October 25, 2021 09:01 ET | Source: Fortune Business Insights Fortune Business Insights
Pune, India, October 25, 2021 (GLOBE NEWSWIRE) - According to Fortune Business Insights™, manufacturers operating in the United States are constantly striving to make the environment cleaner, safer, and more environmentally friendly. Some glove manufacturers are trying to reduce energy consumption by improving existing machines or developing new ones.
For example, in April 2020, Mallcom (India) Limited announced plans to launch new shoe covers and PPE overalls, as well as recyclable and disposable masks, especially for the medical industry. According to the report, the PPE market size in 2020 is US$128.675.1 billion and is expected to reach US$231.630.4 billion by 2028, with a compound annual growth rate of 7.6% during the forecast period.
The list of companies introduced in the global personal protective equipment market is;
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High demand for safety shoes and earmuffs drives the manufacturing sector to lead
According to the products, the PPE market is divided into head protection, hearing protection, eye and face protection, protective clothing, protective shoes, respiratory protection, hand protection, fall protection, etc. According to the end-use industry, it is divided into manufacturing, construction, oil and gas, chemical industry, food, pharmaceutical, transportation, etc.
Among them, the manufacturing sector produced the largest personal protective equipment market share in 2020. This is due to the increasing demand from workers and employers for earplugs, earmuffs, safety shoes and gloves, as these can protect them from fires, thermal burns and electric shocks.
We follow a unique research method that includes data triangulation based on bottom-up and top-down methods. We have also conducted extensive preliminary research to verify projected market numbers. The information used to estimate the share of many market segments at the national, regional and global levels is collected through interviews with stakeholders. We obtain data from industry journals, SEC documents, paid databases, and other real sources. The report includes detailed information such as drivers, opportunities, constraints, trends and market dynamics.
Increasing cases of workplace hazards worldwide to promote growth
It is expected that in the near future, the number of ongoing and planned construction and infrastructure projects will continue to increase, especially in India, China and the United States, which are expected to promote the growth of the personal protective equipment market. According to the Occupational Safety and Health Administration (OSHA), approximately 5,333 workers died at work in 2019. In addition, an average of about 15 people died every day in the same year.
Therefore, the demand for construction workers to provide protective shoes or boots with non-slip or puncture-resistant soles will rapidly increase. At the same time, national regulatory agencies are implementing strict regulations to protect workers from falls, electric shocks, ditch collapses, and toxic substances. However, lack of awareness of workplace hazards may hinder the demand for these devices.
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Increase spending in the healthcare sector to help North America dominate
Geographically, North America’s revenue in 2020 will be US$42.805.7 billion, and it is likely to maintain its leading position. Government spending in healthcare and medical fields continues to increase, which is expected to drive growth. In addition, manufacturers and workers continue to increase their awareness of key occupational safety measures, which will contribute to growth.
In Europe, due to favorable government regulations, such as EU Directive 2016/425, the market will remain second in the next few years. This regulation aims to ensure the quality standards of PPE available on the European market. On the other hand, supported by the rapid industrialization of China, Vietnam and India, the Asia-Pacific region may see significant growth.
Major players aim to expand production capacity to meet the high demand in COVID-19
The global personal protective equipment market has many manufacturers, and these manufacturers are currently striving to meet the growing needs of global customers. The COVID-19 outbreak has forced frontline workers to wear protective clothing and protective equipment to prevent spread. Therefore, most of these manufacturers are expanding their production capacity.
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The following is one of the latest industry developments:
March 2020: Honeywell plans to accelerate the production of N95 masks in the United States in response to the increasing demand for masks during the COVID-19 pandemic. The company hopes to expand manufacturing operations at a plant in Rhode Island.
Take a look at the relevant research insights:
Protective gloves market size, share and COVID-19 impact analysis, by-products (disposable gloves and durable gloves), according to raw materials (natural rubber gloves, aramid fiber gloves, nitrile gloves, neoprene gloves, polyurethane, vinyl (PVC) ) Gloves, and leather gloves), forecast by application (healthcare, manufacturing, construction, food and beverage, oil and gas, mining, etc.) and region, 2020-2027
Protective clothing market size, share and industry analysis, by-products (disposable and durable), by application (flame retardant clothing, chemical protective clothing {radiation protection, particulate matter, etc.}, clean room clothing, mechanical protective clothing, etc.), by end use (Pharmaceuticals, oil and gas, chemicals, firefighters, etc.) and regional forecasts, 2020-2027
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