Face Shields Market
A face shield is worn to cover the wearer’s face from potential biological, energy, or radiation risks as well as physical threats. They provide the wearer a great level of protection. Face shields completely enclose the face, including the lips, nose, and eyes, preventing the majority of virus particles from ever touching the wearer. As part of personal protective equipment (PPE) and as a public health precaution to stop the coronavirus disease 2019 (COVID-19) pandemic, face shields should be used.
Market Statistics
By the end of 2022, the market for face shields is anticipated to be worth US$ 2644.7 Mn.
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Drivers
The global face shields market is anticipated to expand as a result of rising demand for face shields due to the COVID-19 (pandemic) outbreak. For instance, Steelbird announced its entry into the medical equipment market by launching five different types of face shields in May 2020 to aid the nation’s COVID-19 response. These face shields are supplied with a range of styles, features, sizes, and uses and have been created to meet the needs and requirements of the end users. In addition, the business intended to make over 40,000 face shields per day to combat COVID-19.
Opportunities
Players in the worldwide face shields market may anticipate to benefit from attractive development prospects due to the construction and manufacturing industries’ fast expansion. For instance, the India Brand Equity Foundation (IBEF) reports that the PLI programme, worth Rs. 26,058 crores (US$ 3.53 billion), was authorised by the Indian government in September 2021 for the auto and drone industries to increase India’s manufacturing capacity. The Indian government boosted FDI in military manufacturing under the automatic route from 49% to 74% in May 2020.
Restraints
Some significant factors that are anticipated to restrain the growth of the global face shields market include the market for counterfeit face shields and volatility in raw material prices. For instance, face shields are frequently made from oil-derived polymers such polyethylene terephthalate glycol (PETG), acetate, and polycarbonate (PC). As a result, the sector is indirectly reliant on crude oil prices. While fake face shields might not be able to offer front-line medical staff the proper protection.
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Impact
The market for face shields has benefited from the COVID-19 epidemic. Face shields are/were in greater demand during the epidemic since they aid in containing or halting the transmission of the new coronavirus (COVID-19). Face shields are being utilised as a personal and public health precaution to prevent the virus from spreading. They are designed to be used as source control to prevent viral spread in a community or healthcare environment as well as personal protection against infection. This should help the market flourish as a result.
Key Takeaways
The face shield market is projected to grow from a market value of $3,371.1 million in 2021 to US$3,054.9 million by 2028, reaching CAGR of 2.4%.
By representing for 61.6% of the market’s worth in 2021, full face shields retained a commanding lead among the type segments. Over the course of the anticipated term, rising approval and the launch of new products are anticipated to fuel the segment’s expansion.
Market Trends
The launch of innovative products to satisfy rising demand is anticipated to fuel the expansion of the face shields market globally. For instance, in an effort to aid in the efforts to stop the spread of the novel coronavirus, Studds announced the launch of face shields and protective glasses in May 2020. (COVID-19).
The worldwide face shields market is anticipated to expand as a result of the rising elderly population and the incidence of chronic disease. For instance, older adults and those with underlying medical conditions including cardiovascular disease, diabetes, chronic lung disease, and cancer are more likely to suffer major COVID-19-related disorders, according to the World Health Organization (WHO).
Competitive Landscape
Pyramex Safety Products, LLC, Sanax Protective Products, 3M, Prestige Ameritech, Precept, Honeywell International Inc., MSA Safety Incorporated, SureWerx, Lakeland Industries, Inc., Alpha Pro Tech, Kimberly-Clark Corporation, and Casco Bay Molding are a few of the major companies that compete in the global face shields market.
Recent Developments
In order to provide disposable PPE for healthcare workers in the face of the COVID-19 pandemic, Lakeland Inc. raised the operation hours of its plants in Vietnam, India, and China in March 2020.
To help the American government respond to the COVID-19 epidemic, Honeywell International Inc. extended its production capacity in Phoenix, Arizona, the United States, in March 2020.
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Table of Contents:
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Face Shields, By Product
- Market Face Shields, By Application
- Market Face Shields, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- The outbreak of COVID-19 (pandemic)
- Volatility in Raw Material Prices
- Rapid growth of the manufacturing and construction industry
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- Market Dynamics
- Face Shields Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- Face Shields Market, By Product, 2017-2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 – 2028
- Segment Trends
- Full Face Shields
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Half Face Shields
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Introduction
- Face Shields Market, By Application, 2017-2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 – 2028
- Segment Trends
- Healthcare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Chemical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Oil & gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Manufacturing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Introduction
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