The global personal protective equipment (PPE) industry, one among the foremost regulatory-driven spheres of its time, has only served to realize further prominence within the recent years. With the expanding pace of industrialization, the amount of producing procedures and protocol has increased by several proportions, on account of which personal protective equipment companies are that specialize in designing unique protective wear with a view to make sure optimum safety for workers.
However, the previous couple of months have witnessed a dramatic turn within the PPE industry dynamics – courtesy: the much dreaded COVID-19. Having originated in Wuhan, China, this virus has brought the whole world to a standstill, driven by nationwide lockdowns and therefore the necessity of following social distancing. Amid this significant scenario however, the demand for PPE has increased tremendously so as to guard frontline workers and medical staff. Not just the healthcare sector, but the polymer industry has also benefitted from the pandemic, because the demand for NBR latex gloves and similar PPE has depicted an incredible upsurge.
PPE as on today, is indicative of a firm line of defense against serious injuries that occur at the workplace, as per a recent personal protective equipment marketing research report. Having said that, it’s essential that the credibility factor of those equipment remains unquestioned, for maintaining the security standards. Subject to the growing technological advancements, personal protective equipment companies are experimenting with the mixing of smart and connected equipment also , additionally to considering the aspects of light-weightiness and costs.
While citing an instance demonstrating the increased proactiveness of private protective equipment companies, it’s prudent to state the mention of VIKING Life-Saving Equipment. the security products manufacturer has recently acquired a contract to provide CNOOC Petroleum Europe Limited with personal protective equipment and supply safety services for around 16,000 passengers travelling to and from the company’s platforms within the North Sea on an annual basis. the newest PPE market outlook revolve around workers’ increasing demand for products that not only provide maximum protection but also maintain the optimal level of productivity at the worksite.
Below is that the in-depth analysis of the myriad application-oriented trends that are fueling the expansion scope of private protective equipment industry:
PPE Market trends | Oil & Gas industry
Frontline professionals in oil and gas sector, are the recipients of an enormous number of lethal chemical hazards since an extended time. While drillers and chain hands fall into the banner of protection guidelines systems and are responsible for protective wearables, tool hands and other contractors also require to be legally shielded from workplace hazards. Subject to the present factor, personal protective equipment industry dynamics concerning the oil & gas sector have depicted quite change within the previous couple of years.
PPE Market trends | housing industry
The ever-expanding construction sector is undeniably one among the foremost profitable application verticals of private protective equipment market. PPE industry trends, specifically across the emerging economies of APAC, are experiencing a dynamic change altogether on account of the growing construction sector. Governed by strict norms laid down by OSHA and other organizations, construction companies are now rather fastidious about making their workers wear protective equipment.
PPE Market trends | Pharmaceutical industry
The pharmaceutical industry is one among the foremost dynamically developed businesses that contributes heavily to world economy. Employees working in pharma companies often encounter life-threatening risks as they continuously need to affect harmful chemical substances and medicines . this is often very true just in case of cytotoxic drugs that are highly effective to treat diseases, but are toxic enough to pose a dangerous health risk to health care professionals, pharmacists, nurses, and makers who handle them.
PPE Market trends | Manufacturing industry
The expanse of operations within the manufacturing sector needs no introduction, the industry is one among the foremost critical business arenas requiring heavy deployment of private protective gear. as long as the manufacturing sector involves several primary and auxiliary processes for welding and metal manufacturing, workers are often exposed to an environment where they have to modify from hard hats to face shields and welding helmets to safety goggles as per the work profile.
For that matter, eye safety is claimed to carry crucial importance within the manufacturing sector, especially for welding operations. The expanding industrial eye protection market size, slated to cross USD 2.5 billion by 2024, is evidence enough to demonstrate that the general manufacturing sector has increased its deployment of safety goggles and therefore the like.
PPE Market trends | Healthcare industry
The previous couple of months have witnessed a meteoric rise within the demand for PPE from the healthcare domain. The much dreaded COVID-19, ever since its inception, has majorly disrupted the worldwide medical sector. Given the way the virus spreads, the demand for protective masks, gloves, gowns, and more has witnessed an escalating upsurge not only across healthcare establishments but also from the overall public. Indeed, the need of those PPE has risen to the purpose where the demand is far quite the availability .
In accordance, major companies that aren’t usually involved in PPE production, have taken it upon themselves to deal with the demand supply gap. Numerous firms have converted their regular production lines to manufacture masks and gloves on a really large scale so on assist frontline workers, like medical staff, grocery delivery employees, food delivery persons, and more. With the amount of positive COVID-19 cases rising by the hour, it’s speculated that the PPE industry is about to accomplish a huge percentage of its profits only from the healthcare sector in 2020.