Personal,Protective,Equipment, business, insurance Personal Protective Equipment Market To Grow CAGR Of 6.7%, D

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The global personal protective equipment market is expected to reach USD 68.69 billion by 2024, according to a new report by Grand View Research, Inc. Rising awareness towards worker health and safety along with increasing industrial fatalities in rising economies of India, Vietnam, and China owing to lack of protective gear is anticipated to drive the global market over the forecast period.Technological innovation, coupled with shifting consumer preference towards protective equipment which combines fashion with safety is further estimated to drive market expansion. Executive management in industrial firms has been becoming proactive regarding employee health & safety. The stringent regulatory framework in economies such as the U.S. and the UK has been forcing companies to follow strict safety norms to avoid occupational hazards.Browse full research report on Global Personal Protective Equipment (PPE) Market: http://www.grandviewresearch.com/industry-analysis/personal-protective-equipment-marketSafety gloves dominated the global PPE demand accounting for over 23% of total revenue in 2015. According to OSHA, over 40% of the industrial fatalities and accidents are related to hand injuries. An increasing number of hand cuts, arm injuries, and abrasions in the workplace may be attributed to the high demand of this segment.Hand protection products such as durable & disposable gloves find application in industries such as food, pharmaceuticals, manufacturing, construction, and chemicals, to safeguard the risk of hand injuries in the shop floor. Rising instances of hand injuries including severe abrasions, punctures, chemical & thermal burns, and cuts at the workplace are expected to fuel product demand in near future.Read detailed report or request for sample of this research report:  http://www.grandviewresearch.com/industry-analysis/personal-protective-equipment-market/requestFurther key findings from the report suggest:The global personal protective equipment demand was valued at USD 38.38 billion in 2015 and is expected to reach USD 68.69 billion by 2024, growing at a CAGR of 6.7% from 2016 to 2024Respiratory protection market was worth USD 5.10 billion in 2015 and is anticipated to witness notable growth over the next eight years on account of increasing requirement in mining, fire services, and emergency response, military & law enforcement, and healthcare.Chemical defending garments were the leading protective clothing segment in 2015. Stringent regulations coupled with growing chemicals and petrochemicals industries particularly in North America and the Middle East have contributed significantly towards the product commercialization.Manufacturing was the leading end-use segment and accounted for over 20% of total market revenue in 2015. Transportation is expected to witness the highest growth of 7.1% from 2016 to 2024. Increasing automobile production in Asia Pacific is expected to drive this segment.Europe was the major PPE consumer and accounted for 33.8% of global revenue in 2015 owing to stringent safety regulations coupled with significant demand in oil & gas, transportation and service industries. Asia Pacific is expected to witness the highest growth of 7.5% over the forecast period.Key companies operating in the global personal protective equipment industry include Ansell Ltd, 3M Company, Honeywell, Alpha Pro Tech Limited, Avon Rubber PLC, COFRA Srl, Oftenrich Holdings Company Ltd., Uvex Safety Group, and Rock Fall Limited.Browse more reports of this category by Grand View  Research: http://www.grandviewresearch.com/industry/green-building-materialsGrand View Research has segmented the personal protective equipment market on the basis of product, end-use and region:Global Personal Protective Equipment (PPE) Product Outlook (Revenue, USD Million, 2014 - 2024)Head, Eye and Face ProtectionHearing ProtectionProtective ClothingHeat & flame protectionChemical defendingClean room clothingMechanical protective clothingLimited general useOthersRespiratory ProtectionAir-purifying respiratorSupplied air respiratorsProtective FootwearLeatherRubberPVCPolyurethaneOthersFall ProtectionHand ProtectionDisposable gloves      By typeGeneral purposeChemical handlingSterile glovesSurgicalOthersBy materialNatural rubberNitrile glovesNeopreneVinyl glovesOthersDurable glovesMechanical glovesChemical handlingThermal/flame retardantOthersOthersGlobal Personal Protective Equipment (PPE) End-Use Outlook (Revenue, USD Million, 2014 - 2024)ConstructionManufacturingOil & GasChemicalsFoodPharmaceuticalsTransportationMiningOthersGlobal Personal Protective Equipment (PPE) Regional Outlook (Revenue, USD Million, 2014 - 2024)North AmericaU.S.CanadaMexicoEuropeGermanyUKFranceRussiaAsia PacificChinaIndiaJapanSouth KoreaIndonesiaAustraliaCentral & South AmericaBrazilMiddle EastSaudi ArabiaUAEAfrica