Personal Protective Equipment Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2032
Page: 215 | Report Code: MC24052401 | Research Suite: Report (PDF) & Market Data (Excel)
The active equipment refers to a range of clothing and
equipment that are designed to protect individuals from health and safety
hazards working in various environments. The PPE includes items like helmets,
gloves, eye protection, high visibility clothing, safety wear, safety footwear
and respiratory protective equipments. These items are crucial in minimizing
exposure to hazards that causes serious workplace injuries and illness. It is a
used across vast industries from construction to manufacturing and mining,
ensuring the safety and well-being of the workers by providing a safety barrier
against physical, chemical, biological, and radiological hazards.
MARKET
OVERVIEW
The market valuation of personal protective equipment market was valued at approximately USD 54 billion in 2023 and is projected to reach USD 78.6 billion in 2032 exhibiting a CAGR of 6.1% during the forecast period of 2024-2032. Personal protective equipment is crucial for safeguard the workers from health and safety hazards. The market is aligned with diverse sectors, which makes it a sustainable and growing market.
GROWTH
DRIVERS
The increase in safety standards like OSHA and the Eu-OSHA where they strict regulations requiring the use of PPE in the hazardous working environments. These regulations mandates updates and compliance checks, where the companies are compelled to invest in high quality PPE to avoid penalties and ensure workers safety. The increase in awareness of workplace hazards, heightens the demand for effective PPE to protect workers from injuries, fuels the market growth.
According to the International Labour Organization (ILO), nearly 3 million workers die annually from work-related accidents and diseases, which is a 5% increase. This includes 2.6 million deaths from work-related diseases and 330,000 deaths from work accidents. The top three causes of work-related death are circulatory diseases, malignant neoplasms, and respiratory diseases. The ILO also estimates that 160 million non-fatal work-related diseases occur each year, which means that about 6,400 people die from work-related accidents or diseases every day, and 860,000 people are injured on the job.
According to WHO/ILO joint estimate, 750,000 deaths were attributed to exposure to long working hours, the biggest risk factor for work-related disease. The other risk factors include the exposure to air pollution, asthma Gens, carcinogens, ergonomic risk factors, and noise. The enhanced awareness programs and educational campaigns makes the employees and employees more aware and conscious for the need of PPE, contributing towards market growth. The World Health Organization (WHO) considers occupational health to be a key factor in public health and health systems development. The WHO's definition of occupational health is "the promotion and maintenance of the highest degree of physical, mental, and social well-being of workers in all occupations".
The WHO's work on occupational health includes addressing
risks for disease and injury in the workplace, social and individual factors,
and access to health services. The expansion of construction and manufacturing
sector increases the demand of the market. According to Oxford Economics, the
global construction industry is expected to continue growing by 3% till 2030,
the expected market value to grow by USD 4.5 trillion over the decade to 2030
to reach USD 15.2 trillion.
MARKET
SEGMENTATION:
·
By Product Type – Head
Protection (safety helmets and hard hats), eye and face protection (safety
spectacles, safety goggles, wielding shields, face shields), Hand protection
(gloves), hearing protection (earplugs, cap mounted earmuffs, hearing bands),
respiratory protection (air purifying respirators, supplied air respirators,
safety masks), protective clothing (coveralls, aprons, suits), foot and leg
protection (safety shoes, boots, leg guards), fall protection (soft goods, hard
goods, full body harness and body belts) and others
·
By End Users Industry-
manufacturing and construction, oil and gas, energy and power, mining and
military, food and beverages, electronics and semiconductor, law enforcement
and firefighting, chemical and healthcare
·
By Region- North America, Europe,
Asia Pacific, The Middle East and Africa, South America
Personal
Protective Equipment Market Segment By Product Type
Segment Review:
The PPE market consists of a wide ride a range of products designed to protect workers from various hazards. The safety helmets and hard hats are essential for the protection of workers from the head injuries caused by the falling objects or electrical hazards in environments like construction, mining, manufacturing and electrical work.
The eye and face protection includes safety spectacles and goggles, that are designed for the protection of eyes from flying debris chemical splashes and harmful radiation in laboratories, manufacturing and wood working. The welding shields and face shields protects against intense light and sparks, providing broader facial protection in welding, metalworking and healthcare settings. The hand protection segment includes gloves that provides protection from cuts, abrasions, chemicals and extreme temperatures and are widely used in almost all sectors from construction to food & beverage sectors.
The hearing protection includes earplugs, cap-mounted and hearing bands to protect against noise-induced hearing loss. The respiratory protection includes air-purifying respirators and supplied air respirators that protects against inhalation of harmful dusts, fumes and vapors in various sectors. The safety masks filters out the airborne particles and pathogens.
The protective clothing includes coveralls, aprons and suits to
protect against chemicals, fire and biological hazards that are commonly used
in healthcare, chemical processing, firefighting and others. The foot and leg
protections includes safety shoes, boots, and leg
guards designed to protect against impacts, punctures, slips and electrical
hazards. The fall protection includes soft goods and hard goods like harness,
lanyards and anchor points to prevent falls in construction area, maintenance
and energy sector.
Personal
Protective Equipment Market Segment By End User
Industry Segment Review:
The PPE is crucial in manufacturing and construction due to its high risk of physical injuries, exposure to hazardous materials and heavy machinery operations. In the oil and gas industry, the PPE like flame-resistant clothing, safety helmets, eye protection and respiratory equipment are vital. As the workers are mostly exposed to the extreme environments, chemicals and flammable materials. The energy and power sector including renewable energy projects, where high voltage equipment and hazardous conditions are very common.
The PPE like insulating gloves, protective clothing and fall protection gears are essential. The mining operations where the workers are exposed to dust, heavy machinery and potential collapses requires the use of helmets, respirators and protective clothing and hearing protection. In the military segment, the PPE provides protection from chemical and biological threats. The food and beverages requires the use of PPE to maintain hygiene and protect workers from the contaminants and machinery hazards. The electronics and semiconductor industry requires PPE for cleanroom environments and protection against electrical hazards.
The law enforcement and
firefighting uses PPE like body armor, helmets,
gloves and respiratory protection, which safeguards the workers from physical
attacks, fires and other. In the chemical industry, the workers are often
exposed to hazardous substances and requires protection from toxic chemicals
where PPE serves the purpose. The healthcare sector utilizes PPE including
masks, gloves and face shields protecting the workers from the infection and
diseases.
Personal
Protective Equipment Market Regional Analysis:
North America is a significant market share driven by the presence of safety regulations by OSHA and other regulatory bodies, ensuring the stringent safety standards at workplace. Europe is a valuable market drive by the presence of EU-OSHA and robust industrial base. Asia Pacific is a rapidly growing market driven by rapid industrialization and urbanization in the emerging economies like China, India and Southeast Asian Counties.
The region is also known as the manufacturing hub, driving the adoption of the market growth. The Middle East and Africa is another growing market driven by the investments in infrastructure development and presence of robust oil and gas industry. South America is a valuable market driven by modernization and expanding manufacturing and food processing sector.
Key
Challenges:
The cost associated with the advanced and robust materials
and technologies, where small and medium-sized enterprises may struggle to
afford adequate PPE for their employees, which may hinder the market adoption
and growth. The different countries and regions have different types of safety
standards and varying regulations for safety of workers at workplace. The PPE
manufacturers have to navigate through the
regulatory landscape to ensure the products meets all the necessary standards,
which may be time-consuming and costly, hindering the market growth.
Competitive
Landscape:
In the highly competitive Personal Protective Equipment
market, companies are investing heavily in research and development to innovate
and improve the product and services. They are also collaborating, forming
strategi partnerships, or acquiring other companies to gain access to new
market segments, enhance distribution networks, and increase market share.
Recent developments includes – Ansell Ltd. acquired
Careplus (M) Sdn Bhd (Careplus), in February 2023. Supermax Corp Bhd's
subsidiary, Supermax Healthcare Canada formed a strategic partnership with
Minco Wholesale & Supply Inc. through a formal agreement, in August 2022.
Honeywell formed a strategic partnership with AstraZeneca to develop
respiratory inhalers, in 2022.
Global Key
Players:
·
MSA Safety Inc.
·
3M Company
·
Sioen Industries
·
Ansell Limited
·
Mallcom
·
Radians Inc.
·
DuPont de Nemours Inc.
·
Honeywell International Inc.
·
Lakeland Industries, Inc.
· UVEX GmbH
Attributes |
Details |
Base Year |
2023 |
Trend Period |
2024 – 2032 |
Forecast Period |
2024 – 2032 |
Pages |
215 |
By Product Type |
Head Protection (safety
helmets and hard hats), eye and face protection (safety spectacles, safety
goggles, wielding shields, face shields), Hand protection (gloves), hearing
protection (earplugs, cap mounted earmuffs, hearing bands), respiratory
protection (air purifying respirators, supplied air respirators, safety
masks), protective clothing (coveralls, aprons, suits), foot and leg
protection (safety shoes, boots, leg guards), fall protection (soft goods,
hard goods, full body harness and body belts) and others |
By End-User Industry |
manufacturing and
construction, oil and gas, energy and power, mining and military, food and
beverages, electronics and semiconductor, law enforcement and firefighting,
chemical and healthcare |
By region |
North America, Europe,
Asia Pacific, the Middle East and Africa, and South America |
Company Profiles |
MSA Safety Inc., 3M
Company, Sioen Industries, Ansell Limited, Mallcom, Radians Inc., DuPont de
Nemours Inc., Honeywell International Inc., Lakeland Industries, Inc., UVEX
GmbH |
Edition |
1st edition |
Publication |
May 2024 |