Friday, June 18, 2021

How will Improve Face Shield Market Industry Revenue ?


The face shield market is estimated to grow from USD 3.0 billion in 2020 to reach USD 4.1billion by 2025, at a CAGR of 6.5%
.Factors such as Factors such as awareness due to outbreak of COVID-19 pandemic, stringent regulations pertaining to safety of personnel, and rising awareness about industrial occupational hazards is driving the face shield market.

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Based on type, the face shield market is segmented into disposable and reusable. The disposable segment comprises face shields which are readily available and produced from low quality material and are used only once. These are extensively used by healthcare and frontline workers. These face shields are used once and disposed in order to prevent healthcare workers from contamination. Since these are manufactured from low quality material, it is not advisable to clean and reuse them. This segment has higher demand in healthcare facilities due to the outbreak of the pandemic. The reusable segment comprises face shields which are made from high quality material and meet all quality standards. These are used by manufacturing, construction, and oil & gas site workers. Due to the ongoing pandemic, the general public is also using face shields to protect themselves from contamination in public zones. Reusable face shields can be easily disassembled for cleaning.

Based on tier, the face shield market has been segmented into premium, medium, and value.Face shields are personal protective equipment devices used by many workers (e.g., medical, dental, veterinary) for the protection of the facial area and associated mucous membranes (eyes, nose, mouth) from splashes, sprays, and spatter of body fluids. Face shields are also used in various industries such as manufacturing, construction, oil & gas, and transportation as protection against harmful chemicals and materials. Face shields are generally not used alone, but in conjunction with other protective equipment and are therefore classified as adjunctive personal protective equipment. Face shields are primarily used by medical professionals and industry personnel as a part of the Personal Protective Equipment (PPE) kit. They are also used by the common people to protect themselves from viral diseases such as COVID-19 and swine flu.

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Based on end-use, the face shield market has been segmented intohealthcare, manufacturing, construction, oil & gas, transportation, and others.Traditionally, face shields have been used in hospitals and for industrial purposes. They were rarely used by the general public. But over time, due to the need for protection and repetitive outbreaks of infectious viruses, face shields have started gaining popularity in the personal/individual protection segment as well.

On the basis of region, APAC dominated the global face shield market in 2019, followed by North America and Europe. The growing economies in China and India and the growth and improvement in healthcare infrastructure in Southeast Asian countries are the major factors driving this market. In addition, the rising geriatric population in countries such as Japan, growing per capita income, increasing investments in the healthcare industry, expansion of private-sector hospitals to rural areas, and rapid economic growth are also supporting this market. The rise in the construction and manufacturing industry in these regions is also surging the demand for face shields in these industries.

The face shield market is fragmented with several large players and a few small and medium-scale players. Leading manufacturers such as 3M (US), Honeywell International Inc. (US), Kimberly-Clark Corporation (US), MSA Safety Inc. (US), Lakeland Industries (US), Radians Inc (US), DuPont Teijin Films (US), MCR Safety (US), Protective Industrial Products (US), Prestige Ameritech (US) have adopted expansion, new product launch, and acquisitionstrategies to gain advantage over their competitors.

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