Hazmat Suit Market Worth 7.97 Billion USD by 2021
PUNE, India, September 13, 2016 /PRNewswire/ --
The report "Hazmat Suits Market by Application (Chemical Waste, Infection Control & Bio-Hazard, Hazardous Material), End-Use (Oil & Gas, Mining & Metallurgy, Construction, Manufacturing, Transportation, Utilities, Healthcare), Safety Standards - Global Forecast to 2021", published by MarketsandMarkets, the market is projected to reach USD 7.97 Billion by 2021, at a CAGR of 5.82% from 2016 to 2021.
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Browse 71 market data Tables and 92 Figures spread through 145 Pages and in-depth TOC on "Hazmat Suits Market".
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Factors such as Ebola outbreak increase in number of nuclear plants, and growth in number of pharmaceutical and biotechnological industries worldwide will drive the growth of the hazmat suit market.
The Level A type suit is expected to grow at the highest CAGR during the forecast period.
The Level A type of hazmat suits provides the maximum safety when compared to the other type of suit types. This is the reason the hazmat suits are predominantly used in case of infectious diseases. The market for the level A type hazmat suit is estimated to grow at the highest CAGR during the forecast period. This surge in sales is expected out of the need of protection from the increasing threat of contagious diseases such as the Ebola outbreak and increasing safety awareness among people.
The infection control & biohazard segment is expected to grow at the highest growth during the forecast period
The infection control & biohazard segment of the hazmat suits market is estimated to growth at the highest CAGR during the forecast period. The recent Ebola outbreak and the increasing waste that is being generated by the healthcare segment are responsible for the high growth of this segment.
The Asia-Pacific region projected to grow at the highest CAGR in the hazmat suit market during the forecast period
Asia-Pacific is one of the fastest-growing markets for hazmat suits considering the increase in the end-use applications, due to increase in the economic activities in this region. The usage of effective protective equipment for the handling of hazardous waste is still not a standard practice in some of the Asia-Pacific countries. Countries in Asia-Pacific region are adopting to the advanced waste management practices and hence are using hazmat suits.
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Also, most of the manufacturing companies of Level C, and D type of suits are located in the China due to the cost advantages. This in turn fuels the hazmat suits market in this region.
The major players in this market have been identified to be DuPont Inc. (U.S.), Lakeland Industries Inc (U.S.), Kimberly Clark Corporation (U.S.), and Alpha Pro Tech (Canada).
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