© 2016 Global Market Insights. All Rights Reserved Personal Protective Equipment (PPE) market size worth USD 67.6 billion by 2023

© 2016 Global Market Insights. All Rights Reserved  Personal Protective Equipment (PPE) Market size is predicted to touch $67.61 billion by end of 2023 and register CAGR of 7.3% during forecast period.  Growing employee safety and health issues coupled with rising industrial fatalities across unregulated industries will promote personal protective equipment (PPE) industry growth.  Technological breakthroughs that focus on sustainable low priced materials can be critical for ensuring a steady personal protective equipment industry price trend and retain penetration.  Powerful monetary and infrastructure pointers in emerging nations like India and China are predicted to drive the PPE industry size in future. OSHA (Occupational safety and health administration) security guidelines in U.S. and Europe are predicted to push industry growth. Global Market Scenario of PPE Industry

© 2016 Global Market Insights. All Rights Reserved  Hand protectionsegment is forecast to register CAGR of 7% during forecast period with industry size evaluated at $8.65 billion for 2015 and predicted revenue of $14.8 billion by end of forecast period. Chemical, pharmaceutical, production & construction and food industries are the key demand opportunities for the segment.  Protective footwear segment is predicted to gain personal protective equipment (PPE) industry share and contribute more than 18% in terms of revenue by  Transport applications contributed near about $5.1 billion for 2015 and the segment offers substantial business & revenue growth opportunities for the industry.  Construction is yet another highly expanding application with predicted CAGR of 7.4% by end of forecast period. Overhead prices related with workplace accidents are predicted to enhance its industry penetration in future.  Oil & gas personal protective equipment industry size was $6 billion for 2015 and is predicted to surpass revenue of $11.1 billion by  Pharmaceuticals, chemical processing and food technology are few of other key applications of the industry. Continue.....

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© 2016 Global Market Insights. All Rights Reserved Application Analysis:- Transportation applications could present significant growth opportunities, with PPE market revenue estimated at just under USD 5 billion in Construction is another high-growth application segment, with expectations of 7.5% CAGR by Oil & gas personal protective equipment (PPE) market size was over USD 6 billion in 2015, and could see revenue in excess of USD 11 billion by the end of the forecast period. Regional Analysis:- U.S. personal protective equipment market size was estimated to be in excess of USD 12 billion in 2015, with strong growth indicators for the forecast timeframe. Rising occupational fatality rate, along with a pressing need for highly durable mechanical wear resistant and utility protective gears across core industries should drive growth. Competitive Market Share:- Some global participants have managed to overcome regional barriers, with Honeywell leading the industry interns of market share, estimated at over 27% in M, Dupont, Ansell, MSA, Uvex are some notable companies, with significant presence across various applications. 360° Analysis

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