The global emergency blankets market is expected to grow at a significant CAGR during the forecast period (2024-2031). Space blankets, mylar blankets, first aid blankets, thermal blankets, and other terms are used to describe emergency blankets. These blankets are comprised of heat-reflective thin plastic sheeting that is light in weight and bulky in size, making them easy to store. The thin layer of plastic is covered with a gold or silver metallic reflecting substance that reflects nearly 97% of the radiated heat. Military personnel can use these blankets for a variety of functions, including camouflaging, tent preparation, and more. McKesson Medical-Surgical Inc. sells a mylar blanket with an aluminum coating. Furthermore, another producer, Swiss Safe Emergency Supplies, sells mylar blankets, which are coated with aluminum on both sides and may be used from either side.
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During the forecast period, the emergency blankets market is expected to grow owing to increased research and development for the modification of emergency blankets. Engineers from the University of California, Irvine (UCI) in the US developed a space blanket in 2019, which replicates the adaptable skin of some cephalopods such as squids and octopuses, i.e., the blanket responds to the temperature of the surroundings. This type of material can be used to construct tents and garment lines. Furthermore, as natural disasters become more common over time, the demand for emergency blankets is likely to rise. According to the World Health Organization (WHO), approximately 90,000 people die each year as a result of natural disasters, and approximately 160 million people are affected by natural disasters such as earthquakes, tsunamis, wildfires, heatwaves, droughts, and other natural catastrophes. This, in turn, is accelerating the demand for emergency blankets.
Furthermore, market players are involved in product releases, which is projected to boost growth in the global emergency blankets market. For instance, in 2018, Quake Kare, Inc. released the ER Camping Survival Kit, a portable camping survival kit for hikers and campers. Fire starters, Mylar blankets, bug repellant, ponchos, first aid supplies, portable tools, and toilet paper are just a few of the items included in the survival pack.
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Market Coverage
- Segment Covered
- Regions Covered- Globally
Competitive Landscape: Dukal, LLC, Geatherm Medical AG, and Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Emergency Blankets Market Report Segmentation
By Product Type
- Aluminum
- Fiberglass
- Wool
- Others
By Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
- Others
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Article source: https://article-realm.com/article/Business/69565-Emergency-Blankets-Market-Industry-Share-Growth-Segments-and-Forecast-2031.html
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