According to Markntel Advisors Report, Nuclear Biological Chemical (NBC) Hazmat Suitl Market is expected to grow at a significant growth rate, and the analysis period is 2022-2027, considering the base year as 2021. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Hazardous material suits, abbreviate as HAZMAT, are designed to assure the user has complete protection while undergoing activities that involve interaction with hazardous material like radioactive material, chemicals, etc. Nuclear Biological Chemical (NBC) suits are the specialized variety of such costumes that consist of a protection jacket a trouser worn directly above the garments. The unique property of these suits is their permeability breathability their specific design to protect users. These protection layers have compatibility to sustain for extended periods, as in the case of war.
Nuclear Biological Chemical (NBC) Hazmat Suitl Market Research Report Summary:
The Global Nuclear Biological Chemical (NBC)/Hazmat Suits Market is projected to grow at a CAGR of around 7.25% in terms of revenue during the forecast period, i.e., 2022-27.
Time Period Captured in the Report:
- Historical Years: 2017-20
- Base Years: 2021
- Forecast Years: 2022-27
Who are the Key Players Operating in the Nuclear Biological Chemical (NBC) Hazmat Suitl Market?
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The top companies of the Nuclear Biological Chemical (NBC) Hazmat Suitl Market ruling the industry are:
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.
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Recent Developments in the Global Nuclear Biological Chemical (NBC)/Hazmat Suits Market
- 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.
The Nuclear Biological Chemical (NBC) Hazmat Suitl Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-By Level of Protection
-Level A
-Level B
-Level C
-Level D
-By Application
-Biological
-Chemical
-Nuclear
-Fire/High Temperature
-By End User
-Defence
-Oil Gas
-Healthcare
-Manufacturing
-Mining Metallurgy
-Others (Fire Fighting, Construction, etc.)
-By Region
-North America
-South America
-Europe
-Middle East Africa
-Asia Pacific
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Market Dynamics:
- Key Driver: 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.
- Possible Restraint: Heightening Distribution of Low Price Counterfeit NBC Products Globally
With the rapidly increasing industrialization massive investments in utility, healthcare, construction industries, etc., due to the ease of availability of resources in specific locations, the demand for safety suits is expected to boom significantly in the coming years. However, a lack of awareness among consumers regarding product quality workplace safety contributed to the sales of substandard lower quality NBC (protective) suits globally.
Besides, according to the United Nations Office on Drugs and Crime (UNODC), the restriction on movement imposed by the governments to curb the spread of the virus led to the emergence of trafficking of substandard falsified medical products, including the sales of PPE kits globally. International organizations such as Interpol, and the World Customs Organization (WCO), reported an increase in the seizure of falsified medical suits other medical products during March 2020.
Furthermore, the growing number of death-causing diseases such as Coronavirus, Tuberculosis, Cholera, etc., globally have initiated the need for health workers to wear protective suits to save themselves from getting transmitted with the diseases. However, the lack of stringent policies regulations in the production sales of NBC Protective suits in the Global Nuclear Biological Chemical (NBC)/Hazmat Suits Markets has supported the sales of counterfeit products with reduced quality safety. Thereby hindering the market penetration of certified NBS/Hazmat suits globally.
- Growth Opportunities: Increasing Government Focus on Developing Nuclear War Protective Capabilities
Various countries worldwide have increased their spending on developing nuclear protective capabilities. As a result, a considerable amount is also dedicated towards manufacturing or procuring NBC suits for citizens, military law enforcement agencies. In 2021, besides the leading economies like the US, Russia, China, India became the fourth country to develop end-to-end capabilities in manufacturing NBC suites for its citizens defense personnel.
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