FACE SHIELDS MARKET ANALYSIS

Market Challenges And Opportunities

• Volatility in prices of raw materials
• Counterfeit face shields in the market

Market Drivers:

1. Outbreak of COVID-19 (ongoing pandemic) is expected to aid in the growth of the global face shields market over the forecast period. For instance, in April 2020, Apple planned to ship 1 million face shields a week for healthcare workers. The first shipment was delivered to Kaiser Hospital facilities in the Santa Clara Valley. Apple has also donated 20 million N95 masks to organizations to curb the spread of the novel coronavirus.
2. Rising awareness regarding industrial occupational hazards is expected to boost growth of the global face shields market during the forecast period. For instance, as per the Occupational Safety and Health Administration (OSHA), eye accidents costs more than US$ 300 million per year in medical costs, leading to lost production time and worker compensation.

Market Opportunities:

1. Rapid growth of the manufacturing and construction industry is expected to offer significant growth opportunities for player in the global face shields market. For instance, according to the India Brand Equity Foundation (IBEF), India is expected to become the 3rd largest construction market in the world by 2025. Moreover, India, China, and the U.S are expected to account for almost 60 per cent of all global growth in the sector by 2025.
2. Increasing awareness about workplace safety in various industry verticals is expected to offer significant growth opportunities for player in the global face shields market. For instance, the 2018-19 Healthy Workplaces Manage Dangerous Substances campaign (European Agency for Safety and Health at Work) aimed to raise awareness of dangerous substances in the workplace and the risks they pose, and to create culture of prevention by disseminating campaign materials and carrying out promotional and engagement activities.