Bizizz Market Research has recently published a research report, “Respirators Market by Product Type (Air Purifier Respirator (Powered Respirators (Helmets, Hoods & Visors, Full Face Mask, and Half Mask)) and (Unpowered Respirators (Full Face Mask, Half Mask, and Disposable Filtered Mask)) and Supplied Air Respirator) by End-Use Industry (Mining, Oil & Gas, Healthcare, Fire Services, Construction, Petrochemical/Chemical, Pharmaceutical, Industrial, and Others) and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Respirators Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 12.18 Bn by 2027, witnessing a CAGR of 7.8 % during the forecast period. Key drivers of the market are rising occurrences of mesothelioma, outbreak of coronavirus, and increasing ratio of infectious diseases.
Rising demand for respirators coupled with increasing cases of covid-19 has influenced the manufacturers to develop respirators with healthcare settings. Moreover, the product has application in multiple sectors as it offers safety against the toxic substances present in surroundings.
The Respirators Market Is Anticipated To Register A CAGR Of Over 7.8 % During The Forecast Period.
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Based on Product Type, the Supplied Air Respirators Segment is Anticipated to Dominate the Global Market By Holding a Prominent Share Throughout The Forecast Period
The supplied air respirators offer several benefits over other types such as high-level of protection and positive pressure to the mask. Moreover, the lesser weight and bulkiness of these products make it suitable to wear for a longer time. This is anticipated to increase its preference over other respirators.
Asia PacificIs Anticipated To Hold Prominent Share During the Forecast Period
In terms of region, Asia Pacific is anticipated to lead the global market over the forecast period. The region occupied 34.3 % share in 2018. Rising industrial sector in Asian countries including India and Japan is anticipated to favor the regional growth. Moreover, significant uptake in construction industry is expected to positively influence the growth of respirators market in Asia Pacific.
The global market is consolidated with few global players. Companies are focused on research and development activities to develop more advanced and effective respirators intended to increase their customer base which will eventually affect their market share in a positive manner. Also, the manufacturers are engaged in strategic alliances in order to strengthen their foothold in global market.
Prominent players operating in the Global Respirators Market are: Jayco Safety Products, Honeywell International, Gentex, 3M, Dragerwerk, Kimberly-Clark, Bullard, Avon Protection Systems, Alpha Pro Tech, and MSA Safety, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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