N95 Masks Market Trends and Forecast 2021 to 2030: Rise in Health Concerns to Drive Market

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The global N95 masks market size was valued at US$ 3.4 Bn in 2020 and to reach valuation US$ 2.8 billion by 2030 with a CAGR of 4.4% from 2021 to 2030.

N95 mask is an air-purifying, particulate respirator that helps reduce the wearer's inhalation exposure to certain airborne particles. Increase in cases of COVID-19 in 2020 boosted the demand for N95 masks in 2020. Therefore, key players are investing to increase the production of N95 masks, thereby creating significant opportunities in the market.

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Investment by key players to strengthen their position is likely to create significant opportunities in the market. For instance, in January 2021, Protectly.co announced partnership with Pacific PPE Corp. to deliver N95 masks to consumers at a time when they are most needed. Most end users are moving toward disposable face masks. N95 masks have been witnessing a paradigm shift toward disposable face masks over reusable ones. This shift can be attributed to the advantages of disposable face masks such as higher protection, elimination of the need of sterilization, and reduction of cross-contamination. Additionally, these are cost-effective and prevent contamination. Thus, key players are engaged in offering disposable N95 masks. This, in turn, is estimated to offer significant opportunities in the N95 mask market.

North America dominated the global N95 masks market in 2020. The trend is anticipated to continue during the forecast period. Focus of market players on increasing production capacities and government funding & contracts to expand the production of N95 mask is likely to boost the market in region. The robust expansion of the market in the region can be attributed to significant rise in the number of people being affected with the novel coronavirus.

Asia Pacific is likely to be a highly lucrative market for N95 masks. The market in the region is expected to expand at a high CAGR during the forecast period. Opportunities that exist for development of mining resources and infrastructure is likely augment the market in the region.

Increase in Demand for N95 Masks to Drive Global Market

  • COVID-19 is an infectious disease caused by newly discovered coronavirus in late 2019. During the COVID-19 pandemic, N95 masks played a vital role in keeping healthcare workers and first responders safe. Usage of N95 masks was advocated for infected persons to curb the spread of the disease. As of April 23 2020, the disease has spread to over 210 countries, infecting over 2,660,763 people.
  • Rise in fear of infection among people and the asymptomatic spread of the disease have led to the usage of masks by all people, thereby creating a strong demand for N95 masks
  • Increase in COVID-19 cases and awareness among people and healthcare professionals, advocating the usage of masks to reduce the risk of infection, drives the demand for N95 masks. For instance, monthly demand for N95 masks increased 10-fold during the peak of the pandemic. Hence, key players are focus on addressing the demand and increasing production capabilities. These factors boost the market.

COVID-19 Vaccines to Affect Mask Sales

N95 masks are being publicized as the gold standard for pandemic protection. In order to meet the demand from pharmacists, retailors, and hospitals, manufacturers in the N95 masks market are innovating in products made from 3D printing and other techniques. As such, the emergence of COVID-19 vaccines is anticipated to affect the sales of N95 masks. This explains why the market is predicted to witness a dip in revenue growth from US$ 3.5 Bn in 2020 to over US$ 2.8 Bn by 2030. Hence, manufacturers are now turning their focus toward the healthcare industry in order to establish stable revenue streams.

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Innovative Decontamination Devices Enable Safe Reuse of N95 Masks

Since disposable masks are increasing waste volumes in hospital and domestic settings, innovative devices are gaining prominence in the N95 masks market to facilitate the reuse of masks. Mask manufacturers should collaborate with researchers and startups such as IIT Delhi's Chakr Innovation that launched an ozone-based decontamination device to enable safe reuse of N95 masks. Manufacturers should increase awareness about such devices to bolster their credibility credentials, since excess of biomedical waste increases the risk of infections and environmental stress.

Rise in Health Concerns to Drive N95 Masks Market

The recent outbreak of coronavirus has increased the demand for N95 face masks globally. Most countries across the globe are witnessing a shortage of masks, and the demand is at an all-time high. The demand for N95 masks is projected to increase during the forecast period, as people are more concerned about health. The rise in transmission of infectious diseases among people, owing to various reasons, including increase in number of microorganisms causing respiratory diseases, and surge in the number of mutants of a single species contribute to health concerns among the people. The usage of face masks has been increasing in order to avoid a range of respiratory diseases. This, in turn, boosts the global N95 masks market.

N95 Masks without Valve to Dominate N95 Masks Market

In terms of product, the global N95 masks market has been classified into with valve and without valve. The without valve segment accounted for a major share of the market in 2020. It is estimated to maintain its dominance during the forecast period. The low cost of these masks as compared to the with valve masks boosts the higher volume sales of these masks.

Polypropylene Material to Hold Major Market Share

In terms of material, the global N95 masks market has been divided into polypropylene, cellulose, and others. Polypropylene is widely utilized in disposable face masks. It is primarily employed as the filtration material of the mask, which is majorly an electrostatic non-woven polypropylene fiber.

High Preference for Disposable Masks

In terms of usage, the global N95 masks market has been divided into reusable and disposable. Disposable respirators should be chosen for hygiene purposes, i.e. to ensure that the contaminant hazard usually bacterial, particulate or viral does not spread from the site of contamination. Thus, increase in use of disposable N95 mask in pharmaceutical industries is likely to augment the segment.

Key End Users of N95 Masks

In terms of end user, the global N95 masks market has been divided into healthcare providers, chemical industry, mining industry, food industry, pharmaceutical industry, construction industry, and others. The expansion of the others segment can be attributed to the increasing usage of masks by people to protect against the rising levels of air pollution. The increasing number of allergens also leads to the rising usage of N95 masks to avoid particulate matter.

North America to Dominate N95 Masks Market

In terms of region, the global N95 masks market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global N95 masks market in 2020, followed by Europe. North America accounted for a major share of the global N95 masks market in 2020. Well-established healthcare infrastructure, presence of key players, and increase in focus of companies on expansion of production capabilities of N95 masks to cater to the rising demand are anticipated to boost the market in the region. In April 2020, Honeywell International, Inc. began production of N95 face masks in Smithfield, R.I. This has enabled the company to supply masks to the U.S. Department of Health and Human Services for the Strategic National Stockpile to support health, safety, and emergency response personnel.

The N95 masks market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period. Rise in awareness, increasing pollution, and surge in COVID-19 cases lead to higher usage of N95 masks. This, in turn, is anticipated to drive the market in the region. According to the World Health Organization, 12,584 new cases and 10,479,179 confirmed cases of COVID-19 were recorded in India as of January 2021. Moreover, government initiatives to improve healthcare infrastructure is likely boost the market in the country.

Competition Landscape

The global N95 masks market is fragmented in terms of number of players. Key players in the global N95 masks market include 3M, KCWW, Honeywell International Inc., Prestige Ameritech, Ansell Ltd., Medline Industries, Inc., Cardinal Health, AlphaProTech, and Makrite.

Market Segmentation

N95 Masks Market, by Product

    • With Valve
    • Without Valve

N95 Masks Market, by Material

    • Polypropylene
    • Cellulose
    • Others

N95 Masks Market, by Usage

    • Reusable
    • Disposable
    • Cup Style
    • Folded Style

N95 Masks Market, by End User

    • Healthcare Providers
    • Chemical Industry
    • Mining Industry
    • Food Industry
    • Pharmaceutical Industry
    • Construction Industry
    • Others

N95 Masks Market, by Region

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

Scope of the Report

VRR's report on the global N95 masks market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2020 to 2030. The report provides revenue of the global N95 masks market for the period 2018-2030, considering 2021 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global N95 masks market during the forecast period.

The report has been prepared after primary and secondary researches. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players' product literature, annual reports, press releases, and relevant documents to understand the global N95 masks market.

Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various phenomenon in the global N95 masks market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global N95 masks market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global N95 masks market.

The report delves into the competition landscape of the global N95 masks market. Key players operating in the global N95 masks market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global N95 masks market that have been profiled in this report.

Key Questions Answered in N95 Masks Market Report

  • What is the scope of growth for product companies in the global N95 masks market?
  • What will be the Y-o-Y growth of the global N95 masks market between 2020 and 2030?
  • What is the influence of changing trends in technologies on the global N95 masks market?
  • Will North America continue to be the most profitable market for N95 masks?
  • Which factors are anticipated to hamper the global N95 masks market during the forecast period?
  • Which are the leading companies in the global N95 masks market?

Research Methodology

A unique methodology has been utilized by VRR to conduct comprehensive research on the growth of the global N95 masks market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary research sources referred to by analysts during the production of the global N95 masks market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of VRR's study on the N95 masks market as primary methods.

These primary research respondents have provided exclusive information during interviews, which serves as a validation from the N95 masks market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global N95 masks market with accuracy. The study also uses the top-down approach to assess the revenues of each segment and the bottom-up approach to counter-validate them. This has helped in reaching VRR's estimates on future prospects of the global N95 masks more reliably and accurately.

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