MarkNtel Advisors recently published a detailed industry analysis of the Global Nuclear Biological Chemical (NBC) Hazmat Suit Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Nuclear Biological Chemical (NBC) Hazmat Suit Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2027
The Nuclear Biological Chemical (NBC) Hazmat Suit Market is projected to grow at a CAGR of around 7.25% in terms of revenue during the forecast period, i.e., 2022-27.
Key Findings in Global Nuclear Biological Chemical (NBC) Hazmat Suit Market:
- Historical Analysis: 2017–2020
- Base Year: 2021
- Forecast Period: 2022–2027
Leading Market Players- Ballyclare Limited, DuPont, Glen Raven Inc., TenCate Protective, Lakeland Industries, Inc., Honeywell International Inc., Teijin Ltd., Respirex, Sioen Industries NV, Radians, Inc., W. L. Gore & Associates Inc., Lindstrom Group, Protective Industrial Products, Inc., National Safety Apparel, Ansell Limited, MSA Safety Inc.
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Global Nuclear Biological Chemical (NBC) Hazmat Suit industry?
Escalating Chemical Construction Activities- Chemical industries worldwide immensely contribute to a country's economic growth. However, it involves several risky operations, such as trenching, digging, blasting, metal fabrication, etc., which causes several health risks, including cancer, vision loss, & skin irritation, among many others.
It has led to an increase in fatality rates due to the worker’s exposure to chemicals & harmful radiation at workplaces. According to the United States Bureau of Labor Statistics, the US recorded over 4,764 fatal work injuries during 2019 and over 672 worker fatalities in 2020 due to exposure to harmful substances in workplaces. It has derived awareness among regional governments & industrial units to mandate using protective suits during working hours, which, in turn, is driving the demand for NBC/ Hazmat Suits globally.
Additionally, various initiatives & massive investments in the construction & expansion of chemical industries by state-owned & private chemical manufacturing units in Europe & North America have also contributed significantly to the surging demand for protective suits worldwide.
Furthermore, the rising fatality rates due to the burgeoning chemical, nuclear, or fire hazards in workplaces has derived awareness among the regional governments and industrial units to mandate the use of Protective suits during working hours. Therefore, driving the demand for NBC/ Hazmat suits globally during the forecast period.
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What segments define the Global Nuclear Biological Chemical (NBC) Hazmat Suit Market from 2022 to 2027? How do these segments contribute to market dynamics and growth?
By Level of Protection
- Level A
- Level B
- Level C
- Level D
According to report, Of them all, Level A suites dominated the Global Nuclear Biological Chemical (NBC)/Hazmat Suits Market during 2017-21.
By Application
- Biological
- Chemical
- Nuclear
- Fire/High Temperature
According to report, Of them all, the Nuclear Protective Suits in the Global NBC/Hazmat suits market is expected to acquire a considerable share during 2022-27, owing to increasing international tensions between nuclear-armed countries.
By End User
- Defence
- Oil & Gas
- Healthcare
- Manufacturing
- Mining & Metallurgy
- Others (Fire Fighting, Construction, etc.)
According to report, Among all, the Oil & Gas sector in the Global NBC/Hazmat suits market is expected to flourish during 2022-27 due to massive investments in oil & gas exploration activities globally.
Explore the Complete Global Nuclear Biological Chemical (NBC) Hazmat Suit Market Analysis Report – https://www.marknteladvisors.com/research-library/nuclear-biological-chemical-nbc-hazmat-suit-market.html
Geographical Analysis: Global Nuclear Biological Chemical (NBC) Hazmat Suit Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Global Nuclear Biological Chemical (NBC) Hazmat Suit Market Recent Development:
- In February 2020, the Dupont announced expanding the global capacity of its protective wear brand ‘Nomex’ through a joint venture with Nippon Paper Papliya, located in Yufutsu, Japan. Next, in the same year, it excelled its production of NBC suits to tap the growing opportunities in the healthcare industry brought forward globally by the Covid-19 pandemic.
- In July 2021, the key player, Glen Raven Inc. announced to expand customs fabric operations used for manufacturing NBC/Hazmat suits in Warren County, the US, with an investment of over USD 82million.
- In September 2021, Mitsubishi Chemical Corporation announced its expansion plan of Meta-xylenediamine (MXDA) with a capacity of 25000MTA scheduled to start its operation in 2024.
- In October 2021, Gain, an Indian state-owned petrochemicals producer announced to build a propane dehydrogenation (PDH) plant at Usar, in Maharashtra by 2024.
- In November 2021, the Indian Oil Corporation (IOCL) announced its plan to invest USD 495.22 million to set up a maleic anhydride unit for manufacturing high-value specialty chemicals in Haryana.
- Defence Research Development Establishment (DRDE) Gwalior developed a national standard for qualitative and quantitative method of determining breakthrough and permeation of Nuclear Biological and Chemical (NBC) permeable protective clothing.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Global Nuclear Biological Chemical (NBC) Hazmat Suit Market?
- How is the Global Nuclear Biological Chemical (NBC) Hazmat Suit Market expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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