Personal Protective Equipment Market in The GCC Earned Revenues of USD 320.8 Million

It is reported that the personal protective equipment market in the GCC earned revenues of USD 320.8 million in 2011 and this is estimated this to reach USD 452.4 million in 2017.

The Strategic Analysis of the GCC Personal Protective Equipment Market released by Frost & Sullivan, a leading growth partnership company said that the resumption of infrastructure development in various sectors such as transportation, housing, oil and gas, and utilities has widened the labor pool and thereby, raised the demand for personal protective equipment in the GCC.

Frost & Sullivan Chemicals and Materials Research Analyst said that “The construction and infrastructure industries in the GCC are strongly driven by the USD 120 billion to USD 130 billion in awarded contracts, across various sectors.”

Analyst said that “Further, the infrastructure planning towards the upcoming 2020 Fifa World Cup in Qatar is expected to boost the PPE Market at par with the construction industry, provided all regulatory and safety compliances are met.”

The GCC governments are encouraging investments in the non oil and gas-based industries in their attempt to achieve economic diversification.

According to the report, this has led to further investments in infrastructure and thereby, a bigger market for PPE. However, despite the market’s potential, PPE companies find it difficult to penetrate the low end segments due to end users’ inadequate awareness and compliance with safety product standards.

According to Frost & Sullivan, there is high price sensitivity, especially among smaller contractors in the construction industry, who ignore safety standards when it comes to products such as gloves and goggles.

Frost & Sullivan Analyst further added that “It is imperative for the government and private participants to enforce safety standards and build awareness. Many multinationals have already launched awareness campaigns and stand to gain from the resultant good will.”