Personal Protective Equipment Procurement Intelligence : Personal Protective Equipment Category Is Expected to Grow at CAGR of 6.7% From 2023 to 2030
Personal Protective Equipment Procurement Intelligence In this Personal Protective Equipment (PPE) procurement intelligence report, we have estimated the pricing of the key cost components. Raw materials form the largest cost component of PPE production. Together with equipment, testing, manufacturing process, and labor, they account for 60-70% of the total cost. In PPE clothing, key raw materials may include Polyethylene (PE), polypropylene (PP), polyester (PET), microporous fabrics, or spunbond meltblown spunbond (SMS) etc. PP and PE prices have steadily increased in the U.S. since 2021, due to tight supply, low imports, supply chain disruptions impacting production, and power outages. Prices have increased by more than 40-50% since the end of Q4 2021. Testing also impacts the prices directly as it involves the safety of the workers. The PPE products need to adhere to OSHA and NIOSH guidelines. Few examples of major testing standards include – Association for the Advance...