Personal Protective Equipment (Ppe) Market Size Worth $67.6 Billion by 2023: Global Market Insights, Inc.

Personal Protective Equipment (PPE) Market size is forecast to hit USD 67.6 Billion by 2023; as per a new research report by Global Market Insights, Inc. Rising employee safety and health concerns, along with high number of industrial fatalities in unregulated regional industries will drive the global personal protective equipment (PPE) market size.

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U.S PPE market, being one of the most regulated regions, dominated demand, with over USD 12.5 Billion revenue in 2015. Product innovation, with changing needs for protective gear that combines safety with attractiveness in terms of appearance will augment industry expansion.

Safety guideline set by OSHA, especially in the U.S. will be a key growth facilitator. Rising fatality rate in core industries, including automotive, refining, metal processing and oil & gas will be a key parameter for demand development.

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Hand protection, including industrial safety gloves market, is forecast to grow at 7% CAGR, from USD 8.7 Billion in 2015. Food manufacturing, heavy chemicals, clinical diagnostics, pharmaceuticals, mining and metals are key application areas for this segment.

Personal protective equipment manufacturers design and supply products for different end-use industries by employing unique and innovative technologies. Most of them either have their own proprietary technology or license it from other industry participants.

Key insights from the report include:

• Global personal protective equipment market size was over USD 38 Billion 2015, with 7.3% CAGR growth forecast from 2016 to 2023.

• Industrial protective clothing market size, dominated by flame retardant apparel, is forecast to witness 7.4% CAGR growth, from USD 8.5 Billion in 2015.

• Protective footwear market is likely to witness...