Global Plastics In Personal Protective Equipment Market by Product (Polyester, PE), by Application (Respiratory Protection, Hand) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2019, the global plastics market for personal protective equipment was worth USD 3.8 billion. It is projected to grow at a compound annual rate (CAGR), of 17.0% between 2020 and 2027. The market for plastic in personal protective equipment (PPE) is expected to grow over the forecast period due to an increasing demand for plastics. These products are used in many industries such as construction, chemicals and food processing. The global COVID-19 pandemic has led to an increase in demand for PPE products such as gloves, masks and shields, protective gowns, shoes covers, and head covers. This is driving demand for PPE products in head, eye, and face protection, protective clothing and respiratory protection applications.

The segment of respiratory protection is expected to grow at the fastest rate during the forecast period. Market growth will be supported by the rapid growth of emerging markets like Brazil, China and India's construction industry.

The market will also be driven by foreign investment in these countries' construction sector, due to flexible FDI norms as well as the need to redevelop public and industrial infrastructure. Market growth will be driven by the growing demand for pharmaceuticals, chemicals and other products to combat the COVID-19 pandemic.

Product Insights

The market leader in polyethylene (PE), accounted for over 25% of global revenue in 2019. This is due to the excellent properties of PE such as resistance to chemicals like solvents, alcohols and dilute acid. Protective suits, helmets and face shields are all made from polyethylene. Its ability to protect against moisture is driving demand for the material in many applications.

Polyester (PP), is widely used for the production of shoe covers and protective suits. This material is in high demand because of the COVID-19 pandemic. Protective suits are in high demand due to the rise in corona positive cases, and the consequent increase of healthcare facilities around the world. This will fuel the segment's growth over the forecast period.

The fastest-growing product category is expected to be polyester over the forecast period. The increasing demand for polyester is due to the increased production of safety vests and gloves, helmets and masks, knee pads and other products that are used in various industries such as construction, oil and gas and food processing. The segment will see a rise in construction and infrastructure development activities, which is expected to boost its demand for PPE products.

Application Insights

Hand protection applications dominated the market, accounting for more than 29% of global revenue in 2019. The global pandemic has prompted many people to use surgical gloves to protect themselves against the coronavirus. This is a significant factor driving the segment's growth.

Gloves are used in many industries such as construction, electronics, and food processing. These gloves can be made depending on the requirements, including chemical resistance, electrical insulation, water and moisture barrier, etc. Due to the COVID-19 pandemic, there will be an increase in demand for these gloves.

To meet the growing demand for PPE, several automotive companies, including Ford Motor Company, General Motors Company and Tesla, have begun producing face masks. This will help to drive market growth.

Regional Insights

Asia Pacific was the dominant market, accounting for more than 47% of global revenue in 2019. The Asia Pacific healthcare market is expected to grow due to rising COVID-19 positive rates. This will drive demand for PPE products such as protective masks, suits and face shields, gloves, and other personal protective equipment. Due to rising healthcare spending in countries like China, India and Japan, Asia Pacific is expected to be the fastest growing regional market.

A number of personal protective equipment companies, including Mallcom (India), Ltd., SGS SA and Asma Rubber Products Pvt. Ltd., are also present in the region. The industry will expand over the forecast period thanks to the presence of several personal protective equipment manufacturers in the region, such as Mallcom (India) Ltd., SGS SA, and Asma Rubber Products Pvt. The region's construction industry will experience significant growth due to the increasing demand for nonresidential construction projects like hospitals and colleges. This will drive the demand of PPE products such as safety vests and helmets as well as safety belts.

North America is second in terms of revenue. The regional market will experience slow growth due to the COVID-19 pandemic, which has affected cross-border trade between the economies. The market will be driven by the growth in the key end-use industries such as construction, healthcare, and food processing & packing. Market growth will also be supported by the rising demand for PP (and Acrylonitrile Butadiene Sterile) in production of masks and gloves as well as other personal protective equipment products.

Market Share Insights & Key Companies

The market is characterized by the quality of its products and the technology used for product manufacturing. The major players in the market are focusing on R&D and expanding their manufacturing facilities. They also seek opportunities to integrate vertically across the value chain. These initiatives allow them to meet the growing global demand, increase their competitive effectiveness, improve their sales and operations planning, and expand customer base. Due to the large number of global manufacturers, the global market is highly fragmented. The following are some of the major players in the personal protective equipment plastics market:

• BASF SE

• SABIC

• Evonik Industries AG

• Sumitomo Chemical Co., Ltd.

• Arkema

• Celanese Corporation

• Eastman Chemical Company

• Chevron Phillips Chemical Company

• Exxon Mobil Corporation

• Covestro AG

Up Market Research published a new report titled “Plastics In Personal Protective Equipment Market research report which is segmented by Product (Polyester, PE), by Application (Respiratory Protection, Hand), By Players/Companies Evonik Industries AG, Eastman Chemical Company, SABIC, Arkema, Celanese Corporation, Chevron Phillips Chemical Company, BASF SE, Covestro AG, Sumitomo Chemical Co Ltd, Exxon Mobil Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Plastics In Personal Protective Equipment Market Report Segments:

The market is segmented by Product (Polyester, PE), by Application (Respiratory Protection, Hand).

Plastics In Personal Protective Equipment Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Plastics In Personal Protective Equipment Market

Overview of the regional outlook of the Plastics In Personal Protective Equipment Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Plastics In Personal Protective Equipment Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Plastics In Personal Protective Equipment Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Polyester

                2. PE

                1. Respiratory Protection

                2. Hand

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Plastics In Personal Protective Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Plastics In Personal Protective Equipment Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.