Status : Published Published On : Apr, 2020 Report Code : VRCH2018 Industry : Chemicals & Materials Available Format : Page : 247

Global Personal Protective Equipment (PPE) Market– Analysis and Forecast (2019-2025)

Industry Insights by Product Type (Hearing Protection, Head, Eye & Face Protection, Respiratory Protection, Fall Protection, Protective Footwear, Protective Clothing, Hand Protection, Others), by Application (Oil & Gas, Construction, Chemicals, Transportation, Manufacturing, Pharmaceuticals, Food, Mining, Others)

Industry Overview

The global personal protective equipment market was valued at USD 52.7 billion in 2019 and is expected to reach USD 92.5 billion by 2025, growing at a CAGR of 8.7% during 2020-2025. The growth of this market is attributed towards the escalated need of respiratory equipment that is needed in mining, healthcare, emergency response, military enforcement and fire services. Moreover, rapid explosion of COVID-19 disease globally is escalating the demand for personal protective equipment globally this has led to shortage of supply of these products and manufacturers are emphasizing their efforts towards enhancing its supply at rapid pace.

Personal Protective Equipment (PPE) Market Highlights

The protective equipment comprises of garments in order to protect healthcare workers or any other persons from getting infected. These equipments usually comprises of mask, gloves and gowns. In order to protect person from airborne or blood high infections it will comprise of mask, face protection, goggles, gown or coverall.

The Occupational Safety and Health Act (OSHA) has come up with several health safety organizations for distinctive ideas to dilute the lack of awareness about safety regarding health hazards among the workers. Such initiative to improve the safety standards among the work places is escalating the demand for personal safety equipment. Furthermore the glove manufacturers have increased the use of renewable resources for cost-cutting which would further intensify the demand of global personal protective equipment market.

The adherence towards workplace safety regulations in the earthquake prone areas and the growing awareness of precautions meant to be taken post disasters drives the product demand. The change in the consumer trends along with technological advancements have led to a noteworthy change in the techniques to manufacture that is further escalating the growth of global personal protective equipment market. 

Market Segmentation

Insight by Product Type

Based on product type, the global personal protective equipment market is categorized into hearing protection, head, eye & face protection, respiratory protection, fall protection, protective footwear, protective clothing, hand protection, and others. Of all, hand protection segment held the largest share in the global market in 2019, owing to the growing awareness pertaining to employee protection and the initiatives taken to reduce injury rates through industrial and commercial sectors.

The respiratory protections such as the unpowered respirators are highly demanded for the mining and petrochemical sectors. Furthermore, there has been witnessed advancement in the demand for disposable protective clothing in the healthcare industries which would complement the growth of this segment owing to outbreak of epidemic globally. This segment is further significantly contributing towards the growth of the global personal protective equipment market. 

Insight by Application

On the basis of application, the global personal protective equipment market is categorized into oil & gas, construction, chemicals, transportation, manufacturing, pharmaceuticals, food, mining, and others. The oil and gas segment is expected to witness highest CAGR during the forecast period as the advancement in the deals for the natural gas is climbing demand by organization of petroleum exporting countries. 

Industry Dynamics

Industry Trends

Increasing requirements related to eyewear as formulated by OSHA regulation and increasing innovations undertaken by key manufacturers of safety equipment are the key trends witnessed in the global personal protective equipment market. Rapid innovations in hand protection are occurring at massive rate according to ANSI/ISEA 138 impact standard, related to safety gloves that have observed huge momentum.

According to the standard, manufacturing requires strict labelling, test method and classification for gloves. This innovation is out most important in the situation where coronavirus is at peak globally and is further expected to prevail for which vital safety measures are to be implemented.

As a result, to this innovation in hand protection gloves global personal protective equipment market is witnessing significant growth. 

Growth Drivers

The sudden outbreak of coronavirus is the key factor driving the growth of the global personal protective equipment market in the current scenario. The drastic changes occurring due to COVID-19 is impacting every individual globally as a result to which demand for personal protective equipments are increasing rapidly. World Health Organization (WHO) has urged all the manufacturers of personal protective equipment globally to increase the production of these equipments on an immediate basis. According to WHO, as on 13 April 2020, the number of confirmed coronavirus cases was around 16,99,595 and confirmed deaths due to COVID-19 was around 1,06,138 globally.

Furthermore, all these patients along with healthcare workers and people all over the world are required to be provided by personal protective equipments as fast as possible to deal with this global pandemic. Moreover, the organization states that with the emergence of COVID-19 many other repercussions could prevail such as seroepidemiological problem, virological and clinical characteristics along with epidemiological issues of the virus and associated disease. Additionally, in order to combat this situation rapid development of personal protective equipment is extremely vital that is significantly contributing towards the growth of the global personal protective equipment market.

Moreover, increase in the construction of infrastructure, growth in the mining due to rise in demand for natural resources and the escalation for the need of medicines leading to growth in the pharmaceutical industry are the key factors observed in the growth of the global personal protective equipment market. The increase in the construction of infrastructure is highly witnessed in the growing economies such as India, China, and Iran. The awareness of the infrastructure industry to provide with personal protective equipment to reduce the injury rate is further bolstering the growth of the global personal protective equipment market.

Challenges

However, the manufacturing process is highly cost- intensive with various complexities that is difficult for the shop-floor workers to comprehend with. This is a key factor that acts as a hurdle for the growth of the personal protective equipment market. 

Geographic Overview

Geographically, Europe is the largest revenue contributor in the global personal protective equipment market due to the growth of the pandemic massively in the region. The demand for personal protective equipment has been exceeded by European Union in order to fight coronavirus. The demand of personal protective equipment from this region is 10 times more as compared to that what is available in stock. According to a report published by European Union, approximately 1,563,857 cases of COVID-19 till first week of April and total deaths registered in the region have been reported as 95,044.

Additionally, countries such as Spain, Italy, Germany, France and United Kingdom (UK) estimated to register largest number of coronavirus cases. Moreover, doctors are threatening to quit jobs in Europe due to inaccessibility of equipments. As a result, to which government is estimated to spend USD 265 million on personal protective equipment that is expected to bolster the growth of the personal protective equipment market in the region.

Furthermore, prevalence of key players manufacturing personal protective equipment in North America along with an aim of these companies to enhance their solution offers is the key factor driving the growth of the personal protective equipment in this region. Additionally, providing improved personal protective equipment to the end-users is another factor pertaining towards the growth of PPE market in North America. The number of COVID-19 cases in North America is also enhancing rapidly with registered cases of almost 5,04,780 and 18,763 deaths as registered in the first week of April. Furthermore, massive explosion of coronavirus along with sufficient accessibility to personal protective equipments to healthcare workers is increasing in the region that is further bolstering the growth of personal protective equipment market in this region.

Moreover, Asia-Pacific is expected to witness substantial growth in the personal protective equipment market. COVID-19 disease escalated from China as a result to which Chinese suppliers has contracted supply of personal protective equipment that was almost 80% previously to the U.S. Furthermore, pandemic outbreaks lead to worst hit in China although the country is recovering and has started exporting the medical supplies to the U.S. and other affected countries. Additionally, country such as India is witnessing increasing number of coronavirus cases and the demand for personal protective equipment will enhance at a significant rate. 

Competitive Insight

Key players operating in the global personal protective equipment market are emphasizing their efforts upon strategic acquisitions in order to strengthen capabilities of research & development that supports them in providing innovative solutions to the users and thus gain competitive advantage.

Some of the major players operating the global personal protective equipment market are  The 3M Company, Ansell Limited, Honeywell International Inc., Sioen Industries NV, Kimberly-Clark Corporation, E I DuPont de Nemours and Co., MSA Safety Inc., Lakeland Industries, Alpha Pro Tech, Ltd., Radians Inc., Delta Plus Group, Uvex Safety, Avon Rubber, and Metric AG.

Forecast Parameters

  • - Identifying variables and establishing market impact.
  • - Establishing market trends regionally.
  • - Analyzing opportunities and market penetration rates by understanding product commercialization, regional expansion.
  • - Analyzing demand and supply trends and changes in industry dynamics to establish future growth.
  • - Analyzing sustainability strategies adhered by market participants in an attempt to determine future course of the market.
  • - Analyzing historical market trends and super-imposing them on the current and future variables to determine year-on-year trend.
  • - Understanding adoption, production, export, import and regulatory framework.

Data Validation

  • - Estimated and forecasted data was validated through industry experts.
  • - Apart from industry experts, data triangulation methods were used for validation.
  • - Bottom up and top down approach has been used for estimation and forecast of market data, whereas top down approach was used for validation.
  • - Demand, as well as supply-side surveys, were conducted in order to understand the industry dynamics and data validation.

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry includes, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behaviour.

Personal Protective Equipment Market Size

Source: VynZ Research

Personal Protective Equipment Market Analysis

Source: VynZ Research

Frequently Asked Questions

Acquisitions, and research and development (R&D) are the key strategies opted by the major companies in the PPE market.
Asia-Pacific is expected to witness substantial growth in the personal protective equipment market.
Asia-Pacific region offers great investment opportunities for the investors to witness the significant growth in the near future.
Across the globe, Europe was the largest revenue contributor in the personal protective equipment market in the year 2019.
The hand protection segment held the largest share in the global market in 2019.
The pharmaceuticals segment holds major share in the global personal protective equipment market in the year 2019.
Some of the major players operating the global personal protective equipment market are The 3M Company, Ansell Limited, Honeywell International Inc., Sioen Industries NV, Kimberly-Clark Corporation, E I DuPont de Nemours and Co., MSA Safety Inc., Lakeland Industries, Alpha Pro Tech, Ltd., Radians Inc., Delta Plus Group, Uvex Safety, Avon Rubber, and Metric AG.
The global personal protective equipment (PPE) market was valued at USD 52.7 billion in 2019.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle
Personal Protective Equipment (PPE) Market