The personal protective equipment (PPE) market has a forecast period from 2014 to 2020. It is anticipated to grow at about 7 percent CAGR during the said phase. Personal protective equipment is inclusive of equipment that protects eyes, head, face, ears, hands, feet, etc of people during work. These also offer breathing and clothing protection at workplace.
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Apart from all these kinds, the personal protective equipment (PPE) market also has applications across various industry verticals. These include production, construction, oil and gas, pharmaceuticals, food, conveyance and others. Rising demand for personal protective equipment from all these application sectors is predicted to drive demand for the personal protective equipment (PPE) market.
Growing consciousness regarding safety at work and augmented policies of government are primary components, propelling further demand for the personal protective equipment (PPE) market. Health laws and work-related security directives in various nations are the other components that drive further demand for the personal protective equipment (PPE) market.
Moreover, security issues of workers and protection standards are being discussed worldwide and enhanced. Both these factors also propel the personal protective equipment (PPE) market further. Growing global investments and fast urbanization are the two other significant factors, driving the market ahead. Growing demand for these equipment in the emergent nations of Asia Pacific is fuelling further growth of the personal protective equipment (PPE) market in this region.
The market is segmented on the basis of kinds, applications and geographies. The various kinds and applications have been mentioned above. The geographies sector is divided into four key regions, including Asia Pacific, Europe, North America and rest of the world.
Information Source: Grand View Research