COVID-19 Impact on the Global Respiratory Masks Market in Chemical Industry

ANALYSIS ON IMPACT OF COVID-19
Respiratory masks are the face masks which are used for the prevention of the spread of corona virus and other respiratory diseases. Depending on the type, masks can be used for either protection or to prevent onward transmission.
COVID-19 has increased the demand for respiratory masks across all medical, industry and manufacturing sectors to prevent the spread of corona virus which has resulted in high manufacturing of respiratory masks across the globe. The manufacturers are making key efforts toward changing their marketing approach and manufacturing of respiratory masks. The main objective is to ease down the impact due to COVID 19 to the maximum extent possible. The companies have reset their capital spending in the wake of COVID-19 and are focusing on the coming year.
COVID-19 has a positive impact on the demand for respiratory masks market in hospital and clinic and public safety organization. On evaluating and analyzing the prevailing respiratory masks demand across the globe, it has been witnessed that the production of respiratory masks have increased at a faster rate during the pandemic as compared to past few years. Several companies which are engaged in manufacturing of respiratory masks products have increased the production of the masks on larger scale and are also taking strategic actions to fulfil the rising demand for respiratory masks in the market.
Respiratory masks are used in hospital, construction and manufacturing industry at greater extent which has increased the demand for the products in the pandemic situation. The demands for the respiratory masks have increased across all distribution channels which has aided the manufacturers to earn profit by clearing their stock.
STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE
Manufactures of respiratory masks have faced have many difficulties due to halt in the production for mask and low availability of raw materials in the market which has increased the price of products during pandemic. Manufactures have also taken strategic decisions to cover the losses which occurred due to COVID-19. Several OEMs and manufacturers have collaborated to resume production, which had been put to halt due to fluctuations in raw material. The demand for the respiratory masks have increased at higher rate due to which manufactures are planning to increase their production capacity and also increasing their distribution in different countries. Manufactures have also formed an alliance with the hospital pharmacies suppliers in long terms which will help the respiratory masks manufacturers to reduce their costs and increase their margins.

AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVE TO BOOST THE RESPIRATORY MASKS MARKET
COVID-19 has positively impacted the growth of respiratory masks market as the demand for the face masks have increased across all the sectors. Government has issued several rules for the use of mask in the medical sector to stop the spread of COVID-19 which increases the demand for the disposable respiratory mask in the hospitals and clinics. Despite advances in pharmacological treatment and early vaccine development for COVID-19, government has taken the steps to reducing transmission of the virus with the use of facemasks such as medical or surgical masks, N-95 and similar respirators and cloth masks.
Government has issued self-protection rules for infection prevention and control. The experts recommend health-care workers to wear a facemask when entering a patient's room which may have a viral respiratory infection. These rules have increased the demand for the mask in the health care or medical sector. The demand for the health care and personal hygiene products have also increased in the pandemic which increased the demand for respiratory masks.
The growing demand for hygiene products through e-commerce platform in the developing countries will increase the demand for respiratory mask market. As with the increase in the demand for medical services the demand for mask will increase in hospitals and manufacturing sectors. Government and several big manufactures are making innovations to improve the design and manufacturing process which will also have positive impact on respiratory masks market.

IMPACT ON DEMAND
COVID-19 has increased the demand for respiratory masks as these products are used on daily basis across different sector for the prevention of the spread of COVID-19. The COVID-19 has created a situation of fear among all the age groups and the demand for the medical products and hygiene products have been increased in all age groups.

From the above figure we can infer that the demand for the surgical mask or the face mask have increased during the month of February as the daily production of the face mask was the 180 million units but the demand was 900 million units on the daily basis. To fulfil the increasing demand for the facemask in the region several manufactures have increased the production of the face mask.
In coming years, manufactures will be able to invest more money in the business. The demand for respiratory masks is increasing across key end-users such as hospitals and clinics, public safety service organization, and construction companies.

IMPACT ON SUPPLY CHAIN
Supply chain has been affected more due to COVID-19 lockdown. Manufactures are not able to clear up stock in the inventory and not able to manage the future demand for respiratory masks products, which is impacting the respiratory masks market. Manufactures are also not able to produce packaging products according to the demand in different countries. Several dealers are also likely to exit the market due to export ban of the products during pandemic which have impacted the demand for respiratory masks products. Supply chain have also impacted raw materials which are imported from other regions for manufacturing of respiratory masks products which have also effected respiratory masks market.

IMPACT ON PRICE
With increasing impact of COVID–19, the price of respiratory masks products have been benefited due to rise in the demand in medical and industries in the market. Other nations are also entering into import and export of raw materials of mask products due to which demand for respiratory masks products have increased. With the increasing demand for the masks products in market, the price of respiratory masks products have increased during the pandemic.

CONCLUSION
In 2020, COVID-19 has more demand for hygiene and safety products due to which demand for respiratory masks products have increased. The demand for respiratory masks products in medical, hospital, construction industry, public safety service organization have increased and also homecare settings have also increased during the pandemic which increased the demand for the surgical mask. With the increasing demand for the high respiratory masks products on the daily basis during the pandemic have increased the price of the products which helps the manufactures to earn more profit. After opening of lockdown rules in regions, it will make import and export of raw materials easy and will help to boost the respiratory masks market in the near future. The government and the higher authority are also taking the positive action towards the growth of the respiratory masks products which will also boost the respiratory masks market.