How Much Revenue N95 Mask Market Will Generate Globally Till 2030? |Grand View Research, Inc.Posted by Mrudula Karmarkar on July 18th, 2022 The global N95 mask market size is anticipated to reach USD 5.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.2% from 2022 to 2030. The market is primarily driven by the ongoing COVID-19 pandemic, increased regulatory mandates to wear masks in public settings, and the rising awareness regarding respiratory protection at the workplace. With the COVID-19 pandemic's emergence, N95 masks have mostly been employed in the healthcare industry by healthcare workers to protect both the patient and the healthcare personnel from biological agents’ exposure. The product demand is high in the healthcare sector since it offers good fluid resistance, breathability, and high filtration efficiency. Surgical N95 respirators that are class II devices are regulated by CDC under 42 CFR Part 84 and FDA under 21 CFR 878.4040 in the U.S. Whereas in the European Union, FFP2 masks, which are equivalent to these products, are regulated under the European Standard EN149:2001 for filtering half masks to protect against particles. Growing demand for efficient respiratory protection equipment to guard against pollutants and harmful particulate matter in various industries such as construction, oil and gas, mining, and manufacturing will drive market growth. Furthermore, stringent occupational safety laws, particularly in developed economies are expected to boost demand. N95 masks are extensively used in the construction sector to offer respirator protection from small particles and dust that cause allergies and respiratory diseases. The global construction industry is witnessing strong recovery owing to fiscal stimulus rolled out by governments that have increased infrastructure construction activities, thereby creating an upswing for the N95 masks. The pandemic provided an opportunity for companies to receive steady revenues from direct government procurement of masks aimed at fighting COVID-19. Furthermore, governments are adopting cost-effective methods such as strategic stock development, upstream agreements with industries for rapid conversion of assembly lines during crises, and international trade. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/n95-mask-market/request/rs1 Before the COVID-19 pandemic, the U.S. consumed around 50 million N95 masks each year, according to the Department of Defense. During the pandemic, demand rose to around 140 million during a 90-day peak-use period in 2020. Furthermore, the country is set to distribute around 400 million free N95 masks from its Strategic National Stockpile from February 2022. The oil and gas sector is experiencing positive growth as energy consumption is returning to pre-crisis levels, coupled with economic rebound and lower gas prices. Growing concerns regarding airborne contaminants including smoke, carbon monoxide, and toxic gases in petrochemical and oil and gas industries are expected to boost demand for N95 masks over the forecast period. N95 Mask Market Report Highlights
The market for N95 masks is highly competitive and characterized by the presence of both global and regional market participants. The industry players focus on new product developments, vertical integration along the value chain, and mergers and acquisitions to gain a competitive edge in the market. The COVID-19 pandemic has had a substantial impact on various countries throughout the world, driving up the demand for N95 masks. As a result, some manufacturers such as 3M and Honeywell have raised their manufacturing production to meet the rising demand for the product. Manufacturers are also working with industry partners and government officials to deliver vital PPE during the COVID-19 epidemic. Some of the prominent players in the N95 mask market include:
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