Personal protective equipment (PPE) market valuation to exceed USD 70 billion by 2024, innovative head protection equipment to drive the industry expansion
Publisher : Fractovia | Published Date : 2018-09-10Request Sample
Essentially powered by an extensive application domain, personal protective equipment (PPE) market has established a commendable presence in the polymers and advanced materials industry in the past few years. A rapid increase in the number of industrial accidents and potentially fatal injuries has compelled several prominent regulatory authorities across the globe to enforce stringent safety guidelines regarding the usage of PPE. For instance, the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has mandated employers to identify and provide appropriate PPE to employees working in hazardous industrial settings. Moreover, OSHA has laid out standards for employers to maintain and replace damaged PPE, train employees to appropriately use the same, and periodically review the PPE program.
U.S. PPE Market Size, By Application, 2016 & 2024, (USD Million)
Concurrently, it has been observed that regulatory bodies have been reaching out to foremost trade groups and associations to develop best practices pertaining to the usage of these equipment which would certainly benefit the major firms partaking in the PPE market. In addition to framing various PPE standards, OSHA for instance, has been proactive in fostering collaborative relationships among professional organizations and trade unions committed to worker safety and health. It has recently signed a two-year agreement with the International Safety Equipment Association to share information on how to properly choose, utilize, preserve, and store PPE. The alliance further aims to work on developments in national consensus standards for PPE – a factor that would augment the PPE industry share in the years ahead.
PPE industry product portfolio to be characterized by the launch of innovative head protection equipment
Amongst the overall product domain of the PPE market, the head protection equipment has been garnering considerable attention lately. It would be prudent to mention that head protection equipment is being increasingly regarded as crucial across numerous business verticals such as oil and gas, mining, and metal fabrication among others. In fact, according to the statistics noted in the research report collated by Global Market Insights, Inc., the product segment of the PPE industry was majorly driven by head protection equipment which held a total remuneration scale of about USD 2 billion in 2017. With several industry players unveiling new products with added security features, the head protection equipment is estimated to contribute immensely toward PPE market share expansion in the times to come.
Enumerated below are a few noteworthy instances of product launches that underscore the rising significance of head protection equipment:
- Regarded as one of the leading PPE market players, Honeywell has recently introduced a new full brim hard hat and face shield combination kit with advanced safety and ergonomic features. Reportedly, the hard hat consists of an internal suspension system with multiple adjustment points that maximize head protection and provide for a personalized fit. Moreover, the new combination kit has earned several certifications including CSZ94.12015 Type 1, Class E, and ANSI Z89.1-2014 Type 1 standards.
- Alpha Solway has recently unveiled its multi-award-winning range of innovative safety helmets in the UK and Ireland. These helmets are known to provide excellent head protection for workers across multiple verticals including engineering, manufacturing, utilities, and construction. Reportedly, the range of these products includes state-of-the-art Ranger safety helmets, Rockman series of safety helmets, and E-MAN range of safety helmets.
- With an aim to provide advanced safety helmets to the defense personnel, DuPont has launched TENSYLON HA120 in June 2018. This new material provides maximum ballistic protection at a 40% lighter weight than traditional helmets and ensures improved durability for high performance helmet applications.
Driven by a stringent regulatory framework, continued R&D activities, and the unveiling of highly varied product range in different grades, features, and quality, the PPE market share is slated to expand at an exceptional pace in the times to come. In fact, as per reliable estimates, the commercialization scale of the global PPE industry is forecast to surpass USD 70 billion by 2024.
