Frost & Sullivan: Recovery of the Construction Sector Spells Growth for the Fall Protection Market in Brazil and Colombia

Frost & Sullivan: Recovery of theFrost & Sullivan: Recovery of the Construction Sector Spells Growth for the Fall Protection Market in Brazil and Colombia PR Newswire SAO PAULO, Oct. 7, 2013 - Hard goods and services expected to be the most lucrative segments With the construction sector bouncing back, the fall protection market in Brazil and Colombia is moving northwards again. The hard goods and services segments are proving particularly popular. New analysis from Frost & Sullivan (http://www.chemicals.frost.com), Analysis of the Brazilian and Colombian Fall Protection Market, finds that the market earned revenues of $115.4 million in 2012 and estimates this to reach $145.1 million in 2017. The research covers the product segments of soft goods, hard goods, installed systems, access systems, and rescue equipment. Some of the main end-user segments availing of both fall protection products and services include utilities, mining, oil and gas and manufacturing. "The market for fall protection equipment relies heavily on regulations for its growth, and compliance is expected to improve in both Brazil and Colombia with the introduction of stricter legislations," said Frost & Sullivan Chemicals, Materials & Food Research Analyst Gustavo Ferrari. Companies and workers alike are adapting to safety standards set by regulations such as NR-35, which mandate specific measures to minimize the risk of working at heights.