Jun 5, 2020   SOURCE: BusinessWire

2020 Insights on the Worldwide PPE Industry - The Outbreak of COVID-19 Has Increased Demand - ResearchAndMarkets.com

The "Personal Protective Equipment Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The personal protective equipment market is expected to grow at a CAGR of 7.8% over the forecast period 2020-2025. The increasing number of COVID -19 cases, along with the rising industrial awareness of employee protection at the workplace, are the major factors driving the growth of the personal protective equipment market. Moreover, the development of better and improved quality of pharmaceutical drugs in clinical labs has increased the requirement of personal protective equipment (PPE) in the healthcare sector.

The Asia-Pacific region is experiencing a sudden increase in the demand for PPE kits owing to the rapid spread of the COVID 19 virus. This region accounts for the largest infected people due to which PPE kits are being procured for frontline workers, along with workers working in various industries. Companies like Ford have restarted their production post lockdown in may and have provided PPE kits to each of their workers.

Moreover, surging demand, partly joined with panic buying, hoarding, and misuse of personal protective equipment (PPE), has disrupted global supplies and risked lives across the world. World Health Organization (WHO) estimates that 89 million medical masks are required for the COVID-19 response each month, along with 76 million examination gloves and 1.6 million medical goggles. WHO also estimates that the industry must increase manufacturing by 40% and urges governments to act quickly to boost supply and is expected to fuel the PPE market in a short duration.

The PPE kits are also widely used by construction workers owing to the hazardous locations and environments. China was one of the significant markets for the PPE market due to the wide expansion of its railways.

Moreover, the Chinese investment in railways is expected to rise by almost 6% year-over-year to USD 125 billion in 2020 for the construction of a high-speed rail network. China Railway Corporation is expected to build 6,800 km of new lines, including 4,100 km of high-speed infrastructure, which is 45% more than the total mileage commissioned in 2019.

Companies Mentioned

  • 3M Company
  • Alpha Pro Tech, Ltd.
  • Ansell Ltd.
  • Avon Protective Systems, Inc
  • Cofra Srl. Cofra Srl
  • Gateway Safety, Inc.
  • Honeywell International Inc.
  • JAL Group France SAS
  • MSA Company
  • Oftenrich Holdings Company Limited
  • Polison Corporation
  • Rock Fall Limited
  • UVEX Safety Group Gmbh

Key Topics Covered:

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Increasing Initiatives Taken by the Government and the NGOs to Spread the Awareness of Employee Protection

4.2.2 Outbreak of Coronavirus Across the World Has Increased the Utilization of Protection Equipment

4.3 Market Restraints

4.4 Value Chain / Supply Chain Analysis

4.5 Porters 5 Force Analysis

4.5.1 Threat of New Entrants

4.5.2 Bargaining Power of Buyers/Consumers

4.5.3 Bargaining Power of Suppliers

4.5.4 Threat of Substitute Products

4.5.5 Intensity of Competitive Rivalry

4.6 PESTLE Analysis

4.7 Impact of COVID-19 on the PPE Industry

5 MARKET SEGMENTATION

5.1 Product Type

5.1.1 Hands & Arm Protection

5.1.2 Respiratory Protection

5.1.3 Eye & Face Protection

5.1.4 Head Protection

5.1.5 Foot & Leg Protection

5.1.6 Protective Clothing

5.2 Application

5.2.1 Construction

5.2.2 Oil & Gas

5.2.3 Manufacturing

5.2.4 Food & Beverage

5.2.5 Chemicals

5.2.6 Transportation

5.3 Geography

5.3.1 North America

5.3.1.1 United States

5.3.1.2 Canada

5.3.2 Europe

5.3.2.1 United Kingdom

5.3.2.2 Germany

5.3.2.3 Spain

5.3.2.4 Italy

5.3.2.5 France

5.3.2.6 Netherlands

5.3.2.7 Rest of Europe

5.3.3 Asia-Pacific

5.3.3.1 China

5.3.3.2 Japan

5.3.3.3 India

5.3.3.4 South Korea

5.3.3.5 Singapore

5.3.3.6 Australia

5.3.3.7 Rest of Asia-Pacific

5.3.4 Latin America

5.3.4.1 Brazil

5.3.4.2 Mexico

5.3.4.3 Argentina

5.3.4.4 Rest of Latin America

5.3.5 Middle East and Africa

5.3.5.1 Saudi Arabia

5.3.5.2 United Arab Emirates

5.3.5.3 South Africa

5.3.5.4 Egypt

5.3.5.5 Kuwait

5.3.5.6 Rest of the Middle East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/39kr4i