Frost & Sullivan: Welding PPE Market Forges Ahead through Infrastructural Growth in Developing Nations
- Safety regulations vital to tap the opportunities afforded by the shift in manufacturing to developing countries
MOUNTAIN VIEW, California, Aug. 16, 2012 /PRNewswire/ -- The manufacturing bases in western countries are shrinking as industries shift to East Asian countries due to their lower production costs. While the majority of construction activity in developed countries is characterized by maintenance and refurbishments, growing countries such as India, China and Brazil are experiencing frenzied construction activity. As the construction industry is the second largest end-user of welding personal protective equipment (PPE), after the manufacturing industry, global events such as the 2014 FIFA World Cup and the 2016 Olympic Games in Brazil will cause a surge in PPE sales.
New analysis from Frost & Sullivan (http://www.chemicals.frost.com), Strategic Overview of Global Welding PPE Market, finds that the market earned revenues of $1.3 billion in 2011 and estimates this to reach $1.6 billion in 2016, aided by improving safety regulations and infrastructural growth in developing nations.
If you are interested in more information on this research, please send an email to Jeannette Garcia, Corporate Communications, at jeannette.garcia@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
To leverage the considerable opportunity in developing nations, PPE manufacturers have to spread awareness among end-users in both manufacturing quality, as well as price competitive products.
"It is important to have an efficient distribution network that not only sells PPE, but also educates end-users on health and safety risks at their workplace," said Frost & Sullivan Senior Research Analyst Anamika Chaudhuri. "It enables end-users to make the right decision and helps companies avoid spending large sums of funds in settling litigations."
While employers in North America and Western Europe are conscientious in complying with health and safety regulations, Asian companies have been reluctant to invest in PPE, thereby diluting the impact of the manufacturing shift on PPE sales. However, due to globalization, North American and Western European companies with presence in other regions are attempting to homogenize workplace practices, boosting the welding PPE market in developing countries.
The most important purchase criteria for end-users across the spectrum will be performance and comfort.
"In the welding industry, performance and comfort are vital because welders often have to perform tasks in environments that are confined or highly heated," said Chaudhuri. "Hence, welding PPE manufacturers must invest in research and development to meet market needs. In turn, this could lead to a more enthusiastic adoption of new products and upgrades."
Strategic Overview of Global Welding PPE Market is part of the Chemicals & Materials Growth Partnership Services program, which also includes research in the following markets: North American Hand Protection PPE Market, South African PPE Market, North American Construction PPE Markets, and Western European Construction PPE Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
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Strategic Overview of Global Welding PPE Market
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Contact:
Jeannette Garcia
Corporate Communications – North America
P: +1-210-477-8427
E: jeannette.garcia@frost.com
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