LONDON, April 30, 2015 /PRNewswire/ -- Strong growth in the developing economies of China, India, Southeast Asia and Eastern Europe is expected to accelerate the demand for steel products. As employment opportunities for skilled technicians and maintenance workers rise and worker compensation costs go up, steel producers' focus on safety will spur the adoption of personal protective equipment (PPE). Consolidation of the steel industry will also fuel the uptake of premium quality PPE as global steel producers look to streamline operations and standardize safety procedures across their facilities.
New analysis from Frost & Sullivan, Personal Protective Equipment in the Global Steel Industry—Outlook and Trends (https://www.frost.com/nf4a), finds that the use of premium reusable respirators and powered air purifying respirators (PAPRs), auto-darkening welding helmets, safety harnesses, portable multi-gas detectors, and heat- and flame-resistant protective gloves and clothing will gather momentum in the next few years.
For complimentary access to more information on this research, please visit: http://corpcom.frost.com/forms/EU_PR_JuliaN_NF4A-39_24April15
"Companies are acknowledging the long-term benefits of protecting employees with high-quality PPE," said Frost & Sullivan Chemicals, Materials and Food Research Analyst Shray Sharma. "In addition to increased comfort, higher worker productivity and regulatory compliance, PPE reduces workplace-related injuries that can otherwise be damaging in terms of liability costs, insurance premiums, lost productivity and negative publicity."
Each occupation in the steel industry has a unique set of requirements, and most PPE manufacturers position their products with a focus on a specific functionality. For instance, protective gloves and clothing are tailored to the type of protection needed, such as chemical-, heat- and flame-, and cut-resistant.
"Manufacturers are expected to continue investing in the research and development of multifunctional products," noted Sharma. "Material technology innovations that further improve end-user comfort too will help PPE manufacturers reinforce their position in the global steel industry."
Personal Protective Equipment in the Global Steel Industry—Outlook and Trends is Strategic Market Insight that is part of the Personal Protective Equipment Growth Partnership Service program. This study assesses current trends and future growth prospects for PPE use in the steel industry. Related studies available under this subscription include: PPE Outlook for Private Labels and their Impact on PPE Markets, Vending Machines for PPE: Evolving Business Model, and PPE in the Oil Refining and Petrochemical Industry in North America and Western Europe.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Personal Protective Equipment in the Global Steel Industry—Outlook and Trends
SOURCE Frost & Sullivan