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TOPIC: Heavy-Duty Wear ProtectionMarket with Industry Size, Market aspect, and Forecast 2018-2026 Credence Research
According to a new market research report published by Credence Research Heavy-duty Wear Protection Market (By Material: Ceramic, Rubber, Steel, Plastic and Others; By End-use Industry: Automotive and Transportation, Oil and Gas, Power Plant, Metal Industry, Construction and Mining; and Others) - Growth, Future Prospects, and Competitive Landscape, 2017-2025, heavy-duty wear protection market was valued at US$ 1.50 Bn in 2016 and is expected to grow at a CAGR of 4.4 % during the forecast period from 2017 to 2025.
Heavy-duty wear protection is a technique to provide additional protection to heavy-duty equipment used in a variety of industrial applications. Protection from hostile environmental as well as working conditions is one of the prime objectives of heavy-duty protection methods. The wear protection techniques aid in extending the functional life of machines and equipment. Thus, the cost associated with periodic maintenance and the downtime associated with it is significantly reduced. In addition, it aids in reducing the overall cost of maintenance, and re-installation of heavy and expensive machinery. Consequently, a variety of industry verticals have realized the importance of heavy-duty protection equipment and are incorporating it significantly over a past few decades.
Consistent growth in material science and evolution of new techniques for wear protection has led to the higher adoption of these techniques into heavy industry machinery for wear protection. The use of new composite materials has improved the wear protection against conditions such as heat, vibrations, shocks, abrasion and corrosion due to the moist environment. Industries such as automotive and transportation, oil and gas, power plants, metal industries and construction and mining are few of the many industries which have adopted heavy-duty wear protection to extend their equipment life. With consistent growth in the aforementioned industries, the growth in the demand for heavy-duty wear protection is also expected to demonstrate a considerable rise throughout the forecast period from 2017 to 2025.
Competitive Insights:
Heavy duty wear protection market is highly fragmented and comprises several international manufacturers. Manufacturers have been engaged in developing new materials and methods to provide optimum heavy-duty wear protection to the machineries used in hostile conditions. Companies have been focusing on new and emerging markets in the Asia-Pacific, Middle East and Africa (MEA) and Latin America regions. Major players in the market include Metso Corporation, CeramTec GmbH, ThyssenKrupp Industrial Solutions AG, Kalenborn International GmbH & Co. KG, Bradken Limited, Sulzer ltd., Thejo Engineering Limited, FLSmidth & Co. A/S, Sandvik Construction (Sandvik Group) and Caterpillar, Inc.
Key Trends:
High investments in heavy-duty wear protection by companies to prevent damage to the machinery
Improved form of wear protection techniques and advanced composite materials has increased the life of the equipment
Expansion of sales and distribution network in new and emerging markets
Personal protective equipment (PPE) refers to protective clothing, helmets, goggles, or other garments or equipment designed to protect the wearer's body from injury or infection. The hazards addressed by protective equipment include physical, electrical, heat, chemicals, biohazards, and airborne particulate matter. Protective equipment may be worn for job-related occupational safety and health purposes, as well as for sports and other recreational activities. "Protective clothing" is applied to traditional categories of clothing, and "protective gear" applies to items such as pads, guards, shields, or masks, and others.
The purpose of personal protective equipment is to reduce employee exposure to hazards when engineering controls and administrative controls are not feasible or effective to reduce these risks to acceptable levels. PPE is needed when there are hazards present. PPE has the serious limitation that it does not eliminate the hazard at the source and may result in employees being exposed to the hazard if the equipment fails.
Any item of PPE imposes a barrier between the wearer/user and the working environment. This can create additional strains on the wearer; impair their ability to carry out their work and create significant levels of discomfort. Any of these can discourage wearers from using PPE correctly, therefore placing them at risk of injury, ill-health or, under extreme circumstances, death. Good ergonomic design can help to minimise these barriers and can therefore help to ensure safe and healthy working conditions through the correct use of PPE. Source: Wikipedia
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