U.S. Negative Pressure Escape Mask Market size worth around $66.7 million by 2026
Published Date: December 8, 2020 Authors: Kiran Pulidindi, Hemant Pandey
According to a new research report by Global Market Insights, Inc., the U.S. Negative Pressure Escape Mask Market size will likely reach USD 66.7 million by 2026. Increasing demand from the electrical & electronics industry will drive the business during the forecast period.
Product demand in the medical & healthcare industry will grow at the highest CAGR of 4.8% by 2026
Negative pressure escape masks are widely used in the medical and healthcare industry during drug formulation and in labs. The equipment is extensively used by scientists and hospital staff to avoid the contamination or protect themselves from airborne infectious disease-causing microorganisms.
Negative pressure escape masks are used highly in pharmaceutical industries and pharma students during formulation of different dosage forms to protect from hazardous chemicals, such as acids, phenols, and other aromatic chemicals, etc., preservatives, additives or excipients, and dust produced during handling of different ingredients of the formulation. Mainly air purifying disposable and reusable face masks and full-face masks are used in the pharmaceutical industry.
Browse key industry insights spread across 102 pages with 11 market data tables & 24 figures & charts from the report, “U.S. Negative Pressure Escape Masks Market By Application (Industrial, Medical & Healthcare, Military & Aviation, Public Service), Industry Analysis Report, Country Outlook Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
COVID-19 will have negative impact on raw material supply
The COVID-19 pandemic has majorly impacted various industries in the U.S. On the supply side, the market has faced various challenges including reducing labor supply and productivity through lockdowns, business closures, and raw materials disruptions due to restrictions on transportations and others. However, the second & third quarter of the year has seen huge revenue gains in the market mainly due to government mandates for the use of safety measures in the industries.
The raw materials used in the manufacturing of escape masks include rubber and silicone, which are mainly imported from players abroad. Due to the ongoing disruption in the raw material industry, the volume of products substantially decreased in early 2020, creating a major demand-supply gap in the U.S. negative pressure escape mask market. However, the lifting of lockdowns resulted in a sudden surge in the demand for protective equipment, wherein the raw material supplies to tap the growing demand took preventive measure for uninterrupted supply of products. This sudden demand surge was mainly created by lifting of bans in the industrial sector and notable demand from the medical & healthcare sector.
The military & aviation industry will register high product demand
Negative pressure escape masks are largely used in the military by the soldiers to protect themselves from the toxic fumes or hazardous gases produced during war. In addition, they are extensively used in the aviation industry primarily during the emergency situations. Their anti-claustrophobic clear hood comes handy during industrial spill and accidents, terrorist attacks, and other hazardous environments. The increased focus of different countries on the defense sector specifically on the safety of soldiers will drive the negative pressure escape masks market during the forecast period. Therefore, the sector will generate revenue over USD 4 million in 2026.
Major companies increasing dominance over the market by mergers & acquisition strategy
Major players in the U.S. negative pressure escape mask industry are acquiring other companies to increase their market share. For instance, in July 2017, Mine Safety Appliances acquired Globe Holding Company based in New Hampshire, LLC. in an all-cash transaction valued at USD 215 million. It strengthened MSA’s position as a leader in the North America firefighter protective equipment market.
Other major manufacturers in the U.S. negative pressure escape mask industry are Honeywell International Inc., Mine Safety Appliances (MSA), RPB Safety LLC., ILC Dover, Delta Plus Group, Bullard, The Gerson Company, RSG Safety BV, Gentex Corporation, Drägerwerk AG & Co. KGaA, and Scandia Gear Europe B.V.