The rapid industrial development in Turkey has given rise to the personal protective equipment market in this nation. The Turkish government has mandated several regulations pertaining to occupational safety for workers, prompting people to use personal protective equipment across the country. According to a market study published by Transparency Market Research (TMR), a market research and intelligence firm, the personal protective equipment market in Turkey stood at US$784.6 million in 2013.
Analysts at TMR have identified that the demand for personal protective equipment from various end users, such as the oil and gas, construction, petrochemicals, and manufacturing industries is showing extensive increase. Owing to this, the market for personal protective equipment in Turkey is likely to expand at a CAGR of 7.2% during the period from 2014 to 2020 and reach a market value of US$1,285.4 million by the end of 2020.
Browse Market Research Report of Personal Protective Equipment Market: http://www.transparencymarketresearch.com/turkey-personal-protective-equipment-market.html
Personal protective equipment is mostly used for the protection of the face and eyes, ears, head, arms and legs, and other body parts, of which the markets for the protective equipment for eyes, head, and arms/legs dominate the overall personal protective equipment market in Turkey. By 2020, the market for head protection equipment alone is expected to reach a value of US$160.2 million, whereas the market for hand protection equipment is projected to report the fastest growth at a CAGR of 8% during the period from 2014 to 2020.
Apart from this, the markets for protective clothing, protective footwear, respiratory protection equipment, and fall protection equipment are also reporting significant development. The protective footwear market emerged as the biggest Turkish personal protective equipment market in 2013, accounting for US$282.6 million. By 2020, the market is likely to attain a value of US$443.5 million, as per the TMR report.
Browse Market Research Press Release of Personal Protective Equipment Market: http://www.transparencymarketresearch.com/pressrelease/turkey-personal-protective-equipment-market.htm
The rising application of personal protective equipment in the production sector is the latest trend in this market. Other important trends in the personal protective equipment market in Turkey are:
- Rapid increase in the usage of personal protective equipment in the petrochemical industry. Analysts expect this industry to be the fastest growing end user of personal protective equipment in the coming years.
- Protective equipment for face and eyes reporting the highest demand among all equipment types. This market segment is holding the largest share of the overall personal protective equipment market in terms of volume produced as well as consumed. The market for hand protection equipment is registering the fastest growth in the market.
- Industrial development in Istanbul fueling demand for personal protective equipment. Istanbul, being the largest city in Turkey, boasts the highest workforce employed in the nation. Due to this, the region requires the highest volume of personal protective equipment, topping the list of the regional markets in Turkey. Apart from this, Izmir, Ankara, Adana, Mersin, and Antalya are some other major Turkish cities reporting significant demand for personal protective equipment.
3M Co., Avon Rubber, Ansell Ltd., JAL Group, Oftenrich Holdings Co., COFRA Holdings, Honeywell Safety Products, Elten, and Rahman Industries are the major companies operating in the Turkish personal protective equipment market.