Germany Personal Protective Equipment Market to surpass USD 5.5 billion by 2024
Date: 2018-11-26   Author: Rahul Varpe  Category: #market

Germany Personal Protective Equipment Market to surpass USD 5.5 billion by 2024

Global Market Insights, Inc. adds a new Personal Protective Equipment Market research report for the period of 2018-2024 focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

Personal Protective Equipment (PPE) Market size is set to surpass USD 70 billion by 2024; according to a new research report by Global Market Insights, Inc. Personal protective equipment is used to protect body from infection, injury, and accidental hazards along with workplace safety to the employees. It includes protective helmets, clothing, goggles, gloves, respiratory protection, and footwear.  The equipment protects wearer from electrical, physical, biohazards, chemical, heat and airborne particulate matter. Growing investments in PPE equipment in maintaining industrial and worker’s safety along with availability of diverse product range is likely to favor PPE industry growth.

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Manufacturing industry is a labor-intensive sector and involves various processes along with hazardous chemicals, gasses and equipment which may boost product demand. Rising fatal accidents leading to injuries, loss of life and additional cost of compensation has promoted use of safety equipment. Rapid industrialization along with growing investments has led to developing various industries such as oil & gas, chemical, mining and steel production thereby driving PPE industry growth.

Favorable regulations led by OSHA regarding occupational safety to control hazards effectively at its source to protect employees. PPE equipment minimize exposure to variety of hazards. OSHA is responsible to maintain improved and safe working conditions for workers mainly in areas of potential hazards and design standards and regulations which actively involves worker’s safety across various industries. Increasing awareness regarding worker’s safety along with various manufacturers providing proper fitting equipment in compliance with regulatory norms may have positive influence on personal protective equipment industry growth.

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Germany Personal Protective Equipment market size is anticipated to surpass USD 5.5 billion by 2024. In food processing industry, food is handled selecting the right safety equipment including gloves, apron, and caps. Majorly to avoid cuts, injuries to the skin & hands, and to avoid health risks to consumers from contaminated food ingredients.

Personal Protective Equipment cater to mechanical, mining, chemical, oil & gas, construction, manufacturing industries. These equipment helps workers to avoid vapors, dust, fog, mist, smoke and other harmful chemicals & gases. Increasing R&D spending on technological innovation in this sector may stimulate industry growth. The effectiveness of PPE relies on workers following instructions and procedures correctly.

Personal Protective Equipment market size from oil & gas application may exceed to USD 12 billion up to 2024. Fuel deposits are found in natural underground reservoirs both offshore and onshore. These fields are then drilled and pumped by using heavy machineries. Workers need strong protection against all these potential dangers including oil spills, risk of flammability, and fall to work comfortably in their protective garments will drive the market demand.

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Personal Protective Equipment market size from chemical application is anticipated to exceed USD 7.5 billion by 2024. PPE is used by workers to eliminate exposure to harmful chemicals. Chemicals can cause injury through direct skin contact, by inhalation of fumes vapors and dust. Typical products utilized include skin protection, eye protection and face shields which would drive product demand.

Global Personal Protective Equipment (PPE) market share is competitive and moderately fragmented with some of the manufactures which includes 3M, Ansell Ltd., Honeywell, JAL Group, MSA, DuPont. Companies are focused to manufacture innovative safety products which can have utilization in various end-use industry.  

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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