Trusted Business Insights presents the Latest Study on Southeast Asia Personal Protective Equipment (PPE) Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
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Abstract, Snapshot, Market Analysis & Market Definition: Southeast Asia Personal Protective Equipment (PPE) Market
The Southeast Asia personal protective equipment market size was estimated at USD 1.14 billion in 2017 and expected to register a CAGR of 8.0% over the forecast period. Increasing product demand due to rising concerns regarding employee safety is expected to emerge as the major factor driving the market. Health and safety standards enforced by various governments and agencies including the Occupational Safety & Health Administration (OSHA) are also projected to boost the product demand.
However, rise in the prices of the advanced fibers like aramid for the production of such equipment may hinder market growth over the next few years. In addition, the market growth is expected to be restrained by the cost-intensive production processes, which results in a rise in the cost of final product. Raw materials required for the production of PPE are used extensively across various industries, thereby creating a competition in their procurement.
However, growth in the production levels of raw materials coupled with incorporation of additional materials in the PPE manufacturing is expected to spur the industry development. Various government agencies in Southeast Asian countries, such as Malaysia and Thailand, have set stringent regulatory norms across industries, primarily in the manufacturing sector, to ensure workers safety. Thus, such safety standards are also likely to drive the market. Moreover, incorporation of advanced monitoring equipment in PPE has emerged as the major trend impelling the industry growth.
Growing expenditure on PPE by the many small- and medium-sized companies to meet the safety regulations is also among of the major factors responsible for the growth of this market. In addition, increased adoption of such products by various end-use sectors to project an employee-friendly approach will also contribute to the market expansion over the years to come.
Market Segmentation, Outlook & Viewpoint: Southeast Asia Personal Protective Equipment (PPE) Market
Product Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
Head, Eye & Face Protection
Flame Retardant Apparel
Chemical Defending Apparel
Mechanical Protective Clothing
Air Purifying Respirator
Supplied Air Respirator
High Ankle Shoes
Clean Room / Sterile
Surgical and Examination
Cut resistant gloves
Multi task gloves
Oil repellant gloves
End-use Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
Oil & Gas
Chemical / Petrochemical
Food & Beverage
Healthcare / Pharmaceuticals
Key Players, Recent Developments & Regional Insights: Southeast Asia Personal Protective Equipment (PPE) Market
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Hand protection was the major product segment in 2017 and accounted for 24.7% of the overall revenue share. Growing demand for the product in chemical production, industrial manufacturing, and building and construction industries is expected to drive the segment over the next few years. The protective clothing product segment also witnessed considerable growth in 2017 on account of developing construction, manufacturing, and food industries in the region. Stringent government regulations coupled with rising demand for high-performance multifunctional protective clothing is expected to fuel the segment development.
Head, eye, & face protection segment is expected to register a CAGR of 8.4% over the forecast period on account of rising demand for the products in chemicals, construction, and oil & gas industriesfor protection against chemicals and radiological irritants. Respiratory protection equipment offer protection against harmful dust, smoke, fog, mists, vapors, gasses, and sprays. Stringent regulations regarding the prerequisite protection against the aforementioned hazards is likely to promote the segment growth over the forecast period.
Manufacturing is expected to be the fastest-growing application segment registering a CAGR of 8.9% from 2018 to 2025. Growing manufacturing base in Malaysia, Vietnam, and Indonesia is anticipated to augment product demand over the forecast period. The construction industry emerged as the second largest application segment in 2017 and is anticipated to expand further on account of rapid industrialization in developing economies.
The oil & gas industry is also likely to witness a significant growth over the years to come. Rising prevalence of workplace accidents in the industry has compelled manufacturers to use PPE, which, in turn, will help boost the industry expansion. Oil & gas industry requires PPE for upstream and mid-stream activities where employees have to be protected against multiple chemicals and toxic vapors. Other significant segments includes general engineering, fire services, healthcare, and pulp & paper.
Growing urbanization in emerging markets, such as Indonesia and Philippines, has resulted into increased investments in infrastructural developments, thereby supporting market expansion. Rise of the application industries in the region supported by the governmental efforts towards economic development is also expected to benefit the regional industry. Vietnam is estimated to witness the fastest growth over the forecast period on account of rapid industrialization coupled with shifting base of several manufacturing firms from China to Vietnam due to favorable financial incentives from the government.
Growing investments in the manufacturing industry including machinery, semiconductor, aeronautical, and textile is also expected to drive the market in Malaysia. Moreover, stringent safety norms like The Occupational Safety and Health Act 1994 of Malaysia coupled with heavy penalties on non-compliance is expected to drive the market in this region. The industry in Malaysia is expected to register notable gains on account of increased investments in infrastructure development. In addition, improving economic growth of the country is expected to result in the rise in the manufacturing industry, thereby augmenting product demand.
Southeast Asia PPE Market Share Insights
Technological innovation and product improvements are the major strategies implemented by the companies in the market. Key international companies focus more on increasing the exports to the Southeast Asian economies to improve their presence across the region. In addition, increasing number of local manufacturers is expected to support the regional market growth. Some of the key industry participants include The 3M Company; Honeywell International, Inc.; Uvex Safety; Ansell Healthcare; Scott Safety; E. I. du Pont de Nemours and Company; Top Glove Corporation Berhad; Alpha Pro; ATG Lanka (Pvt.) Ltd.; Mallcom; and Kimberly-Clark Corp.
Key Insights Covered: Southeast Asia Personal Protective Equipment (PPE) Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Southeast Asia Personal Protective Equipment (PPE) industry.
2. major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Southeast Asia Personal Protective Equipment (PPE) industry.
3. major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Southeast Asia Personal Protective Equipment (PPE) industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Southeast Asia Personal Protective Equipment (PPE) industry.
5. market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Southeast Asia Personal Protective Equipment (PPE) industry.
Research Methodology: Southeast Asia Personal Protective Equipment (PPE) Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
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