Personal Protective Equipment Industry Data Book Covers Hand Protection Equipment, Fall Protection and Respiratory Protection Equipment Markets.
The economic value generated by the personal protection equipment industry was estimated at approximately USD 91.55 billion in 2021.
Hand Protection Equipment Market Growth Trends
The global hand protection equipment market size is anticipated to reach USD 37.8 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.9% from 2022 to 2030. Increasing awareness concerning workers’ health and safety in the healthcare, oil gas, construction, and manufacturing sectors are anticipated to drive the industry growth.In the healthcare industry, workers have to use sharp tools and precarious chemicals and the adoption of the product has increased in the chemicals industry as the workers come in direct contact with solvents and flammable liquids. Thus, increased product demand across various end-use industries is anticipated to drive industry growth.
As the transmission of infectious diseases is common in the healthcare industry, people are shifting their demand to better hygiene products, such as hand protection equipment. The rising frequency of infectious diseases is resulting inanincrease in demand for hand protection equipment products, such as disposable and durable gloves.Stringent government regulations regarding the safety of doctors, patients, and other working staff in hospitals, coupled with huge penalties for non-compliance with the standards, have prompted employers to use hand protection equipment to protect their employees against various health hazards, and infections.
To reduce workplace hazards, companies have established safety policies and prioritized workers’ safety. This has helped limit the negative effects on overall operational expenses in the form of arbitrated settlements or compensation. With the high prevalence of infectious diseases, there is an increase in the need for hand protection devices in the healthcare industry.Manufacturers of the product adopt several strategies, including acquisitions, mergers, and joint ventures to enhance their market penetration. For instance, in January 2022, Kimberly-Clark Corp. announced the launch of nitrile gloves, which will provide high comfort and high tactile sensitivity without compromising workers’ health and safety.
Fall Protection Market Growth Trends
The global fall protection market size is expected to reach USD 4.77 billion by 2030, according to a new report by Grand View Research, Inc, expanding at a CAGR of 7.0% during the forecast period. The global industry is primarily driven by the growing demand for workers’ safety, coupled with mandated policies by regulatory agencies for companies to maintain worker safety in various end-user industries. Fast-paced GDP growth and increasing employment in industries across the Asia Pacific and the Middle East have increased the focus on workers’ safety. Companies are emphasizing worker safety and establishing safety norms to avoid fall accidents, which have a negative influence on operating expenses in the form of compensation and arbitrated settlements, hence aiding industry growth.
The ongoing innovations in product development for manufacturing products that offer improved comfort, functionality, and movement, while adhering to regulatory standards, through the use of improved fabrics and materials are anticipated to fuel the industry growth. The Asian Development Bank (ADB) allocated USD 250 million as a loan for the National Industrial Corridor Development Program of India (NICDP) in November 2021 for the construction of 11 industrial corridors connecting 17 states of India. Such initiatives are anticipated to increase product demand during the forecast period.
Growing population, rapid industrialization in developing nations, increasing construction activities worldwide, and the rising popularity of recreational activities like rock climbing and ice climbing are some of the major factors anticipated to propel the industry growth during the forecast period. Companies are launching new products to strengthen their product portfolio. In September 2020, McNetiq launched a series of magnetic anchors intended for fall protection for workers when working at heights and this is used in places constructed of steel and not having edge protection. This product launch also helped the company diversify its product portfolio.
Access the Global Personal Protective Equipment Industry Data Book, 2022 to 2030, compiled with details like market sizing information forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory technological framework studies
Respiratory Protective Equipment Market Growth Trends
The global respiratory protective equipment market size is expected to reach USD 24.69 billion by 2030, registering a CAGR of 6.6% over the forecast period, according to a new report by Grand View Research, Inc. Stringent government regulations and the emergence of the COVID-19 pandemic leading to awareness among consumers is expected to boost the product demand over the forecast period. The emergence of new biological viruses, such as COVID-19, Middle East Respiratory Syndrome (MERS), and Severe Acute Respiratory Syndrome (SARS), along with a shift in a trend toward proactive measures in the healthcare sector is expected to propel the product demand over the forecast period.
The rising awareness, in the post-pandemic scenario, about infectious biological hazards is likely to influence the market growth. Moreover, the use of respiratory protection, such as Powered Air-purifying Respirator (PAPR) and Self-Contained Breathing Apparatus (SCBA), is expected to increase as end-user activities begin to normalize. Increasing concern regarding compensation costs on account of the rising number of injury cases in various industries, such as manufacturing, transportation, and chemicals, is anticipated to promote the adoption of workplace safety regulations. In addition, growing concerns regarding high-risk activities in the construction and manufacturing sectors are expected to drive RPE demand over the forecast period.
A majority of the market players are focusing on manufacturing APRs, such as disposable masks and N95 respirators, owing to their low costs and widescale application in the industrial sector. In addition, companies are partnering with raw material suppliers, automotive OEMs, etc. to manufacture APRs given their increasing demand across the globe. Major market players like 3M and Honeywell International Inc. are expected to further strengthen their forward and backward integration with more players following suit. This is likely to provide a competitive advantage and consolidate market shares, especially in the unpowered air-purifying respirator market segment.
Industrial Protective Footwear Market Growth Trends
The global industrial protective footwear market size is expected to reach USD 17.08 billion by 2030 according to a new report by Grand View Research, Inc, expanding at a CAGR of 6.8% over the forecast period. Rising demand for foot protection in industries such as chemicals, construction, oil and gas, pharmaceuticals, and others is projected to drive the growth over the forecast period.
The major oil and gas end-use sectors were severely impacted by the COVID-19 pandemic. The most important growth impediments were temporary field closures during the pandemic’s peak months and a decline in crude oil prices. Following the pandemic, growth will be fueled by stringent safety compliance enforced by businesses to preserve the health of their workers.
The industrial safety footwear market will be significantly impacted by occupational safety regulations. Regulations requiring corporations to guarantee worker safety in sectors are likely to boost demand for industrial protective footwear. These laws specify the sort of industrial protective footwear that must be worn throughout certain industrial or commercial procedures.
The growing demand for industrial protective footwear made of leather is predicted to fuel owing to its qualities such as durability, water resistance, comfort, protection from falling objects, cutting wounds, and others. The increasing number of accidents caused by slips and trips, as well as falling objects, has increased the demand for industrial protective footwear incorporating these features.
Rising public awareness of tight restrictions and higher workplace and worker safety requirements enforced by all enterprises, combined with growing concern and awareness about workplace safety, are expected to stimulate market demand for industrial protective footwear.
Industrial protective footwear manufacturers are focusing on mergers, acquisitions, and partnerships to diversify their product portfolios and enhance manufacturing capacity. Manufacturers are also focused on expanding safety product lines, such as shoes with sturdy and robust features to promote stability, which will assist prevent leg and foot strain.
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Competitive Landscape
Key players operating in the personal protective equipment industry are –
- 3M
- Honeywell International
- Lakeland Industries Inc.
- DuPont
- Uvex safety
- Mine Safety Appliances (MSA) Company
- Kimberly-Clark Corporation
- Radians
- Gateway Safety, Inc.
Grand View Research’s personal protective equipment industry databook is a collection of market sizing information forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook report and summary presentations on individual areas of research.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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