Brazilian Personal Protective Equipment (PPE) Growth Opportunities

Brazilian Personal Protective Equipment (PPE) Growth Opportunities

Future Growth Potential Leveraged by Growth Opportunities in Local Production

RELEASE DATE
25-Feb-2022
REGION
Latin America
Research Code: K704-01-00-00-00
SKU: PP00215-LA-MT_26312
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Description

This research presents an assessment of the current status of and future prospects for the Brazilian personal protective equipment (PPE) market. Frost & Sullivan values the Brazilian PPE market at $1,963.6 million in 2021 and projects it will increase at a compound annual growth rate (CAGR) of 4.7% from 2021 to 2026. Protective clothing, foot protection, and hand protection are the largest product segments, accounting for a combined 79.3% of market revenue.

Demand for PPE will increase in the short term, but the world still faces a supply crisis caused by the COVID-19 pandemic. This issue will likely trigger challenges with products and some raw material offers, but will also spur local production in response to supply shortages.

Gross domestic product (GDP) recovery from the 2015–2016 Brazilian economic crisis has been slow, affecting all industries, especially manufacturing and construction. A new economic crisis resulting from the COVID-19 pandemic has reduced the GDP growth rate to negative 4.1% in 2020, affecting all industries and restraining the PPE market.

PPE-related safety regulations in Brazil are stringent, but compliance is not fully controlled. Due to cultural reasons and a high rate of informal employment, the potential use of PPE among workers is higher than the actual use. PPE certification standards are strict, and every locally manufactured and imported product needs a certificate of approval (CA), provided by the Ministry of Labor and Employment. No foreign CA is accepted, thus imported products must adapt to local standards.

Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the Brazilian PPE Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Key Findings

PPE Market Outlook

What Drives the PPE Market?

Scope of Analysis

Market Segmentation

Percent Revenue by Product Type—PPE Market

Local Production and Imports by Share

Local Production and Imports Percent Revenue by Product Segment

Mergers & Acquisitions in Brazil

Notable M&A Activities

Key Competitors

Key Growth Metrics

Distribution Channels

Brazilian Regulatory Standards

Growth Drivers

Growth Restraints

Forecast Assumptions

Revenue Forecast—PPE Market

Revenue Forecast by Product—PPE Market

Revenue Forecast Analysis—PPE Market

Competitive Environment

Distribution Structure—PPE Market

Brazil: An Overview

Brazil: An Overview (continued)

Brazil: An Overview (continued)

Brazil: An Overview (continued)

Unemployment Rate

Industrial Sector Employment Breakdown

Employment by Industry Vertical

Top Industrial End-user Markets for PPE

PPE Requirement and Usage by End-use Industry

Work-related Accidents in Brazil

Percent Revenue Forecast by Product Type

Above the Neck Protection

Respiratory Protection

Hand Protection

Protective Clothing

Foot Protection

Fall Protection

Gas Detection

Growth Opportunity 1: Increase in Prices of Imported Products and Obstacles in International Trade Boost Local Production

Growth Opportunity 1: Increase in Prices of Imported Products and Obstacles in International Trade Boost Local Production (continued)

Growth Opportunity 2: Market Penetration through Mergers and Acquisitions

Growth Opportunity 2: Market Penetration through Mergers and Acquisitions (continued)

Growth Opportunity 3: PPE-related Training as a Service

Growth Opportunity 3: PPE-related Training as a Service (continued)

List of Market Participants by Product Segment

List of Market Participants by Product Segment (continued)

List of Market Participants by Product Segment (continued)

List of Market Participants by Product Segment (continued)

List of Market Participants by Product Segment (continued)

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

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Related Research
This research presents an assessment of the current status of and future prospects for the Brazilian personal protective equipment (PPE) market. Frost & Sullivan values the Brazilian PPE market at $1,963.6 million in 2021 and projects it will increase at a compound annual growth rate (CAGR) of 4.7% from 2021 to 2026. Protective clothing, foot protection, and hand protection are the largest product segments, accounting for a combined 79.3% of market revenue. Demand for PPE will increase in the short term, but the world still faces a supply crisis caused by the COVID-19 pandemic. This issue will likely trigger challenges with products and some raw material offers, but will also spur local production in response to supply shortages. Gross domestic product (GDP) recovery from the 2015–2016 Brazilian economic crisis has been slow, affecting all industries, especially manufacturing and construction. A new economic crisis resulting from the COVID-19 pandemic has reduced the GDP growth rate to negative 4.1% in 2020, affecting all industries and restraining the PPE market. PPE-related safety regulations in Brazil are stringent, but compliance is not fully controlled. Due to cultural reasons and a high rate of informal employment, the potential use of PPE among workers is higher than the actual use. PPE certification standards are strict, and every locally manufactured and imported product needs a certificate of approval (CA), provided by the Ministry of Labor and Employment. No foreign CA is accepted, thus imported products must adapt to local standards.
More Information
No Index No
Podcast No
Author Nils Schaefer
Industries Personal Protective Equipment
WIP Number K704-01-00-00-00
Is Prebook No
GPS Codes 9100-A2,9991-A2,9310,9595