Face masks are a particular type of personal protective equipment designed to reduce the respiratory exposure of the wearer to dangerous substances such as toxic chemicals or infectious particles. N95 masks are capable of blocking out at least 95 percent of the airborne particles larger than 2.5 microns, including particles or droplets carrying viruses and bacteria, thereby protecting people against respiratory tract infections and diseases.
3M, & Honeywell International Inc., –are Notable Market Players in N95 Masks Market
The growth of the N95 masks is mainly attributed to factors such as prevalence of COVID-19 and increasing investments and initiatives by market players and governments. However, availability of alternate products hinders the market growth.
Market leaders operating in the market have undertaken various organic and inorganic growth strategies in the 3M, Kimberly-Clark Corporation, Medline Industries, Inc., Cardinal Health Inc, Ansell Limited, ALPHA PRO TECH, LTD., Honeywell International Inc., The Gerson Company, Medisca Inc., and Moldex-Metric.
Several in organic approaches, such as product launches, and expansion in the N95 masks, have resulted in the growth of the market. Likewise, inorganic strategies such as mergers & acquisitions, and collaboration have helped the company to strengthen its revenue, which allows the company to hold a strong position in the market.
Below is the list of the growth strategies done by the players operating in the N95 masks:
| Year | News |
| Jun-2021 | Project N95 – a non-profit organization – is adding several Gerson N95 respirators to its suite of products. Gerson 1730, Gerson 3230, and Gerson 3230+ are the three masks, offered by The Gerson Company, increased the selection of vetted U.S.-made N95 respirators available in the Project N95 Shop, opening access to more quality, domestically produced PPE from reputable manufacturers. |
| Jan-2021 | 3M has raised its annual production rate to 2.5 billion N95 respirators, a fourfold rise over 2019. In 2020, the company manufactured 2 billion respirators globally. |
| Nov-2020. | Medline began making face masks at its Lithia Springs, GA plant, and anticipated production on level-1 earloop procedure masks began in January, with a second production line expected to launch later in 2021. |
| Sep-2020 | Moldex- Metric, Inc., the manufacturer of the N95 mask planned to open a new manufacturing facility in Wilson County. Moldex-Metric, Inc. planned to take over an existing building in Lebanon and build an additional distribution center on the 21-acre site creating 220 job opportunities. |
| Aug-2020 | Honeywell International, Inc. has added a N95 face mask production line at its Fulgaon facility in India to help frontline healthcare workers, emergency responders, and government organizations responding to the COVID-19 pandemic. |
