Dublin, July 19, 2023 (GLOBE NEWSWIRE) -- The "Gas Masks: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Gas Masks estimated at US$6.6 Billion in the year 2022, is projected to reach a revised size of US$11.3 Billion by 2030, growing at a CAGR of 6.9% over the analysis period 2022-2030.
Disposable Respirators, one of the segments analyzed in the report, is projected to record a 6.7% CAGR and reach US$3.8 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Powered Air-Purifying Respirator (papr) segment is readjusted to a revised 7.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 10.7% CAGR
The Gas Masks market in the U.S. is estimated at US$2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 10.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 6.1% respectively over the 2022-2030 period.
Within Europe, Germany is forecast to grow at approximately 5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2030.
Select Competitors (Total 68 Featured) -
- 3M
- AirBoss Defense Group
- All Safe Industries, Inc.
- Avon Protection system Inc.
- Dragerwerk AG & Co. KGaA
- Duram Mask
- Honeywell International Inc.
- Johnson Controls
- Kimberly-Clark Worldwide, Inc. (KCWW)
- MSA Safety Incorporated
- RPB Safety (GVS-RPB)
- RSG Safety BV
- Shalon Chemical Industries Ltd.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 353 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $6.6 Billion |
| Forecasted Market Value (USD) by 2030 | $11.3 Billion |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Safety at Workplace Throws the Focus on Gas Masks for Building Safe & Productive Work Environment
- Global Economic Update
- Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
- War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
- Although Facing a Lower Recession Risk, Global Economic Growth in 2023 to Slowdown Amid War, Inflation, Elevated Interest Rates & Marginal Easing of Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
- Competition
- Gas Masks - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
- Gas Masks: Overview, Types & Market Outlook
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Global Warming Induced Rise in Forest Fires & Focus on Fire Fighter Recruitment Amid Shortages to Spur Demand for Gas Masks
- Rise in Workplace Accidents Favors Market Growth
- High Levels of Workplace Related Accidents Bring Renewed Emphasis on Gas Masks: Breakdown of Annual Work Related Fatalities (In Thousands) Worldwide by Region
- Industrial Safety Regulations Underpin Market Growth
- Ever-Present Risk of Fires to Drive Use of Gas Masks Among Fire Fighters
- Percentage Distribution of Causes of Fire as of the Year 2022
- Opportunities Amid Challenges Encourages a Positive Outlook for Gas Masks in the Mining End-Use Sector
- Innovation Remains Crucial to Sustained Market Growth
- Increased Military & Defense Spending Supported by War & Geopolitical Unrest Brightens Market Prospects for Gas Masks
- Robust Defense Spending Amid the Unfortunate State of Global Geo-Political Affairs Opens Opportunities for Increased Spending on Gas Masks: Military Spending by Top Countries in 2022 (In US$ Billion)
- Putin's Nuclear Sabre Rattling Puts the World on Edge & Defense Spending on Top of the Priority List in an Increasingly Nervous, Multipolar World: Global Inventory of Nuclear Warheads by Country for the Year 2022 (In Units)
- As the Threat of Biological and Chemical Warfare Becomes Real, Increased Focus on CBRN Defense Bodes Well for the Growth of the Gas Masks Market
- Casualties of the Chemical Weapons Till-Date
- Growing Spending on CBRN Defense to Benefit Sales of Gas Masks: Global Market for CBRN (In US$ Million) for Years 2023, 2025 and 2027
- Lucrative Opportunities for Gas Masks in the Oil & Gas Sector
- Self-Contained Breathing Apparatus (SCBA) to Witness Encouraging Growth
- Despite Mounting Challenges, a Resilient Outlook to Benefit Demand for Gas Masks in the Chemical Industry
- Need to Protect Wastewater Treatment Workers Raises Importance of Gas Masks
- PAPRs Allow Protection to Workers Against APIs in Pharmaceutical & Biopharmaceutical Sectors
- World Prescription Drug Sales (in US$ Billion) for Year 2023, 2025, 2027, 2029 and 2031
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/2jexp
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