Explosion Proof Packaging Market - Global Industry Analysis, Trends and Forecast Upto 2024

Explosion proof enclosure or explosion proof packaging is an isolation provided to the equipment in order to prevent contact of fire inside with the external explosive environment. The hazardous and explosive environments are very common in manufacturing industries. The packaging can be made of metallic material or nonmetallic materials such as plastic, etc. To minimize the risk of explosion or fire, the explosion proof packaging is critical for the electrical instruments. The packaging are characterized to have properties such as anti-corrosion, ability to withstand high pressure, exposure to chemicals, and other extreme conditions. They are generally used to cover automation and electrical equipments/systems in the industries.

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Most of the manufacturing industries give rise to flammable and hazardous environment are which include chemical, pharmaceuticals, food & beverages, oil & gas, petrochemical, wastewater treatment industry use explosion proof packaging. Chemical, pharmaceutical, oil & gas, power generation, and petrochemical are the prominent end users. To avoid risk of explosion and ensure safety various laws and directives are developed in most of the countries. The organizations such as NEMA (National Environmental Management Authority) in US, and IEC (International Electro technical Commission) are responsible for the packaging standards.

Global Explosion Proof Packaging Market Dynamics

The global explosion proof packaging market is expected to be driven by the growing concerns and governmental regulation for safety in end use industries. The manufacturers in Europe are directed to follow the directive 94/9/EC while installing and commissioning mechanical and electrical systems in the hazardous environment. Similarly in US, the directives by NEC (National Environmental Commission) is followed. In rest of world, the compliance of the installation and commissioning of electrical systems is based on IEC (International Electro technical Commission). The trend towards minimizing the human efforts in each end use industry through automation is driving the demand and can be considered as one of the prominent driving factor for the global market. Growing global industrialization is also one of the driving factor for global explosion proof packaging market. The growing output of the end user industries is linked with the more need for safety provisions in the industries. The higher cost related to the packaging material is a major restraint for the market.

Global Explosion Proof Packaging Market Segmentation

The global explosion proof packaging market is segmented on the basis of product type and end use industry.

On the basis of product type the global explosion proof packaging market is segmented as

Metallic explosion proof packaging
Nonmetallic explosion proof packaging

Among these segments, the metallic explosion proof packaging segment accounts for maximum share in the global market. Nonmetallic explosion proof packaging mainly includes plastic enclosures.

By application, the global explosion proof packaging market is classified as

Chemical
Oil & gas
Pharmaceuticals
Power generation
Petrochemical
Others

The others segment includes food & beverage industry, waste water treatment industries, etc. The waste water included in others segment is anticipated to be the fastest growing segment in the global market.

Global Explosion Proof Packaging Market: Regional Outlook

Based on geography, the global explosion proof packaging market can be segmented as North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific Excluding Japan, Middle East and Africa, and Japan. Asia Pacific and Middle East & Africa markets are expected to be the fastest growing market for explosion proof packaging due to the high industrial growth in these regions in near future. North America and Western Europe are the most prominent market in the global explosion proof packaging market.

Global Explosion Proof Packaging Market Players

The global explosion proof packaging market is mostly fragmented with number of players existing in the market. Some of the key players are Adalet, R. Stahl, Inc., BARTEC GmbH, Eaton, Pentair Equipment Protection.

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This release was published on openPR.