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Squamous Non-Small Cell Lung Cancer: Pipeline Review, Developer Landscape and Competitive Insights, 2021-2031
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The respiratory protective equipment market size was USD 6.71 billion in 2020. The market is projected to grow from USD 8.04 billion in 2021 to USD 10.97 billion in 2028 at a CAGR of 4.5% during the 2021-2028 period. This vital information is presented by Fortune Business Insights™, in its report, titled, “Respiratory Protective Equipment Market, 2021-2028.” Factors such as the ability to protect the individual user from inhaling dangerous substances and the rising prevalence of biological infectious hazards will increase the footprint of the market during the forecast period. Additionally, the increasing outbreak of COVID-19 will further fuel the growth of the market.
Information Source - https://www.fortunebusinessins....ights.com/respirator
Segments
Based on type, the market can be segmented into air purifying respirators (APR) and supplied air respirators.
By end-use industry, the market can be divided into industrial, oil & gas, mining, petrochemical, construction, healthcare, pharmaceuticals, fire service, and others.
In terms of geography, the market can be categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage
The report on respiratory protective equipment contains a detailed analysis by encompassing critical aspects such as leading companies, products, and a global overview. Additionally, the report offers future market trends and ongoing industry developments to make a compelling read for our users. Factors that are expected to impact the market in a positive/negative manner are also mentioned in the report.
Drivers & Restraints
Increasing Demand from Healthcare Sector & Rising Adoption of Strict Regulatory Policies to Augment Market
Factors such as rising demand for RPE equipment from the healthcare sector and the rising prevalence of COVID-19 will boost the respiratory protective equipment market growth during the forecast period. Additionally, increasing adoption of stringent regulatory policies and rising protection requirements from toxic, dusts, fogs, and fumes among others will increase the footprint of the market. Also, rising awareness regarding the importance of workplace safety will further drive the market growth.
However, lack of awareness regarding the proper use of equipment will limit the growth of the market during the forecast period.
Regional Insights
North America to Exert Dominance Owing to Presence of Strict Regulatory Policies
North America will occupy the largest respiratory protective equipment market share during the forecast period due to the existence of stringent regulatory policies regarding personal safety in a variety of sectors.
Asia Pacific will witness considerable market share in terms of global contribution due to rapid industrialization and rising demand from the sectors of healthcare, pharmaceutical, oil & gas, and mining.
Europe will hold a significant market share owing to the rising number of respiratory hazards along with increasing demand for effective RPE.
Competitive Landscape
Mergers & Acquisitions and Improving Product Portfolio to Aid Dominant Players Gain Market Volume
The sector of respiratory protective equipment is highly fragmented with the dominant players occupying the lion’s share of the market. Dominant players in the market are integrating additional features such as air-purifying respirators with automatic filters for gaining a competitive edge over their competitors. For example, in July 2021, 3M launched their new KN95 disposable respirator, which is designed for effective comfort & improved breathability. This respirator will further protect the user from dust, smoke, smog, allergens and other particles. Other players are focused on employing various strategic tactics such as product development, expanding product portfolio, and improving network distribution for improving their market presence.
Industry Development
May 2020: Honeywell International Inc. announced that it will be building a new production line capable of manufacturing 4.5 million FFP2 & FFP3 removable face masks per month. These measures were enacted to aid the U.K. government’s response to the COVID-19 pandemic.
List of Key Players Present in the Market
3M (Minnesota, U.S.)
Ansell Ltd. (Richmond, Australia)
Alpha Pro Tech (Markham, Canada)
Avon Protection (Maryland, U.S.)
Bullard (Kentucky, U.S.)
Delta Plus Group (Apt, France)
Drägerwerk AG & Co. KGaA (Lübeck, Germany)
Gentex Corporation (Michigan, U.S.)
MSA (Pennsylvania, U.S.)
Honeywell International Inc. (North Carolina, U.S.)
Kimberly-Clark Worldwide, Inc. (Georgia, U.S.)
Uvex Safety Group (Fürth, Germany)
Protective Industrial Products, Inc. (New York, U.S.)
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Robots are Taking Over Manufacturing and the Industry is Ecstatic
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According to research study by Fortune Business Insights™ The global aluminum curtain wall market size is expected to reach USD 62.22 billion by 2027, exhibiting a CAGR of 8.0% during the forecast period. The increasing awareness regarding the advantages of ACW in buildings such as temperature control, sound insulation, and impact resistance will accelerate the Aluminum Curtain Wall growth during the forecast period. The modernizing of existing buildings will spur demand for aluminum curtains owing to its eco-friendly nature and flexible design, which, in turn, will augur well for the market, states Fortune Business Insights in a report, titled “Aluminum Curtain Wall Market Size, Share & Industry Analysis, By Product Type (Stick-built, Unitized, and Others), By Application (Commercial Buildings and Residential Buildings) and Regional Forecast, 2019-2027” the market size stood at USD 33.76 billion in 2019. The inclination towards aluminum due to its recyclable functionality will enable speedy expansion of the market. For instance, in the U.K. over 99% of aluminum frames are recovered from construction waste, which helps in waste reduction and thus, supports the environment.
Information Source:
https://www.fortunebusinessins....ights.com/aluminum-c
Market Driver:
Rising Investment in Aluminum Extrusion by Key Players to Boost Sales Opportunities
Aluminum extrusion is utilized in the manufacturing of curtain walling systems. The rising investment by eminent companies to expand their existing Aluminum extrusion capacities will positively impact the market in the forthcoming years. For instance, in June 2018, HAI Extrusion Germany GmbH, a global leader in extruded sections including aluminum, machining, and surface treatment announced that it has strategically invested around US$ 15 million to establish 3300-ton Aluminum extrusion press in Germany. The investment will help the company to better serve the consumers in construction as well as industrial sectors with high-quality Aluminum profiles. Furthermore, the launch of innovative curtain wall systems by renowned companies will subsequently bolster the healthy growth of the market in the forthcoming years. For instance, in October 2019, Kawneer Company Inc, an American manufacturer of architectural aluminum systems and products for the commercial construction industry announced the launch of a new 1620UT/1620UT SSG Curtain Wall system. The system is designed with polymer separator and accommodates 1" insulating glass to endure during high thermal climate. Additionally, mullion depth options offer both aesthetic and structural choices, giving the design team flexibility. 1620UT/1620UT SSG Curtain Wall system was tested as per the United States and Canadian standards.
Market Restraint:
High Installation Cost of Curtain Walls to Impede Market Revenue
The high cost involved in transporting and storing curtain walls leads to an overall elevated cost of aluminum curtain walls, which in turn, will hamper the growth of the market. Periodical maintenance is essential to preserve the aesthetical appeal intact, thus the perpetual maintenance leads to extraordinary costs. Similarly, the necessity for the sealant to be replaced over some time to keep the product quality. The aluminum frames are mostly anodized which further requires proper cleaning as the detergents used to clean the frames can affect the coating surface. The necessity of high skilled laborers to install curtain walls can be a critical factor in restricting the growth of the market. Besides, the unfavorable weather conditions lead to a major delay in installing curtain wall systems, which, in turn, will further obstruct the growth of the market.
Major Regional Analysis:
Booming Construction Industry to Augment Growth in Asia Pacific
The market in Asia Pacific generated a Revenue of 6.42 billion in 2019. The growth in the region is attributed to the flourishing construction industry in emerging nations such as China and India. The abundantly availably aluminum will enable speedy expansion of the market in the forthcoming years. According to the India Brand Equity Foundation (IBEF), India is projected to become the third-largest construction market by 2025. Additionally, favorable government regulations will further aid the expansion of the market in Asia Pacific. For instance, in June 2015, the Indian government announced the Smart Cities Mission to improve the core infrastructure of the selected cities across the country.
The Report lists the Prominent Companies in the Aluminum Curtain Wall Market:
ETEM Group
HansenGroup Limited
Schüco International KG
Qingdao Longxiang Building Materials Co., Ltd.
ALUMIL S.A.
Reynaers Aluminium
ALUTECH
EFCO Corporation
Kawneer Company Inc.
TECHNAL
HUECK System GmbH & Co.KG