Thursday, 14 January 2016

Demand for Automation a Clear and Present Danger to Personal Protective Equipment Market

Personal protective equipment (PPE) refers to the devices used for safeguarding various parts of the human body during industrial operation. These include equipment used to protect the head, eyes, and face, the respiratory system, hearing, and hands, and protective clothing and fall protection equipment. The global market for personal protective equipment is being driven by the rising concern for worker safety in various industries.

According to research recently published by leading market analysis firm Transparency Market Research (TMR), the global personal protective equipment market is expected to exhibit a CAGR of 7.30% from 2014 to 2020. At this robust CAGR, the market is expected to rise from a value of US$33.9 bn in 2013 to an estimated US$55.5 bn in 2020.

Professional Footwear Dominates Global Personal Protection Equipment Market

The market for personal protective equipment is segmented into protective clothing; professional footwear; fall protection equipment; respiratory protection equipment; head, eye, and face protection equipment; hearing protection equipment; hand protection equipment; others on the basis of product type. Among these, the important role played by professional footwear in ensuring the safety of industrial workers has resulted in the professional footwear segment gaining a dominant share in the global personal protective equipment market in 2013.

The segment of professional footwear was worth more than US$7 bn in 2013, more than 20% of the global personal protective equipment market. Professional footwear is used in several end-use segments of the personal protective equipment market, since several industries pose a risk to the feet of workers due to spillage of hazardous materials. However, the fall protection equipment segment is expected to grow the fastest in the forecast period, exhibiting an 8.80% CAGR. This is due to the important role played by fall protection equipment in the construction industry, which is growing rapidly all over the world.

China’s construction industry, which is primarily labor-intensive, is a major end user of fall protection equipment, since the number of high-rises is increasing in several Chinese cities and sufficient protection has to be afforded to ensure the safety of workers working on such projects.

Rising Demand for Automation Restricts Global Personal Protective Equipment Market

Personal protective equipment is used in a large number of industries, including manufacturing, oil and gas, food and beverages, chemicals, transportation, and others. However, many players operating in these industries are increasingly opting for automation, leading to a drop in demand for personal protective equipment. The trend of automation of industrial processes is particularly high in developed countries, though the high demand for human labor in developing economies will ensure a steady growth rate for the personal protective equipment market in the coming years.

Technological Innovation to Make PPE More Efficient to Remain Key R&D Avenue

A notable development in the personal protective equipment of late, and one that is in line with the increasing need for innovation and modernization of products observed in the market, is the release of new products in the Demron product line of Radiation Shield Technologies. The company revealed the Demron ICE suit at the Personal Protective Equipment Conference in December 2015. The suit protects the wearer from biological as well as chemical threats, making it an effective tool in several industries.

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