August 05, 2021
According to the research report titled ‘Global Face shield Market Size study, by Product Type (Disposable, reusable), by Tier (premium, medium and value), by End use (Healthcare, manufacturing, construction, oil & gas and others), and Regional Forecasts 2021-2027’, available with Market Study Report, global face shield market size was valued at USD 3 billion in 2020 and is expected to multiply at a CAGR of 6.8% over 2021-2027, subsequently reaching USD 4.75 billion by the end of the forecast period.
The outbreak of COVID-19 pandemic and rising cognizance regarding industrial occupational hazards at workplace are the key factors driving global face shield market growth, cites the study. Besides, rising healthcare industry in emerging economies and growing awareness among people for staying safe amid the pandemic are also contributing to the market development.
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As per the COVID19 India organization, there were 2,46,83,242 confirmed cases in India as of May 2021, including 2,07,89,219 recovered cases, 36,13,505 active cases, and 2,07,321 deceased cases. Hence, increasing number of COVID-19 cases and rising concern among the population are adding to the industry progression.
For the unaware, a face shield is personal protection equipment that is designed to guard the face from potential risks. It is usually made of plastic and worn to prevent disease from spreading.
Speaking of factors restraining the industry expansion, volatile prices of raw materials are anticipated to act as a major challenge for businesses in this domain.
Coming to regional front, Latin America, North America, Asia Pacific, and Europe are the leading contributors to the overall market growth. Of these, Asia Pacific currently leads worldwide face shield industry share, owing to booming population, growing countries like China and India, along with rising healthcare infrastructure in South Asian economies.
On the other hand, Europe market is expected to secure high returns by the year 2027, creditable to surging product demand and presence of top manufacturing and other end use industries in the region.
Key players operating in global face shield marketplace are Prestige Ameritech, Protective industrial Products Inc., Radians Inc., MCR Safety Inc., DuPont Teijin Films, Lakeland industries Inc., Kimberly-Clark Corporation, Honeywell international Inc., and 3M Company.