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Fluctuating raw material prices, particularly those of natural gas and crude oil, pose a significant challenge to the non-powered air purifying respirator industry. When the prices of these key materials rise, as they did when oil surpassed USD 110 per barrel in March 2022, the cost of the synthetic polymers used in respirators also escalates.
According to the U.S. Energy Information Administration, crude oil prices have shown significant volatility, impacting various industries. This price volatility leads to supply and demand imbalances in the crude oil market. However, amidst these challenges, the rising adoption of electrospinning technology offers a promising solution. Additionally, the increasing focus on workplace safety and stringent government regulations, such as OSHA standards, are driving market growth.