The world market for personal protective equipment (PPE) will grow to $33.3 billion by 2015, according to a report by Global Industry Analysts, Inc. That means companies will spend $33.3 billion dollars providing their workers with protective clothing, gloves, footwear, eye and face protection, respiratory protection and hearing protection. Gloves are the most common form of PPE.
That’s a lot of money, but after the softness of the economy the last few years, it is good to hear about growth. The underlying indicators point to car manufacturing, steel, chemical and construction industries as rebounding and will push the demand for PPE products.