Chemical and Biological Protective Coveralls Market | 2030

Report Description

Chemical and Biological Protective Coveralls Market Outlook

The global chemical and biological protective coveralls market was valued at USD 2,871.8 Million in 2020 and is anticipated to reach USD 6,247.5 Million by 2028, expanding at a CAGR of 10.3% during the forecast period. Chemical and biological protective coveralls refer to clothing that is worn by individuals that engage in activities that may expose them to chemical and biological hazards.

These coveralls ensure protection to the wearers from these hazards. They are used when the chemicals are corrosive, irritant, photosensitizers, skin carcinogens, and the when there is a risk of being prone to harmful biological agents such as bacteria, viruses, fungi, prions, and parasites.

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Chemical and Biological Protective Coveralls Market Dynamics

Rising Safety Concerns Regarding Chemicals Expected to Act as a Driving Force for the Market

A key aspect of the sustainability goals of players in the chemical industry, governments, and environmentalists is to steer the wheel towards better management of commercial chemicals. The Strategic Approach to International Chemicals Management (SAICM), a policy framework for the production of chemicals which is backed by large international chemical companies, is taking efforts to promote sharing of hazards and risk information of chemicals.

In addition to this, concerns regarding the worker safety are rising across the globe due to increasing workplace injuries & accidents These factors in combination are anticipated to drive the growth of the market during the forecast period.

Rise in Prevalence of Biological Diseases

Infection diseases (disorders caused by biological agents — such as bacteria, viruses, fungi or parasites) were listed as one of the top 10 risks in terms of impact for the next decade as per the Global Risks Report. Rising global population, overcrowding in cities with poor sanitation, and lack of public health infrastructure in certain regions is leading to a rise in infectious diseases. In addition, globally, an estimated 3,20,000 workers die every year from infectious work-related diseases. This is leading to a rise in the prominence of protective coveralls and is projected to boost the growth of the global chemical and biological protective coveralls market during the forecast period.

Regulatory Bodies Anticipated to Play a Key Role in Boosting the Market

Strict regulations regarding the safety of individuals prone to hazardous chemicals and biological agents are expected to uplift the demand for chemical & biological protective coveralls. Organizations such as WHO (World Health Organization) and OSHA (Occupational Safety and Health Administration) play a key role in highlighting the safety of individuals at the workplace by implementing & updating standards and promoting safeguards. The intervention of regulatory authorities and bodies is expected to drive the growth of the market during the forecast period.

Growing Chemical Industry Expected to Fuel the Market

The chemical industry saw a decline due to the pandemic and contracted by 2.6% in 2020 according to ACC (American Chemistry Council). But it is expected to bounce back in the beginning of the forecast period and grow considerably later on. Countries such as India and China are expected to lead this recovery in terms of the global output of chemicals. This bouncing back of the chemical industry is expected to drive the growth of the market during the forecast period.

Growing Infrastructural Development & Manufacturing Activities

Infrastructural development continues to grow in spite of the pandemic. In fact, global infrastructure projects are anticipated to create the bedrock of plans for economic recovery from the pandemic. In 2020, over 2,500 projects were announced, a 5.5% rise from the previous year. As a result, construction activities are growing thereby bolstering the paints industry which in turn, is fueling chemical and biological protective coveralls market.

In addition, though manufacturing activities aren’t at the pre-pandemic level, the manufacturing industry is witnessing a recovery globally with countries such as China already witnessing excellent growth in industrial output near the pre-covid levels. This bouncing back of manufacturing activities across the globe is anticipated to provide multiple opportunities to the market during the forecast period.

Chemical and Biological Protective Coveralls Market Segmental Outlook

The global Chemical and Biological Protective Coveralls market is segmented on the basis of types, protection level, application, and regions.

In terms of types, the global chemical and biological protective coveralls market is segmented into durable and disposable. The durable segment is anticipated to account for a substantial share of the market and expand at a significant CAGR due to the growing prominence of sustainability across the globe bolstering the utility of reusable protective coveralls.

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Based on protection level, the global chemical and biological protective coveralls market is segmented into type 3, type 4, type 5, and type 6. The type 3 segment held a considerable share of the market in 2020 and this trend is anticipated to persist during the forecast period owing to demand for applications such as handling of inorganic and organic chemicals and protection from infectious agents.

In terms of application, the global chemical and biological protective coveralls market is segmented into general protection, chemical protection, biological protection, paint industry, military, industrial cleaning, clean rooms, health care and pharmaceuticals. The chemical protection held a considerable share of the market in 2020 and is projected to account for a substantial share of the market during the forecast period owing to growing demand for chemicals from end-use industries. The paint industry segment is anticipated to account for a sizeable share of the market and expand at a significant CAGR owing to rise in demand for paints as a result of expanding urbanization and infrastructural development across the globe.

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Regional Outlook

Based on regions, the global chemical and biological protective coveralls market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held a significant share of the market in 2020 and is anticipated to expand at a substantial CAGR during the forecast period due to growing demand for chemical and biological coveralls for military activities. Europe accounted for a considerable share of the market in 2020 and is projected to account for a substantial share of the market during the forecast period owing to growth of the healthcare industry driving the growth of the market in the region.

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Key Benefits for Industry Participants & Stakeholders

• In-depth Analysis of the global Chemical and Biological Protective Coveralls market
• Historical, Current and Projected Market Size in terms of Value and Volume
• Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
• Industry Drivers, Restraints and Opportunities Covered in the Study
• Recent Industry Trends and Developments
• Competitive Landscape & Strategies of Key Players
• Neutral Perspective on Global Chemical and Biological Protective Coveralls Market Performance