Face Shield Market Scenario
Market Research Future (MRFR) studied the global face shield market 2021 in the review period till 2026. As per MRFR data, the global face shield market can rise at 6.2% CAGR (between 2020 and 2028). By 2026, the global face shield market value can reach approximately USD 3.1 Billion.
Market Drivers and Restrains
The surge in demand for face shields in the expanding healthcare and manufacturing industries can contribute to the market rise. The growing adoption of stringent regulations in the workplace for the safety of employees, especially in the COVID 19 outbreak, can promote the growth of the face shield market. In addition, the adoption of face shields across different industries drives the sales of the face shield, which, in turn, can favor the market soon.
The rising count of infectious diseases and the fast-paced growth of manufacturing and healthcare and industries across the globe can favor the market rise in the review period. In addition, the existence of several retail sectors in developing countries and the advent of multiple e-commerce platforms are forces that can boost the market rise. On the contrary, the easy acceptability of counterfeit products can promote the market rise in the review period.
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The outbreak of COVID-19 was a considerable boost to the demand for face shields as the need for protection from airborne infections agents is observed to surge. The growing adoption of self-protection gears in hospitals and other healthcare facilities can add to the market upsurge. Startups, such as Armor Care which is based in India have started mass production of such gear, such as; face shield, which, in turn, can promote the market rise.
Market Segmentation
The segment evaluation of the face shield market is based on distribution channel, material type, and end-use.
The material type-based segments of the face shield market analysis are cellulose acetate and polycarbonate. The polycarbonate segment is anticipated to favor the face shield market soon as the segment can garner decent revenue. The increase in the demand for polycarbonate due to its economical and strong protection against harmful infections can support the segment rise. The cellulose acetate segment is likely to garner considerable revenue for the market by 2026.
The End-Use-based segments of the face shield market are Chemical, Healthcare, Manufacturing, individual, Professional, and others. The others segment comprises Oil & Gas, and Construction. The professional segment is anticipated surge at a high pace during the review term as the demand for face shields across different industries is observed to increase. Currently, the spike in the need for face shields in the growing healthcare industry can benefit the market.
The Distribution Channel-based segments of the face shield market are Store-Based and Non-Store-Based. The increase in sales of face shields through store-based retail shops can favor the market in the approaching years. The increase in the count of vendors that supply face shields in bulk quantities can prompt the rise of the professional segment in the review period. In addition, COVID-19 has increased the demand for face shields which can impact the expansion of the market during the analysis period.
Regional Study
The North American region is anticipated to hold lucrative scope and investors are investing in exploring its untapped potential. The rise in demand for a different types of face shields can promote the market. The region is observed to host several key players that can play a significant role in the acing performance of the market as they are expected to earn considerable revenue. The ingression of innovative product launches can promote the regional market soon. Similar growth factors are likely to be observed in Europe. In the Asia Pacific, the face shield market is expected to thrive in the years to come. In APAC, the growing adoption of face shields by numerous countries can benefit the market. The presence of a robust healthcare setup and solid face manufacturing base can prompt the rise of the APAC face shield market. This market in the Asia Pacific region can be experienced a moderate upsurge owing to the decline in economic condition and socio-economic issues.
Key Players
Brady Corporation Ltd. (UK), Thermo Fisher Scientific (US), Alpha Pro Tech, Ltd. (US), Shelby Group International, Inc. (US), Honeywell International (US), The 3M Company (US), MSA Safety (US), Medline Industries, Inc. (US), Kimberly-Clark Corporation (US), and Dymax Corp (US) are some eminent companies in the global face shield market that are profiled by MRFR.
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