Home > Pressrelease > Industrial Head Protection Market size to exceed $4.9Bn by 2032
Industrial Head Protection Market size to exceed $4.9Bn by 2032
- Published Date: December 16, 2022
Industrial Head Protection Market size is estimated to surpass USD 4.9 billion by 2032, as per a recent research report announced by Global Market Insights Inc.
Increasing implementation of compliance programs pertaining to safety and security at the workplace will offer substantial business prospects for manufacturers of industrial head protection products. Personal protective equipment (PPE) demand has experienced tremendous growth across developing nations such as China and India with rapid industrialization. Developing nations with a high concentration of labor also face a high risk of employee injuries. According to International Labor Organization, more than 1.1 million workers die due to occupational mishaps or work-related diseases in the Asia Pacific, representing a robust need for head protection.
Net-zero carbon targets to propel production of HDPE-based industrial head protection
In terms of revenue, industrial head protection market share from high-density polyethylene (HDPE) material segment is estimated to reach over USD 1.2 billion by the end of 2032. HDPE is used owing to myriad favorable properties including resistance to oil, durability, and breathability. The material is widely used to make safety helmets with notable environmental flexibility. HDPE plastics also offer a variety of benefits to manufacturers with cost-effective production and high-performance attractive finished goods. Additionally, the material is lighter and more eco-friendly as compared to other plastic products.
Rapid industrialization in developed countries to fuel demand for bump caps
Industrial head protection market value from bump caps is expected to record over 5% CAGR over the forecast years 2023-2032. Bump caps will witness significant demand from oil & gas plants, particularly across Europe, and the U.S. This type of head protection is intended to protect workers from accidents involving stationary objects. They are used by truck drivers, exterminators, baggage handlers, contractors, and mechanics. Workers employed in oil & gas plants are at constant risk of getting hit by falling objects. Bump caps have widespread applications across construction, food, and other industrial settings.
Browse key industry insights spread across 313 pages with 233 market data tables and 30 figures & charts from the report “Industrial Head Protection Market Size By Material (ABS, HDPE, Polycarbonate, FRP, Polystyrene, Polypropylene), By Product (Safety Helmets & Hard Hats, Bump Caps), By Application (Construction, Oil & Gas, Mining, Food, Chemicals, Pharmaceutical, Transportation), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/industrial-head-protection-market
Rise in agriculture production to boost head protection applications in the food sector
Industrial head protection industry value from food applications was more than USD 170 million in 2022. Growing global demand for processed food as a result of increasing population and disposable income is accelerating the production output worldwide. Due to growing concerns associated with food insecurity, several countries in APAC region are ramping up agricultural production, which will accelerate the need for PPE for workers.
Increasing focus on occupational safety to drive product demand in Europe
Europe industrial head protection market value reached over USD 760 million in 2022. Increasing focus on the prevention of employee injuries in construction, oil & gas, mining, and manufacturing facilities will proliferate the equipment demand across Europe. For instance, in June 2021, the European Commission revealed a new EU strategic framework on health & safety at work 2021-2027 to strengthen occupational safety. Government efforts to encourage industrial output and ensure worker safety in the post-pandemic era will further expand the deployment of PPE in Europe.
New product launches to boost industrial head protection industry trends
3M Company, Honeywell International, MSA Safety, Dupont, Mallcom, Gateway Safety, UVEX Safety, Radians are some of the leading companies in the global industrial head protection market. These participants are focusing on new product developments and innovation to attain a competitive edge.
For instance, in June 2021, MSA Safety launched the new GALLET F2XR rescue helmet. It is a one-of-a-kind head protection solution for a variety of tasks such as high-altitude rescue, water rescue, wildland firefighting, and technical rescue operations.