DUBLIN--(BUSINESS WIRE)--The "HAZMAT Suits Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The HAZMAT suits market is estimated to boost at a CAGR of 8.13% from a market size of USD5.682 billion in 2019 to achieve a market size of USD9.083 billion by 2025.
HAZMAT suit is an abbreviated form of hazardous material suit which is considered a whole-body garment for the protection of the user or wearer against potentially harmful chemical or biological substances. The increasing demand for protection against hazardous chemical and biological wastes is providing an opportunity for the market to flourish in the forecast period. The market for HAZMAT suits is predicted to increase during the forecast period along with the growing patient population at the global level along with an increasing number of several diseases including heart-related disorders, infectious diseases, and many more. The growing demand for applications of HAZMAT suits in many end-user industry verticals is burgeoning the market growth in the forecast period. The current prevalence of novel coronavirus infections has surged the market demand, leading to a rise in sales of HAZMAT suits in the current year. Furthermore, the previous incidences of an epidemic like an Ebola virus outbreak have led to fuel the market growth in the forecast period.
The prevalence of regulations regarding the safety of the industry personnel is further accelerating the market demand in the forecast period. Additionally, the HAZMAT suits are one of the kinds of personal protective equipment, PPE utilized by the healthcare workers and healthcare professionals for the treatment of patients suffering from deadly infections. Hence, the growing demand for personal protective equipment will surge the market demand for HAZMAT suits over the next five years. These are used along with other PPE including protective goggles, face shields, and gloves. Several healthcare organizations differ in protocols and procedures for the utilization of PPE and HAZMAT suits coupled with differences in their operation in the contaminated areas. For example, in the European region, the HAZMAT suits are classified as Type 1, Type 2, Type 3, Type 4, Type 5, and Type 6. On the other hand, in the United States, these are categorized on the basis of protection levels as Level A, Level B, Level C, and Level D. Level A is the most protective, while level D is the least protective.
On the basis of geography, the North American region is projected to hold a significant market share due to the advanced medical facilities, and a high rate of coronavirus infection cases in the United States. Also, the presence of stringent regulations by certain regulatory bodies like OSHA for protection against dangerous chemicals in an industry is further providing strong growth prospects for the market to thrive in the forecast period. On the other hand, the Asia Pacific region is projected to show significantly high growth due to significant investments for efficient waste management in a healthcare facility, further fueling the market demand during the forecast period.
Key Topics Covered:
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porters Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
5. HAZMAT Suits Market Analysis, by HAZMAT Protection Level
5.2. Level A
5.3. Level B
5.4. Level C
5.5. Level D
6. HAZMAT Suits Market Analysis, by End-User Industry
6.2. Oil & Gas
7. HAZMAT Suits Market Analysis, by Geography
7.2. North America
7.3. South America
7.5. Middle East and Africa
7.6. Asia Pacific
7.6.1. Asia Pacific HAZMAT Suits Market, By HAZMAT Protection Level, 2019 to 2025
7.6.2. Asia Pacific HAZMAT Suits Market, By End-User Industry, 2019 to 2025
7.6.3. By Country
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.1. DuPont de Nemours, Inc.
9.2. Lakeland Industries, Inc.
9.3. Alpha Pro Tech
9.4. Honeywell International Inc.
9.6. Halyard Worldwide, Inc.
9.7. Drgerwerk AG & Co. KGaA
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