The global respiratory protective equipment market size is expected to reach USD 24.69 billion by 2030, registering a CAGR of 6.6% over the forecast period, according to a new report by Grand View Research, Inc. Stringent government regulations and the emergence of the COVID-19 pandemic leading to awareness among consumers is expected to boost the product demand over the forecast period. The emergence of new biological viruses, such as COVID-19, Middle East Respiratory Syndrome (MERS), and Severe Acute Respiratory Syndrome (SARS), along with a shift in a trend toward proactive measures in the healthcare sector is expected to propel the product demand over the forecast period.
Respiratory Protective Equipment (RPE) Market Report Highlights
- The APRs segment is anticipated to grow at the fastest CAGR from 2022 to 2030, in terms of revenue, on account of stringent government regulations, especially in developing countries in Asia Pacific
- The healthcare end-use segment accounted for the largest revenue share in 2021 owing to the pandemic leading to a rise in demand for disposable filtering masks, such as N95 masks and surgical masks
- The market in Asia Pacific is projected to grow at the fastest CAGR over the forecast period on account of the growing usage of respiratory protection in construction, mining, and oil & gas industries
- Germany accounted for 22% of the Europe market revenue in 2021 on account of the growth of the construction industry due to the government’s push for developing green infrastructure, which boosted the product demand
- The industry participants focus on the research and development of new technologies for product manufacturing and integration across various stages of the value chain to gain a competitive edge in the market
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The rising awareness, in the post-pandemic scenario, about infectious biological hazards is likely to influence market growth. Moreover, the use of respiratory protection, such as Powered Air-purifying Respirator (PAPR) and Self-Contained Breathing Apparatus (SCBA), is expected to increase as end-user activities begin to normalize. Increasing concern regarding compensation costs on account of the rising number of injury cases in various industries, such as manufacturing, transportation, and chemicals, is anticipated to promote the adoption of workplace safety regulations. In addition, growing concerns regarding high-risk activities in the construction and manufacturing sectors are expected to drive RPE demand over the forecast period.
Respiratory Protective Equipment Market Share By Region
North America led the global market and accounted for more than 33.5% of the worldwide revenue in 2021. The increasing use of RPE in oil & gas drilling activities, electric power utility, and combustible dust industries has contributed to product penetration in the region over the past few years. The market in Asia Pacific is estimated to witness the fastest CAGR over the forecast period. The rising investments in the construction, manufacturing, and food & beverage sectors are anticipated to drive the product demand in the region.
Industry Share Analysis By Major Companies
A majority of the market players are focusing on manufacturing APRs, such as disposable masks and N95 respirators, owing to their low costs and widescale application in the industrial sector. In addition, companies are partnering with raw material suppliers, automotive OEMs, etc. to manufacture APRs given their increasing demand across the globe. Major market players like 3M and Honeywell International Inc. are expected to further strengthen their forward and backward integration with more players following suit. This is likely to provide a competitive advantage and consolidate market shares, especially in the unpowered air-purifying respirator market segment. The COVID-19 pandemic has created major growth opportunities in the disposable filtering half-masks market, due to which key players are focusing on the healthcare segment. Increasing market competition due to the pandemic has resulted in price wars and hoarding of raw materials & products, which is likely to affect the industry trade in the short term. Some prominent players in the global respiratory protective equipment market include:
- 3M
- Alpha Pro Tech Ltd.
- Ansell Ltd.
- Honeywell International Inc.
- Avon Rubber p.l.c.
- MSA Safety Inc.
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Respiratory Protective Equipment Market Segmentation
Grand View Research has segmented the global respiratory protective equipment market on the basis of product, end-use, and region:
- Respiratory Protective Equipment Product Outlook (Revenue, USD Million, 2017 – 2030)
- Respiratory Protective Equipment End-use Outlook (Revenue, USD Million, 2017 – 2030)
- Respiratory Protective Equipment Regional Outlook (Revenue, USD Million, 2017 – 2030)
- List of Key Players of Respiratory Protective Equipment Market
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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