Published Date: 24-Nov-2022
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According to a new report, published by KBV research, The Global Personal Protective Equipment Market size is expected to reach $118.8 billion by 2028, rising at a market growth of 5.5% CAGR during the forecast period.
The Hand Protection market is leading the Global Personal Protective Equipment Market by Product in 2021; thereby, achieving a market value of $28.7 billion by 2028. Gloves are utilized to protect against wounds, chemical burns, abrasions, and burns. In the construction, oil and gas, food processing, healthcare, and metal fabrication industries, risks associated with hazardous compounds, handling warm objects, and heavy-duty equipment are likely to spur demand for protective gloves. Owing to this, the market would expand in the region.
The Oil & Gas market is anticipated CAGR of 6.3% during (2022 - 2028). This is due to upstream & downstream activity, the oil and gas industry is projected to increase at a constant rate. Rapid technological improvements in the oil and gas sector are anticipated to increase demand for personal protective equipment throughout the forecast period.
The North America market dominated the Global Personal Protective Equipment Market by Region in 2021; thereby, achieving a market value of $41.5 billion by 2028. The Europe market is poised a CAGR of 5% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 6% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Honeywell International Inc., Lakeland Industries Inc., DuPont de Nemours, Inc., 3M Company, Ansell Ltd., Avon Rubber plc, COFRA S.r.l., FallTech, Alpha Pro Tech Limited and Mine Safety Appliances (MSA) Company.
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