Global Personal Protective Equipment (PPE) Market Insights, Forecast to 2026

Summary
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt and will significantly affect the PPE Product market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
This report also analyses the impact of Coronavirus COVID-19 on the PPE Product industry.
PPE Product is clothing and equipment designed to protect the wearer from injury or spread of infection. PPE Products includes head, eye and face protection, hearing protection, protective clothing, respiratory protection, professional footwear, fall protection, hand protection and others. Apart from this, personal protective equipment also finds application across various industries including construction, manufacturing, oil and gas, chemicals, food, pharmaceuticals, transportation and others. The others segment include government usage, unorganized sector, small-scale manufacturing utilities and service stations among others.
Based on our recent survey, we have several different scenarios about the PPE Product YoY growth rate for 2020. The probable scenario is expected to grow by a 12% in 2020 and the revenue will be US$ 51.3 billion in 2020 from US$ 45.76 billion in 2019. The market size of PPE Product will reach US$ xx in 2026, with a CAGR of xx% from 2020 to 2026.
Figure 1. Global PPE Product Market Size (Value), (US$ Million), 2015 VS 2020 VS 2026


Source: Secondary Sources, Expert Interviews and QYResearch, 2020
Figure 2. Global PPE Product Revenue 2015-2026 (US$ Billion)


Source: Secondary Sources, Expert Interviews and QYResearch, 2020
Based on our recent survey, we have several different scenarios about the PPE Product YoY growth rate for 2020. The probable scenario is expected to grow by a 54% in 2020 and the revenue will be US$ 4.8 billion in 2020 from US$ 3.13 billion in 2019.
The greatest concentration of mask production is in the PRC, reportedly accounting for about half the global production capacity. Some sources indicate it could be even as much as 80%- 90%. In 2020, due to the outbreak of COVID-19, the demand for protective equipment has surged, the supply is in short supply, and the shortage of upstream raw materials has caused the price of medical protective equipment to rise. This is the main factor driving the growth of China's PPE product revenue in 2020.
Figure 3. China PPE Product Revenue

Source: Secondary Sources, Expert Interviews and QYResearch, 2020
Global PPE products can be divided into Hand Protection, Protective Clothing, Protective Footwear, Respiratory Protection, Head, Eye and Face Protection, Fall Protection, Hearing Protection and other types according to the protection position. According to the data, Hand Protection is the largest type in the global PPE product market , Accounting for approximately 24.5% of the global market share, Hearing Protection as the smallest type in the global PPE product market accounted for only 3.6%.
Figure 4. Global PPE Product Market Share by Type in 2019


Source: Secondary Sources, Expert Interviews and QYResearch, 2020
The market concentration of global PPE products is not high, and the top 10 manufacturers account for no more than 25% of the market. Among them, Honeywell, 3M and DuPont are the leading companies, accounting for 5%, 4% and 3% of the global market share.
Figure 5. Global PPE Product Market Share by Vendor


Source: Secondary Sources, Expert Interviews and QYResearch, 2020
According to the data, Honeywell, 3M, Dupont, and Drager, as the leading enterprises of PPE products in the world, have rich product types, but the industry is more scattered. In 2017, the revenues in the PPE product field were US $ 2.08 billion, US $ 1.77 billion, US $ 1.37 billion, and US $ 1.27 billion, while Msa Safety ’s revenue was less than US $ 1 billion.
Table 1. Global Top5 PPE Product &Revenue by Vendor in 2017


Source: Secondary Sources, Expert Interviews and QYResearch, 2020
The downstream applications of global PPE products are extensive, including Manufacturing, Construction, Oil & Gas, Transportation, Chemicals, Food and Medical. However, it is mainly concentrated in large industries, including Manufacturing, Construction, and Oil & Gas. According to data, PPE products are most widely used in manufacturing in 2019, accounting for about 31.9%, followed by construction accounting for 13.6%, and Medical accounting for only 6%.
Figure 6. Global PPE Product Market Share by Application

Source: Secondary Sources, Expert Interviews and QYResearch, 2020
Since the COVID-19outbreak, the supply chain for personal protective equipment (PPE) in health sector has not adequately functioned to meet the surge in demand. Constraints in supply and logistics, including export bans for PPE and key materials, have come into stark focus.
PPE Product in health sector is clothing and equipment designed to protect the wearer from injury or spread of infection. Key PPE items—including N95 masks, surgical masks, gowns, and goggles—are essential for healthcare workers.
The global market for PPE in the health sector was estimated to be worth $2.5 billion in 2018. Gloves have the highest share of sales revenues at 25%, followed by suits or coveralls at 22%. Face masks and hats came in third with a share of 14%
Figure 7. Global PPE Product Market Share in Health Sector by Type


Source: Secondary Sources, Expert Interviews and QYResearch, 2020
The trade network maps show high geographic and regional concentration in the PPE supply chain. Three regional clusters emerge: Asia, Europe, and the US. While the PRC, Germany, and the US are the main producers, the PRC appears to play a central role in producing and exporting many PPE products to Asia and the rest of the world. In particular, the PRC emerges as the world’s largest exporter in commodity groups that include masks, gowns, protective suits, and goggles. Malaysia is the top exporter of surgical gloves in the world, followed by Thailand and the PRC. Within Europe, major PPE suppliers are Belgium, France, Germany, Italy, the Netherlands, and Poland. Other European countries import from these countries and from the PRC. Although the US is the largest buyer of PPE produced in the PRC (and of gloves from Malaysia), it is still the major producer and at the core of the regional supply value chain for many PPE products in North and South America.
Figure 8. Global Trade Networks of Select PPE Products in Health Sector,2019


Source: Secondary Sources, Expert Interviews and QYResearch, 2020
By region, the US had the largest market share (33%), followed by Asia and the Pacific (28%), and Europe (22%) in 2018 (Mordor Intelligence 2020).
Figure 9. Global PPE Product Market Share in Health Sector by Region


Source: Secondary Sources, Expert Interviews and QYResearch, 2020
Analysis of the root cause of major bottlenecks in the supply chain
Raw materials. A surge in demand for N95 masks has led to a shortage of the key component, nonwoven polypropylene. In the PRC, the shortage of melt-blown fabric is a serious bottleneck in downstream processes for making high-level N95 masks.
Machines. There is a bottleneck of melt-blown production lines and building the production line also takes time. For example, it takes about half a year at least to assemble a single machine production line to make melt-blown fabric.
Export bans. The global shortage of face masks has also been worsened by export bans of masks and key materials in various economies, including Bangladesh; Canada; Czech Republic; Egypt; France; Germany; India; Indonesia; Iran; Japan; Jordan; Kazakhstan; Kenya; Malaysia; Pakistan; Poland; the PRC; the Russian Federation; the Republic of Korea; Taipei,China; Thailand; and Ukraine. As of 18 March 2020, export bans were in place in 22 economies.
Transport and shipping constraints caused by roadblocks and quarantine measures, and lower availability of transportation and freight containers, hoarding, profiteering, and limited workforce capacity due to illness, also contribute to the shortage.
Figure 10. PPE Product Industry Chain Flow Chart


Source: Secondary Sources, Expert Interviews and QYResearch, 2020
Past lessons and future policies
l Monitoring PPE use and distribution and centralizing visibility of orders placed.
l Improving just-in-time supply system and sharing responsibility. Stockpiles (international, national, and local) should be designed to address demands of an acute outbreak.
l Improving domestic manufacturing surge capacity at the time of an event. Government health systems must be tested before epidemics or pandemics happen.
l Sharing information and communicating regularly. An efficient, low-burden mechanism for governments and private sector partners to share situational and supply information needs to be developed.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Personal Protective Equipment (PPE) market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Personal Protective Equipment (PPE) market in terms of both revenue and volume.
Players, stakeholders, and other participants in the global Personal Protective Equipment (PPE) market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on sales (volume), revenue and forecast by each application segment in terms of sales and revenue and forecast by each type segment in terms of revenue for the period 2015-2026.
Production and Pricing Analyses
Readers are provided with deeper production analysis, import and export analysis, and pricing analysis for the global Personal Protective Equipment (PPE) market. As part of production analysis, the report offers accurate statistics and figures for production capacity, production volume by region, and global production and production by each type segment for the period 2015-2026.
In the pricing analysis section of the report, readers are provided with validated statistics and figures for price by manufacturer and price by region for the period 2015-2020 and price by each type segment for the period 2015-2026. The import and export analysis for the global Personal Protective Equipment (PPE) market has been provided based on region.
Regional and Country-level Analysis
The report offers an exhaustive geographical analysis of the global Personal Protective Equipment (PPE) market, covering important regions, viz, North America, Europe, China and Australia. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of volume for the period 2015-2026.
Competition Analysis
In the competitive analysis section of the report, leading as well as prominent players of the global Personal Protective Equipment (PPE) market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on sales by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Personal Protective Equipment (PPE) market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Personal Protective Equipment (PPE) market.
The following manufacturers are covered in this report:
Honeywell
3M
DuPont
Dräger
Msa Safety
Ansell
Kimberly-Clark
Delta Plus
Protective Industrial Products
Moldex-Metric
Avon Rubber
COFRA
JAL Group
Cordova Safety Products
Lakeland Industries
Lindström
Bullard
Oftenrich Group
Woshine Group
Shanghai Gangkai
Personal Protective Equipment (PPE) Breakdown Data by Type
Hand Protection
Protective Clothing
Protective Footwear
Respiratory Protection
Head, Eye and Face Protection
Fall Protection
Hearing Protection
Others
Personal Protective Equipment (PPE) Breakdown Data by Application
Manufacturing
Construction
Oil and Gas
Transportation
Chemicals
Food
Pharmaceuticals
Others


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