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Increasing Exploration Activities and Rising Investments by Major Mining Companies are Expected to Drive the Adoption Rates for PPE in Mining during the Forecast Period
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This research service covers the personal protective equipment (PPE) used in the mining industries in the Rest of the World (RoW) countries. Coal and mineral mining operations have been included. Mining for oil and gas has been excluded from the scope of the research. The countries included in RoW for this study are India, Indonesia, Malaysia, Thailand, Vietnam, the Philippines, Japan, Korea, Mongolia, Sri Lanka, and Pakistan. 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. India and Indonesia are the main mining countries and accounts for a majority of the revenues reported in the RoW region. Indonesia is a large producer of tin, coal, copper, gold, nickel, bauxite, and phosphates. India holds the second largest share in mining employment and accounts for an almost 50.0% share of the mining PPE market reported in the RoW. Poor regulatory enforcement and low compliance rates hinder revenue growth in the market.Private investors have been permitted within India to explore and exploit iron ore, copper, manganese, lead, chrome ore, zinc, sulphur, molybdenum, gold, tungsten ore, diamond, nickel, and the platinum group of metals. Increasing private investment in the Indian mining sector is the main market driver, as it is likely to bring about the betterment of the safety culture and the greater penetration of higher quality products. Increasing exploration activities and rising investment in these activities by major mining companies in emerging economies is expected to drive the adoption rates for PPE in mining during the forecast periodLiberalization of mineral policies and availability of cheap labor in RoW countries have been major driving factors for rising investment in mining activities therein.However, the work safety practices in these countries region are not yet developed. This provides lucrative opportunities for mining corporations to implement a robust work safety culture. This is expected to support the demand for mining PPE during the forecast period.Lack of developed infrastructure is expected to emerge as a major hurdle for mining projects in RoW countries. Karam Industries, Udyogi, 3M, Bullard, Mallcom Safety, Honeywell, Draeger, Halma India, Tritech, Subtronics India, Venus Safety, and Bata Industrial are some of the major market participants in the market. 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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