March 22, 2021
According to the business intelligence report titled ‘Global Safety and Protective Equipment Market - Analysis By Product Type, By End User, By Region, By Country: Market Insights and Outlook Post Covid-19 Pandemic (2020-2025)’, available with Market Study Report, global safety and protective equipment market was worth USD 50.05 billion in 2019 and is touted to experience significant expansion during 2020-2025.
As per research analysts, favorable government initiatives and regulations to ensure safety of workers, along with growing awareness regarding the benefits of using safety equipment are augmenting global safety and protective equipment market size.
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Apparently, the unanticipated advent of the Covid-19 pandemic has impelled the adoption of protective equipment. Escalating product demand to curb the rapid spread of the coronavirus is stimulating the market outlook.
Based on product landscape, global safety and protective equipment market sphere is split into hand protection, protective clothing, respiratory protection, and head, eye & face protection among others. Among these, hand protection segment is set to grow significantly during the analysis timeframe, owing to growing cognizance among workers about the importance of hand sanitization and safety.
Proceeding further, the end-user terrain of this vertical is categorized into chemicals, healthcare & pharmaceuticals, oil & gas, and manufacturing & construction industry among others. The report states that manufacturing & construction sector is anticipated to emerge as a lucrative growth avenue for the industry over 2020-2025.
Geographically speaking, Asia-Pacific, Americas, and Europe are the key contributors to global safety and protective equipment market valuation. Among these, the Americas marketplace is slated to amass substantial gains over 2020-2025, on account of stringent government safety standards, and growing cognizance regarding safety of workers.
MSA Safety Inc. (Mine Safety Appliances), 3M Company, Honeywell International Inc., Mallcom (India) Ltd., DuPont de Nemours Inc., Ansell Ltd., Alpha Pro Tech Ltd., Lakeland Industries Inc., Kimberly-Clark Corp., and Gateway Safety Inc. are the leading firms influencing worldwide safety and protective equipment market trends.