Information Source:
The global disposable respirators market size is estimated to be worth USD 6.85 billion by 2028, registering a CAGR of -2.8% over the forecast period. The market valuation amounted to USD 6.31 billion in 2020 and grew to USD 8.38 billion in 2021 at a staggering 223.9%.
- 3M (Minnesota, U.S.)
- Honeywell International, Inc. (North Carolina, U.S.)
- COFRA S.r.l. (Barletta Andria Trani, Italy)
- Uvex Group (Fürth, Germany)
- MSA (Pennsylvania, U.S.)
- Moldex-Metric (California, U.S)
- Protective Industrial Products, Inc. (New York, U.S.)
- RZ Mask (Minnesota, U.S.)
- Makrite (Taipei, Taiwan)
- SHIGEMATSU WORKS CO., LTD. (Tokyo, Japan)
- Drägerwerk AG & Co. KGaA (Lübeck, Germany)
- Mallcom (India) Limited (Kolkata, India)
- Delta Plus Group (Apt, France)
COVID-19 Impact:
Supply Chain Disruptions amid COVID-19 to Create New Challenges for Manufacturers
Due to the sudden outbreak of COVID-19 in 2020, a dramatic rise in the demand for face masks and respirators was observed globally. Since no country had anticipated such a hike in demand, these products witnessed tremendous shortages in many parts of the world. Since China was the epicenter of the COVID-19 outbreak and one of the first countries to be impacted by the pandemic, various industrial facilities were forced to shut down or operate at a reduced capacity. Consequently, decreased industrial production in the country had a detrimental effect on all major economies across the globe. Besides these factors, the shortage of availability and high raw materials prices have slowed down market growth.
Asia Pacific will record notable growth during the forecast period led by the rapidly expanding manufacturing sector in the region. The market in Latin America and the Middle East & Africa will expand on ongoing construction and infrastructure development activities.
Information Source:
https://www.fortunebusinessinsights.com/disposable-respirators-market-102037
