USD 0.7 billion
Report ID:
SQMIG35B2142 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
61
|Figures:
74
Face Shield Market size was valued at USD 0.7 billion in 2019 and is poised to grow from USD 0.75 billion in 2023 to USD 1.4 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).
The need for face shields has risen as a result of growing awareness of healthcare-associated infections and a spike in Covid-19 cases globally. Due to the new coronavirus's effects on the governments and businesses that commissioned them, a vast number of construction projects have been delayed or abandoned. Furthermore, the demand for face shields is likely to decrease due to supply chain issues with materials and equipment, especially with raw materials like steel imported from Asia. Following the pandemic, market expansion will be driven by the rising healthcare and pharmaceutical sectors.
It is anticipated that the recent Covid-19 pandemic outbreak may increase demand for these items in the area. The U.S is one of the world's most negatively hit countries by the coronavirus. Face shields are more in demand now than ever before, especially in the healthcare industry, as a result of the swift spread of Covid-19 throughout the nation. Some significant variables fueling the healthcare business is a vast ageing population, modern healthcare infrastructure, and substantially greater disposable incomes of individuals. The aforementioned facts indicate that face shields will become more common.
To protect workers at risk of exposure to the COVID-19 virus are also being produced PPE, including face shields, face shields, face shields, face shields, and face shields are among the personal protective equipment (PPE, such as face shields, face shields, face shields For instance, in April 2020, the German multinational shoe, apparel, and accessory manufacturer Adidas collaborated with the American 3D printing company Carbon to create 3D printed face shields to help combat the pandemic issue. Large chemical and petrochemical companies including ExxonMobil, Chevron Phillips Chemical, and DOW have recently accelerated their expansion, contributing to the market's growth.
US Face Shield Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 0.7 billion
Largest Segment
Full Face Shield
Fastest Growth
Full Face Shield
Growth Rate
7.2% CAGR
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The global face shield market segmentation is based on product, type, and region. Based on product the market is segmented into full face and half face shield. Based on type the market is segmented into reusable and disposable. Based on region the global face shield market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Face Shield Market Analysis by Product
In 2021, the majority of the market is made up of the full face shield category. Due to its strong need for face shielding across a range of end-use industries, including health, construction, petroleum, chemicals, and manufacturing, the market is predicted to grow quickly.
As they're more effective in keeping bodily excretions out of the vision than goggles, half face shields are frequently employed in place of them. This is probably going to benefit the sector's expansion over the coming years.
Face Shield Market Analysis by Type
During the course of the industry forecast, a strong rate of growth in the reusable category is predicted. It is a popular choice due to its simple accessibility and reasonable rate.
The disposable shield is designed to be used by health and public service professionals in situations where social distance is impossible or where there is a significant danger of communicable disease dissemination. This kind of shield gives extra defense from airborne droplet transmissions and complies with federal splash and droplet regulations. It is intended to serve as a protective border in medical situations, limiting close contact with fluids that have been splattered or aerosolized. Through the market forecast period, a segmental growth rate is expected as a result.
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In 2021, the face shield market's largest region was the Asia Pacific. During the projection timeframe, it is expected that this area will remain to have the highest growth. The main drivers of this market are the expanding populations of China and India as well as the expansion and upgrading of the medical services in Southeast Asian nations. The need for face shields in these sectors is increasing along with the growth of the building and industrial sectors in these areas.
Over the projected timeline, Middle East & Africa is expected to experience considerable growth in the face shield market. The economies of the UAE and Saudi Arabia are principally responsible for the rising market for face shields. Growing aging people, increasing long-term illness incidence, increased healthcare tourism, expanding disposable incomes, and growing adoption of cutting-edge healthcare services are all contributing factors to the growth of this market.
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Face Shield Market Driver
Face Shield Market Restraint
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In the projection period of 2022 to 2028, the face shield industry participants will have lucrative prospects due to a rise in investments in R&D, a shortage of face shields due to increasing demand, and advancements such as 3D-printed masks. Manufacturers of face shields create them utilizing 3D printing technology. Also known as additive manufacturing, 3D printing use computer-aided design to build three-dimensional items layer by layer. For instance, in April 2021, Adidas and Carbon collaborated to create a 3D-printed face shield, and the face shields are utilized to help hospitals and needy neighbourhoods.
Top Players in the Face Shield Market
Face Shield Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis in 2021, the majority of the market is made up of the full face shield category. Over the forecast period, a strong rate of growth in the reusable category is predicted. In 2021, the face shield market's largest region was the Asia Pacific and it is expected that this region will remain to have the highest growth.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 0.7 billion |
Market size value in 2031 | USD 1.4 billion |
Growth Rate | 7.2% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Face Shield Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Face Shield Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Face Shield Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Face Shield Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Face Shield Market size was valued at USD 0.7 billion in 2019 and is poised to grow from USD 0.75 billion in 2023 to USD 1.4 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).
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Report ID: SQMIG35B2142
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