In terms of value, the personal protective equipment market is estimated to grow from USD 54.0 billion in 2023 to USD 69.4 billion by 2028, at a CAGR of 5.1%. Rising demand of personal protective equipment from industries such as healthcare, manufacturing, construction, oil & gas, food, transportation, firefighting, and others for variety of applications is leading the market. During the forecast period, this is anticipated to expand the personal protective equipment market even more.
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The personal protective equipment market is evolving, with major players playing a vital role in developing new and advanced products. Honeywell International Inc. (US), DuPont de Nemours, Inc. (US), 3M Company (US), Ansell Limited (Australia), Kimberly-Clark Corporation (US), Lakeland Industries, Inc. (US), Alpha Pro Tech, Ltd. (Canada), Sioen Industries NV (Belgium), Radians Inc. (US), and MSA Safety Inc. (US) are key players in the personal protective equipment market. These players have adopted various growth strategies to strengthen their position in the market. These include new product launches, mergers and acquisitions, contracts, partnerships, and product development activities to further expand their presence in the personal protective equipment market.
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Honeywell International Inc.
Honeywell International Inc. is a multinational company known for its diverse range of products and services, including a strong presence in the personal protective equipment (PPE) market. With a more than a century-long history, the company has gained a reputation for innovation and excellence in the manufacture of PPE goods. Honeywell International Inc. focus to individual safety and well-being is obvious in its comprehensive range of PPE options, which includes ranging from high-quality safety goggles, respiratory protection, and gloves to innovative hearing protection and headgear. For instance, in February 2022, Honeywell International Inc. announced a partnership with AstraZeneca to develop new-generation respiratory inhalers that use near-zero global warming potential propellants to treat chronic obstructive pulmonary disease (COPD) and asthma. This partnership will help the company to cover a broad range of markets. Moreover, in September 2020, the company announced that NFL's Carolina Panthers and Honeywell International Inc. have collaborated to create a safer stadium experience by offering individual personal protective equipment packs for Panthers staff and fans, as well as deploying air quality monitoring solutions, through a custom real-time Healthy Buildings dashboard. The partnership will help the company to develop infinite possibilities in the personal protective equipment market with modern technology.
3M Company
3M Company is one of the top producers and creators of personal protective equipment and industrial products worldwide. The company's commitment to safety and well-being can be seen in its extensive PPE options, which include high-quality respiratory protection, safety glasses, hearing protection, and a wide range of additional safety solutions. The company offers a comprehensive range of PPE products that cater to diverse industries, from healthcare, manufacturing, construction, oil & gas, food, transportation, firefighting, and others. The Company expands certain businesses from time to time which are aligned with its strategic intent with respect to, among other factors, growth markets and adjacent product lines or technologies. For instance, in May 2022, the company announced an expansion to grow its plant in Valley, Nebraska. The Company is investing approximately USD 58 million to fund the 80,000 square foot expansion that is expected to create approximately fifty new jobs at the facility. This facility is expected to produce respiratory and hearing protection products.
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North America was the largest region for the personal protective equipment market in 2022, in terms of value
The expansion of the personal protective equipment market in the North America region is primarily due to strict regulations regarding workplace safety. The North America healthcare sector is one of the largest in the world. The sector has a significant need for medical personal protective equipment (PPE), including gloves, masks, gowns, and face shields. On the other hand, Asia Pacific is projected to be the fastest growing region in this market during the forecasted period. The Asia Pacific area, which includes China, India, Japan, South Korea, and Southeast Asian countries, has experienced substantial economic expansion in recent decades. This expansion has resulted in greater industrialization, construction, and manufacturing activity, resulting in a significant demand for PPE to safeguard the expanding workforce.
Recent Developments
- In 2022, Honeywell International Inc. announced a commercial partnership with AstraZeneca to develop next-generation respiratory inhalers that use near-zero global warming potential (GWP) propellants to treat asthma and chronic obstructive pulmonary disease (COPD).
- In 2020, 3M Company expanded its business by increasing its monthly production rate of N95 respirators from thirty-five million respirators to more than ninety-five million respirators as ordered by the US Department of Defense due to the COVID-19 crisis. This will help the company to fulfill the increasing demand for the N95 respirators.
- In 2020, DuPont de Nemours, Inc. announced a partnership with Merrow (US) to supply Tyvek material to Merrow for the manufacture of isolation gowns made with Tyvek 1222A as part of the #TyvekTogether program. This partnership will help the company to diversify its product material.
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Based on type, the personal protective equipment market has been segmented as follows:
- Hands & Arm Protection
- Disposable Gloves
- Reusable Gloves
- Others
- Protective Clothing
- Disposable Protective Clothing
- Reusable Protective Clothing
- Foot & Leg Protection
- Respiratory Protection
- Disposable Face mask
- Reusable Face Mask
- Others
- Eye & Face Protection
- Head Protection
- Others
- Hearing Protection
- Fall Protection
Based on end-use industry, the personal protective equipment market has been segmented as follows:
- Manufacturing
- Construction
- Oil & Gas
- Healthcare
- Transportation
- Firefighting
- Food
- Others
- Law Enforcement
- Utilities
- Mining
- Military
- Sports
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Based on region, the personal protective equipment market has been segmented as follows:
- North America
- Asia Pacific
- Europe
- Middle East & Arica
- South America
The report provides insights on the following pointers:
- Market Penetration:Comprehensive information on the product portfolios of the top players in the Personal protective equipment (PPE) market.
- Product Development/Innovation:Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
- Market Development:Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Personal protective equipment (PPE) market.
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