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Personal Protective Equipment Market
The growing consciousness of security and health is driving the market demand.
Growing demand for precautionary gear in high probability sectors such as healthcare and construction is pushing the market forward” - Polaris Market ResearchNEW YORK CITY, NY, UNITED STATES, November 18, 2024 /EINPresswire / -- Our personal protective equipment market report has been prepared using advanced methodologies and research techniques to help businesses make strategic business decisions.
According to an exhaustive report by Polaris Market Research, the global personal protective equipment market is poised for significant growth over the next decade. In 2023, global sales income reached USD 70.17 billion. Predicted to boost at a robust CAGR of 6.4%, the market is estimated to reach USD 122.75 billion by 2032.
Market Introduction:
Personal protective equipment is an equipment adorned to lessen vulnerability to threats that cause significant workplace wounds and diseases. These wounds and diseases may emanate from exposure to chemical, radiological, physical, electrical, mechanical, or other workplace threats.
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All personal protective equipment should be securely outlined and structured and should be sustained in an unblemished and dependable fashion. It should be pertinent and promote worker usage as industries focus on worker happiness and satisfaction to security directives thereby pushing the personal protective equipment market demand.
Key Companies in Personal Protective Equipment Market:
.Alpha ProTech
.Ansell Ltd.
.Avon Rubber p.l.c.
.Bullard
.COFRA S.r.l.
.Delta Plus Group
.DuPont
.Honeywell International, Inc.
.Lakeland Inc.
.Mallcom (India) Limited
.MSA Safety
.Supermax Corporation Berhad
.Uvex Group
Market Drivers and Opportunities:
Expansion of Industrial Activities: The augmentation of industrial ventures, infrastructure projects, and construction worldwide, along with inventions in PPE, such as the advancement of weightless, resistant, and more pleasant substances, are boosting the demand for personal protective equipment market growth.
Growing Usage of Green Substances: There is a rise in the usage of green substances to manufacture PPEs. Every year, millions of plastic gloves and other PPE are thrown into junkyards, causing soil pollution.
Technological Progressions: Technology plays an important part in the market. Many prevalent security regulation systems are costly and demand notable sustenance. A more popular solution has been drafted in the configuration of a computer vision system to observe security in industrial surroundings.
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Segmental Analysis:
.The personal protective equipment market segmentation is based on product, application, and region.
.By product analysis, the hand protection segment held the largest market share. This is due to the growing consciousness of security in the mining, construction, and chemical sectors.
.By application analysis, the healthcare segment is poised to register a significant CAGR. This is due to the growing cases of infectious illnesses and elevated consciousness of defense.
Regional Overview:
The research report covers all the major regions and sub-regions of the personal protective equipment market. The study provides market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America: North America accounted for the largest market share. This is primarily because of increasing cases of workplace mishaps. For instance, according to the approximate Bureau of Labor Statistics (BLS), the US registered 5486 cases of lethal workplace injuries in 2022, mirroring a 5.7% rise from the 5190 cases registered in 2021.
Asia Pacific: Asia Pacific accounted for the largest market share. This is primarily because of escalated infrastructure disbursement propelled by speedy industrialization in surfacing South Asian nations such as India, Vietnam, and China.
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FAQs:
How much is the personal protective equipment market?
The market size was valued at USD 70.17 billion in 2023 and is projected to grow to USD 122.75 billion by 2032.
What is the growth rate of the personal protective equipment market?
The global market is projected to register a CAGR of 6.4% during the forecast period.
Which region held the largest market share?
North America accounted for the largest market share in 2023.
Which segment by product led the market?
The hand protection segment dominated the market in 2023.
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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
Likhil G
Polaris Market Research and Consulting
+ +1 929-297-9727
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