PUBLISHER: SkyQuest | PRODUCT CODE: 1286030
PUBLISHER: SkyQuest | PRODUCT CODE: 1286030
Face Shield Market size was valued at USD 0.7 billion in 2021 and is poised to grow from USD 0.75 billion in 2022 to USD 1.4 billion by 2030, growing at a CAGR of 7.2% in the forecast period (2023-2030).
Due to increased awareness of healthcare-associated illnesses and an increase in COVID-19 cases worldwide, face shields are now more important than ever. A huge number of construction projects have been postponed or abandoned as a result of the new coronavirus's consequences on the governments and enterprises that commissioned them. Additionally, there may be a decline in demand for face shields as a result of problems in the supply chain for raw materials like steel imported from Asia and problems with the equipment itself. The expanding healthcare and pharmaceutical industries will be the main drivers of market growth after the epidemic.
The recent COVID-19 pandemic outbreak may result in a rise in demand for these products in the region, according to predictions. One of the nations with the worst effects from the coronavirus is the United States. Face shields are more popular than ever, particularly in the healthcare sector, as a result of the rapid distribution of COVID-19 across the country. The healthcare industry is fueled by a number of important factors, including a sizable ageing population, a modern healthcare infrastructure, and much higher individual disposable incomes. Face shields are expected to be used more frequently based on the aforementioned information.
Additionally, safeguards are being created to safeguard personnel who may be exposed to the COVID-19 virus. Personal protection equipment (PPE) such as face shields, face shields, face shields, and face shields are included in this category. As an illustration, in April 2020, the German multinational shoe, clothing, and accessory maker Adidas worked with the American 3D printing business Carbon to develop 3D printed face shields to aid in the fight against the pandemic problem. ExxonMobil, Chevron Phillips Chemical, and DOW are a few large chemical and petrochemical firms that recently increased their expansion, which helped fuel the market's boom.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Face Shield Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report:
The global face shield market segmentation is based on product, type, and region. Based on product the market is segmented into full face and half face shield. Based on type the market is segmented into reusable and disposable. Based on region the global face shield market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Driver
The rate of COVID-19 cases is increasing, and in order to save more lives, health professionals and other government employees must put their safety first. Face shields and other personal protective equipment (PPE) were encouraged by socialised healthcare organisations. The World Health Organisation recommended that governments and businesses increase manufacturing by 40% in order to meet the rising demand for PPEs among health professionals around the world.
Because polycarbonate face shield displays are being used more frequently, the market for face shields is growing. It has been made possible to manufacture a face shield out of polycarbonate that works effectively under pressure. It is ideal for outdoor purposes because to its distinct performance and durability, UV protection, and chemical resistance properties.
Restraint
Oil and metal are the main fundamental elements required to produce the visors and headgear crucial for face shields. The polymer needed to make face shields, such as polycarbonate (PC), acetate, and polyethylene terephthalate glycol (PETG), is produced from oil. The price of oil therefore has a secondary impact on the face shield industry.
Market Trends
Protecting the entire face from a variety of threats is the function of shields, which are auxiliary defence systems. In place of safety glasses or goggles, they shouldn't be worn. By far, the most typical way that eye mishaps occur is when space particles or sparks strike the eye. The shield is helpful in this situation since they pose a threat to the face. They provide more facial covering in addition to an extra layer of eye protection. In light of this, market growth is anticipated to be prompted by an increase in industrial accidents across a variety of end-use industries.