Face shield is used to protect the wearer's face from physical hazard, chemical splashes, energy or radiation, and/or biological hazards. They provide a high level of protection for the wearer. Face shields cover the whole face (mouth, nose, and eyes) a high percentage of viral particles are prevented from reaching a wearer. Wearing face shields is recommended as part of personal protective equipment (PPE) and as a public health measure to prevent the spread of coronavirus disease 2019 (COVID-19) pandemic.
Market Statistics:
The global face shields market is estimated to account for US$ 2644.7 Mn in terms of value by the end of 2022.
Drivers:
Increasing demand for face shields worldwide owing to the outbreak of COVID-19 (pandemic) is expected to augment the growth of the global face shields market. For instance, in May 2020, Steelbird announced its foray in the medical devices segment with the launch of five different types of face shields to support the country’s fight against COVID-19. These face shields have been designed according to the need and requirement of the end-users and are equipped with variety of designs, features, sizes, and usage. Moreover, the company planned to produce over 40,000 face shields per day to fight against COVID-19..
Opportunities:
Rapid growth of the construction and manufacturing industry is expected to provide lucrative growth opportunities for player in the global face shields market. For instance, according to the India Brand Equity Foundation (IBEF), In September 2021, Indian Government approved PLI scheme worth Rs. 26,058 crore (US$ 3.53 billion) for auto industry and drone industry to boost India’s manufacturing capabilities. In May 2020, the Government of India increased FDI in defence manufacturing under the automatic route from 49% to 74%.
Restraints:
Volatility in prices of raw materials and counterfeit face shields in the market are some major factors expected to impede growth of the global face shields market. For instance, polyethylene terephthalate glycol (PETG), acetate, and polycarbonate (PC) are polymers derived from oil are often used to manufacture face shields. Hence, the industry is indirectly dependent on the prices of crude oil. While, counterfeit face shields may not be capable of providing appropriate protection to front line medical personnel.
Global Face Shields Market - Impact of Coronavirus (Covid-19) Pandemic
The outbreak of COVID-19 has had a positive impact on the face shields market. There is/was an increasing demand for face shields during the pandemic, as they help slow down or prevent the spread of the novel coronavirus (COVID-19). Face shields are being used as a public and personal health control measure against the spread of the virus. They are intended to be used as personal protection against infection and as source control to limit transmission of the virus in a community or health care setting. This in turn is expected to ain in the market growth.
To know the latest trends and insights prevalent in the Global Face Shields Market, click the link below:
https://www.coherentmarketinsights.com/market-insight/face-shields-market-5076
Key Takeaways:
The global face shields market was valued at US$ 3,371.1 Mn in 2021 and is forecast to reach a value of US$ 3,054.9 Mn by 2028 at a CAGR of 2.4% between 2022 and 2028.
Among type segment full face shield segment held dominant position in the global face shields market in 2021, accounting for 61.6% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.
Market Trends:
- Introduction of novel products to meet increasing demand is expected to propel the growth of the global face shields market. For instance, in May 2020, Studds announced the launch of face shields and protective glasses in a bid to contribute to the efforts to curb the spread of the novel coronavirus (COVID-19).
- Increasing prevalence of chronic disease and rising geriatric population around the world is expected to aid in the growth of the global face shields market. For instance, according to the World Health Organization (WHO), older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are at higher risk of developing serious illness from COVID-19.
Competitive Landscape:
Major players operating in the global face shields market include Sanax Protective Products, Prestige Ameritech, Precept, MSA Safety Incorporated, Lakeland Industries, Inc., Kimberly-Clark Corporation, Casco Bay Molding, Alpha Pro Tech, SureWerx, Honeywell International Inc., 3M, and Pyramex Safety Products, LLC, among others.
Recent Developments:
In March 2020, Lakeland Inc. increased its manufacturing capacity by increasing the operating hours of its facilities in Vietnam, India, and China for providing disposable PPE for healthcare professionals amid the COVID-19 pandemic.
In March 2020, Honeywell International Inc. expanded manufacturing capabilities in Phoenix, Arizona, U.S. to manufacture N95 face masks for supporting the U.S. government’s response to the outbreak of COVID-19.
