|Global Oil and Gas Personal Protective Equipment Market, Forecast to 2023|
|Improving Oil and Gas Industry, Changing Regulations, and Rising Awareness Indicate a Positive Outlook for PPE|
The outlook for the uptake of personal and protective equipment (PPE) in the oil & gas (O&G) industry looks promising with the expansion of O&G activities through new global projects, improved stability and the presence of many occupational hazards. Vendors should focus on developing a global presence, multiproduct offerings, and close customer interactions to harness current growth opportunities. Frost & Sullivan expects the mature O&G PPE market to grow at a compound annual growth rate (CAGR) of 3.7% to reach $7.59 billion by 2023.