The Global Nuclear Biological Chemical (NBC) Hazmat Suit Market is projected to grow at a CAGR of 7.25% in the forecast period of 2022-27, cites MarkNtel Advisors in their recent research report. The market is driven by the mounting awareness among industrialists & governments about the health risks associated with corrosive chemicals, bacteria, & radioactive waves from nuclear power plants, propelling the demand for NBC/Hazmat suits. The use of these suits is observed particularly across industries like construction, food processing, oil & gas, & mining, among others.
Besides, the rapidly growing number of accidents & injuries at workplaces due to the unavailability of personal safety kits or lack of awareness among industrialists & workers for these products are also boosting the significance of NBC protective suits and stimulating the overall market growth through 2027.
Furthermore, escalating fatality rates due to chemical, nuclear, or fire hazards at workplaces are also spreading awareness among the regional governments & industrial units, which in turn, is mandating the use of NBC suits for minimizing health risks globally. The same aspect is boosting the adoption of these suits and hinting toward the presence of lucrative opportunities for the players to expand their production & distribution capacities and cater to the rising needs, further states the research report, “Global Nuclear Biological Chemical (NBC) Hazmat Suit Market Analysis, 2022.”
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Increasing Oil & Gas Exploration Activities to Make Substantial Contribution in the Market Growth
Based on End-User, Oil & Gas sector is expected to make a substantial contribution to the expansion of the Global NBC/Hazmat suits Market during 2022-27. This growth is driven by the massive investments by the governments of different countries in oil & gas exploration activities, propelling a mandating need for NBC suits to protect the workers under difficult circumstances.
Moreover, as workers in the sector are exposed to severe life-threatening hazards like burns, falls, respiratory issues, etc., during exploration activities, because of oil spills, the release of hydrogen sulfide & formaldehyde can potentially affect their health. The same aspect makes it the critical need for these sites to have protective suits to elevate the health risks during exploration.
Rapid Industrialization in North America Stirring the Market Growth
On the geographical front, North America is set to exemplify the fastest growth in the Global Nuclear Biological Chemical (NBC)/Hazmat Suits Market during the forecast period, prevailing in the historic trend. This growth is driven by the surging number of nuclear plants, pharmaceutical industries, & biotechnology industries present across different countries in the region. As a result, the demand for the utmost safety & security of workers due to their exposure to severe chemical & radioactive waves & waste products is mounting and propelling the need for such safety suits while making a substantial contribution to market expansion.
- According to the World Nuclear Association, North America has the world’s largest nuclear production capacity with the US being the world’s largest producer of nuclear power accounting for more than 30% of global nuclear power generation capacity.
- Another, according to the US Energy Information Administration, as of June 2019, 59 commercially operating nuclear power plants with 97 nuclear reactors in 29 states of the US, contributing to an increased demand for NBC/Hazmat suits in the region.
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Competitive Landscape
The leading players in the Global Nuclear Biological Chemical (NBC) Hazmat Suit Market 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, and MSA Safety Inc., among others.
Key Questions Answered in the Research Report
- What are the current & future trends in the Global Nuclear Biological Chemical (NBC) Hazmat Suit Market?
- How has the industry been evolving in terms of geography & product adoption?
- How has the competition been shaping across various regions, followed by their comparative factorial indexing?
- What are the key growth drivers & challenges for the Global Nuclear Biological Chemical (NBC) Hazmat Suit Market?
- What are the customer orientation, purchase behavior, & expectations from Nuclear Biological Chemical (NBC) Hazmat Suit manufacturers across various regions?
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Market Segmentation:
- By Level of Protection (Level A, Level B, Level C, Level D)
- By Application (Biological, Chemical, Nuclear, Fire/High Temperature)
- By End User (Defense, 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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