According to the report, the global face shield industry generated $1.3 billion in 2021, and is estimated to reach $2.4 billion by 2031, witnessing a CAGR of 6.5% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Increase in demand for healthcare sectors wherein face shields are widely used for protection from hazards, growth of the construction sector, and rise in demand for consumer goods which has surged the development of chemical manufacturing facilities in both developed and developing economies drive the growth of the global face shield market. However, materials used for the production of face shields such as polycarbonate, acetate, polyethylene terephthalate glycol, and others are derived from crude oil which is a highly volatile commodity in terms of cost.
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Based on type, the reusable segment was the largest market in 2021, contributing to more than half of the global face shield market, and is expected to maintain its leadership status during the forecast period. Moreover, the same segment is projected to witness the fastest CAGR of 6.7% from 2022 to 2031. There are certain advantages associated with the use of reusable face shields such as their eco-friendly nature, inexpensiveness, and easy availability that has made customers become more linear toward using reusable face shields, which drives the segment.
Impact Of Covid-19 On the Face Shield Market:
- Many local players got involved in the manufacturing of face shields, owing to the increase in demand for face shields and other protective equipment during the COVID-19 pandemic period. This made the availability of face shields at relatively low prices.
- The face shield market witnesses a healthy growth rate during the post-COVID-19 period, owing to increase in awareness of personal protection equipment and communicable diseases, and rise in expenditure on healthcare facilities across the world.
- Increased spending on the development of the healthcare sector resulted in the growing demand for face shields used for the face protection of health professionals and workers.
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Based on product type, the full face shield segment held the largest market share of more than three-fifths of the global face shield market in 2021, and is expected to maintain its dominance during the forecast period. Moreover, the same segment is projected to witness the largest CAGR of 6.6% from 2022 to 2031. Full face shields come with both adjustable and fixed visor and are mostly used by doctors, nurses, medical staff, workers, and armed forces for protection from germs, viruses, bacteria, hazardous chemicals, and others. Full face shields find wide application in sectors including construction, medical, chemical industries, oil & gas, and others.
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The major players operating in the Dimethyl Phosphate Market:
- JBC Technologies Inc.
- Printex Transparent Packaging
- Vee Protect
- Honeywell International Inc.
- Alpha Pro Tech Ltd.
- Casoc Bay Molding
- Kimberly-Clark Worldwide Inc.
- Lakeland Inc.
- Precept Medical Products Inc.
- Pyramex Safety Products
- Sanax Protective Products
- Key Surgical
- Medline Industries LP
- The 3M Company
- KARAM
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