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NA has an Established Work Safety Regulatory Structure which has Supported the Growth of the Mining PPE Market in the Region
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This research service covers the personal protective equipment (PPE) used in the North American mining industry. Coal and mineral mining operations have been included. Mining for oil and gas has been excluded from the scope of the research. The PPE market is covered in a total of 7 product segments—above-the-neck protection, respiratory protection, protective gloves, workwear, protective footwear, fall protection, and gas detection. Coal, copper, gold, uranium, and silver are important mining resources in the United States. Increasing concerns over mercury emissions have caused the closing of coal-fired power plants in the United States and have resulted in the idling of coal mines, in turn, resulting in employee layoffs.Moreover, shale gas evolution has resulted in the availability of a cheaper source of alternative energy, thereby causing a decline in local demand for coal in the United States. Mining has been the backbone of the Canadian economy, accounting for a fairly large share of the country’s GDP. Coal and gold are the most significant resources of the country. North America has a well-established work safety regulatory structure which has had a positive impact on the safety culture across various end-use industries, including mining. Safety agencies such as Mine Safety and Health Administration (MSHA) and National Institute for Occupational Safety and Health (NIOSH) have been instrumental in implementing guidelines and regulations to prevent death, illness, and injury to the workforce in the mining industry. This has helped in reducing the number of mining accidents and has also resulted in higher compliance rates for PPE in the mining industry. The region has witnessed an uptick in mining exploration activities. As per the data released by Natural Resource Canada, exploration spending in 2017 was 23% higher than that in 2016, whereas, in the United States, the mineral exploration budget witnessed a rise of 19% in 2017 in comparison to 2016. Precious metals have been the major focus of exploration activities in the region followed by base metals, uranium, and non-metals. This is expected to support the revenue growth for PPE in mining in upcoming years.The process for attaining mining permits in the region is complex, time-consuming, and expensive which may result in delays in project initiation as well as completion thus making it cost-intensive. This might further affect mining employment and demand for PPE. Key Questions this Study will Answer• Is the market growing, how long will it continue to grow, and at what rate?• Are the existing competitors structured correctly to meet customer needs?• How do the dynamics of the industry and regional diversities affect the PPE market?• How will the structure of the market change with time?• Are the products/services offered today meeting customer needs, or is additional development needed?
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