Eye and Face Protection Market will expand at a sub-par CAGR of 4.6% during the period, 2017-2026; global market for Eye and Face Protection is expected to reach US$ 4.5 Bn by the end of 2026.
Albany, NY -- (SBWIRE) -- 03/25/2019 -- Workers and employees in almost every industry are subjected to hazards which can permanently or temporarily injure them. Employers are compelled to provide proper protection equipment to workers for keeping their vital body parts such as face and eyes safe from sharp metal surfaces, toxic gases, and volatile substances. The importance of abiding by the occupational safety and health standards is gain traction across industries, and employers are being trained through awareness programs on the use of eye and face protection equipment. Investing in the purchase of these equipment is being observed as a practical solution to save business expenses accounted by the indirect costs of paying for the treatment of injured workers. Manufacturers of eye and face protection equipment are working towards developing effective devices and catering to the custom requirements of employers. Companies namely, E I Du Pont De Nemours and Co., 3M Co., Ansell Limited, Honeywell International Inc., Msa Safety Inc., Avon Rubber Plc., Grainger, Inc., Uvex Safety Group, Kimberly-Clark, and Bullard are at the forefront of supplying effective eye and face protection equipment across the globe.
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However, these companies are facing challenges in meeting the standards set by global and regional occupational safety administrations. In several developed countries, the national occupational safety guidelines and the state-wise mandates on the use of eye and face protection equipment are inharmonious. This is observed as a major impediment for the growth of the global eye and face protection market. Transparency Market Research's latest report on the global eye and face protection market projects that the demand for these equipment will gain moderate traction during the forecast period, 2017-2026. The report estimates that more than US$ 4.5 Bn worth of eye and face protection equipment will be sold globally by the end of 2026. During the forecast period, the global eye and face protection market is assessed to expand at a CAGR of 4.6%.
Key Findings from the Report
The report has analyzed the expansion of the global eye and face protection market across multiple parameters. Over the forecast period, several leading manufacturers of eye and face protection devices are expected to instrument tie-ups with employers and industrialists to cater to their specific requirements. Product development will witness a great emphasis in the global eye and face protection equipment manufacturing landscape.
The report estimates that eye spectacles and goggles will remain top-selling products in the global eye and face protection market. In 2017, eye spectacles and goggles accounted for more than 70% of the global eye and face protection market value. The global demand for laser safety goggles is also pegged to gain traction, while face shields will register moderate revenue growth, bringing in over US$ 600 Mn by 2026-end. In terms of applications, the report estimates that eye and face protection devices will be predominantly used in the manufacturing sector and the construction industry. By the end of the forecast period, more than US$ 1.5 Bn worth of eye and face protection devices will be sold across manufacturing and construction applications in the world.
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North America to Register High Adoption of Eye and Face Protection Equipment
A regional forecast on the global eye and face protection market reveals that sales of these devices and equipment will be considerably high in the US and Canada. North America's industrial safety standards are becoming more harmonized, propelling the use of eye and face protection equipment. By 2026-end, North America's eye and face protection market will reach an estimated value of US$ 1.3 Bn. However, Europe is expected to outpace the sales of eye and face protection equipment registered in North America, and emerge as the leading market by the end of the forecast period. Europe's eye and face protection market is posed to expand at the fastest pace, reflecting a value CAGR of 5.4%. Meanwhile, the Asia-Pacific excluding Japan (APEJ) region is likely to register dominance in terms of production of eye and face protection devices.