The N95 Mask market is estimated to grow with a high CAGR during the forecast period, i.e., 2021-2029. The rapid rise in Covid-19 infections all across the world is expected to fuel the growth of this market. The growth of the market can also be attributed to factors such as efficiency of N95 masks to filter out more than 95 percent of airborne particles. According to the data collected from World Health Organization, till 5th April 2021, there have been 131,020,967 confirmed cases of Covid-19, including 2,850,521 deaths reported to the organization.
The market is segmented based on product type into mask with breathing valve and mask without breathing valve, out of which, the mask without breathing valve is anticipated to grab the largest share by the end of 2021 on account of high level of protection offered during inhalation and exhalation. Moreover, there is also an increasing awareness about the use of N95 masks due to the pandemic which is also projected to contribute to the growth of the segment during the forecast period.
On the basis of application, the industrial segment in the global N95 market is the largest segment and is expected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the fact that N95 are predominantly being used in the construction industry by workers for protection against fumes, dust, vapors and gases. According to International Labour Organization, the total working population in the world has increased to 3.46 billion in 2019 as compared to 3.35 billion in 2016. Individual and Hospital segments are also expected to witness significant growth in use of N95 masks due to spread of airborne infectious diseases and the Covid-19 outbreak.
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in Asia Pacific is predicted to grow at the highest CAGR over the forecast period owing to the rapid surge in Covid-19 infections and efficiency of N95 mask to filter out more than 95 percent of airborne particles. Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the growing awareness about the use of N95 masks as a measure of protection against viruses and other airborne infections. Alternatively, the market in Europe is also anticipated to occupy a significant share in the N95 mask market for the abovementioned reasons. CLICK TO DOWNLOAD SAMPLE REPORT
The global N95 mask market is further classified on the basis of region as follows:
Our in-depth analysis of the global N95 mask market includes the following segments:
FREQUENTLY ASKED QUESTIONS
Rapid rise in Covid-19 infections and efficiency of N95 mask to filter out more than 95 percent of airborne particles are the major factors driving the growth of N95 mask market.
The market is anticipated to attain a high CAGR over the forecast period, i.e., 2021-2029.
High market price and lack of awareness about Covid-19 in lower economic regions are estimated to hamper market growth.
The market in Asia Pacific will provide ample growth opportunities owing to the rapid surge in Covid-19 infections and efficiency of N95 mask to filter out more than 95 percent of airborne particles.
The major players dominating the N95 Mask market are Honeywell International Inc., The 3M Company, Kimberly-Clark among others.
The company profiles are selected on the basis of revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by Mask type, application and region.
With respect to application, the Mask without Breathing Valve segment is anticipated to hold the largest market share owing to the high level of protection offered during inhalation and exhalation.
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