This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Frost & Sullivan: Improved Safety Regulations And Heightened Foreign Competition To Positively Impact Chinese Market

MOUNTAIN VIEW, Calif., Feb. 18, 2013 /PRNewswire/ -- Widespread fears of terrorism and disease in the early 2000s caused a boom in the respiratory protection market leading to a surge in demand and funding. However, as the occurrence of such events has decreased, demand has leveled off. Improved safety regulations and enforcement efforts by Chinese government agencies are expected to offset this reduction in demand.

Frost & Sullivan's Chemicals, Materials & Food practice ( www.frost.materials.com) finds that the respiratory protection market earned revenue of $405.3 million in 2011 and estimates this to reach $610.4 million in 2016.

Click here to view the Strategic Analysis of the Chinese Respiratory Protection Market video and gain access to the online community- http://bit.ly/12bNP4d.

If you are interested in more information on this research, please send an email to Zhenhua Chen, Corporate Communications, at zhenhua.chen@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

Established Chinese companies normally do not sell high-end respirators, rather, tend to participate in the low-end segments that require less technology, such as disposable or non-disposable respirators. As a result, low-end segments are highly saturated with several small competitors. These companies usually do not have strong financial portfolios and struggle to survive due to meager profit margins.

Participation by these companies in product research and development is minimal, which has hindered the development of the Chinese respiratory protection market. Additionally, some foreign manufacturers do not feature their full line of products in China, as they do not believe that the demand is high enough for expensive products. However, certain companies such as Scott Health and MSA have started to offer some of their high-end products in the Chinese market.

"Previous quality control standards in China were inadequate, thus increasing the transaction costs that end users incurred when selecting and testing respiratory protection," said Frost & Sullivan Research Analyst Roland Heinze. "As a result, inexpensive products dominated the market and lowered the quality of respirators in China relative to that of Europe and the U.S."

Over the past ten years, Chinese regulatory agencies have increased their efforts to develop improved standards for respiratory protection. Standards which are over five years old have been revised, along with new ones created, keeping in mind the technical requirements and testing methods under American, European, and International Safety Organization (ISO) standards. Competition under new policy is expected to encourage suppliers to adhere to higher quality control standards in order to remain competitive in the market. These factors will lower transaction costs for end users and increase the likelihood that the correct type of respiratory protection is used in suggested end applications.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs