other industries. The oil & gas holds the largest personal protective equipment (PPE) market share. The global economy is majorly dependent on the oil & gas industries, and the demand for oil and gas consistently increases as global economies and infrastructure depend on petroleum-based products. Furthermore, the demand for products in the oil and gas sector will always grow in the next years. The sector needs high-quality PPE products, which must meet resistance and durability requirements, even in difficult environments, harder than other industrial sectors, contributing to market growth.

APAC to Boom in the Personal Protective Equipment Market 

APAC is expected to grow at the fastest growth rate in the market at a CAGR of 8.64% over the forecast period owing to significant economic development and industrialization across the region. Numerous factors, such as the high cost of compensation and increasing workforce fatalities, are expected to encourage employers to use PPE in various end-use industries. 

The growth of various end-users and their concern for the safety of the workforce is expected to increase. In addition, in terms of supply and distribution, local brands in the region are expected to face challenges from established market vendors. In addition, with the high demand for PPE in the US, various small vendors have entered the marketplace, creating healthy competition. Europe is the second largest, followed by APAC. Strict occupational safety regulations contributed to the substantial growth of the sector in many European countries. This is projected to increase the need for PPE over the next eight years, increasing questions about worker safety in unhealthy workplaces. 

Key Company Profiles 

• 3M 
• Honeywell 
• Kimberly Clark Corporation 
• MSA Safety Incorporated 
• Avon Rubber PLC 
• Ansell 
• Cardinal Health 
• Lakeland 
• DuPont 
• Alpha Pro Tech 
• Dynarex Corporation 
• W.W. Grainger Inc. 
• Wurth Group 
• Radians Inc. 
• Gateway Safety, Inc. 
• Sioen 
• Bunzl 
• TenCate 
• Gore 
• Global Industrial 
• Global Glove and Safety 
• Mallory 
• DeWALT 
• Momentum Group 
• Wenass 
• PBI Fabrics 
• PIP Global 
• Sanctum Workwear 
• Alexandra 
• ASATEX 
• Bennett Safetywear 

Market Segmentation 

• Product: Reusable and Disposable 
• Protection Type: Protective Clothing (Coveralls, Vests, and Others), Face Protection (Face Shields and Face Masks), Foot Protection, Head Protection, Hand Protection, and Other Protection 
• Application: Chemical Protection, Flame-Retardant, Life Science Protection, and Other Applications 
• End-user: Oil & Gas, Chemical, Pharmaceutical & Healthcare, Aerospace & Defense, Automotive, Food & Beverage, and Other Industries 
• Geography: APAC, North America, Europe, Latin America, and Middle East & Africa 

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Check the detailed table of contents of the report @ https://www.arizton.com/market-reports/personal-protective-equipment-market?details=tableOfContents 

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