
Hazmat Suit Market CAGR To Be At 5.8% $11.60 Billion Industry Revenue By 2030
Stringent laws & regulations regarding work environment safety and increase in the number of nuclear power plants across the globe drive the growth of the global hazmat suits market. However, oxygen depletion issue in Level A hazmat suits and availability of poor quality, low-cost products restrain the market to some extent. On the other hand, technological advancements in hazmat suits presents new opportunities in the upcoming years.
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Based on application, the infection control & biohazard segment held the highest market share in 2020, holding more than half of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is estimated to register the highest CAGR of 6.0% from 2021 to 2030.
Based on safety standard, the Level A segment held the largest market share in 2020, holding around two-fifths of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is projected to register the highest CAGR of 6.2% from 2021 to 2030.
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Based on region, North America contributed to the highest share in terms of revenue in 2020, holding around two-fifths of the global hazmat suits market, and is estimated to continue its dominant share by 2030. However, Asia-Pacific region is projected to manifest the fastest CAGR of 9.5% during the forecast period.
KEY FINDINGS OF THE STUDY
By application, the infection control and biohazard segment is expected to register significant growth during the forecast period.
By safety standard, the Level A segment is anticipated to exhibit significant growth in future.
By end-use, the mining and metallurgy segment is projected to lead the global hazmat suits market, owing to higher CAGR as compared to other segments.
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
Leading players of the global hazmat suits market analyzed in the research include 3M Company
Alpha Pro Tech, Ltd.
Drägerwerk AG & Co. KGaA
Dupont de Nemours, Inc.
Honeywell International Inc.
Kappler, Inc.
Kimberly-Clark Corporation
Lakeland Industries Inc.
MATISEC
MSA Safety Incorporated
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