The N95 Mask Market was valued at $5.2 Billion in 2020. Growing at a high CAGR of more than 15.4% between 2021 and 2031, it is estimated to reach $8.4 Billion by 2031. The current pandemic of COVID-19 might make a slight difference in the growth rate. During the time of COVID-19, this market has not been that much affected rather the growth has been almost double. The nimble spread of the COVID-19 pandemic has dramatically increased the demand for PPE, which includes N95 masks, and it has further resulted in their insufficient supply. Hence, it will be estimated to make a lot of growth for the market over the forecast period of 2021-2031.
N95 Mask Market Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The N95 Mask Market has been segmented based on type and application. We all know that prior to the COVID-19 pandemic, manufacturing, construction, painting, and mining were some of the primary industries of N95 masks. But following the outbreak of the COVID-19 pandemic, these masks are being primarily used and the most needed thing in the healthcare industry by healthcare workers and other professionals confronting the pandemic. Other industries that are also utilizing these masks during the pandemic include pharmaceuticals, food and beverage, and energy.
North America Is Holding The Market Share By Region
The N95 Mask Market has been geographically segmented into Europe, Asia Pacific, Latin America, and the Middle East region. However, the largest share of the market is held in North America and Europe. The nimble spread of the COVID-19 pandemic has dramatically increased the demand for PPE, which includes N95 masks, and it has further resulted in their insufficient supply. The Asia-Pacific region is estimated to have a slow but promising growth over the projection period. Latin America and the Middle East are estimated to witness steady growth during the period owing to the rise of this market. Hence, these will fuel growth during 2021-2031.
Major Players In N95 Mask Market
Key players profiled in the report include 3M, Honeywell, Kimberly-Clark, Cardinal Health, KOWA, Ansell, Shanghai Dasheng, Vogmask, and Hakugen, and others.
Global N95 Mask Market Has Been Segmented Into:
Global N95 Mask Market, By Type
Global N95 Mask Market, By Application
Global N95 Mask Market: By Region