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Chemical Manufacturing Growth Drives Face Shield Market Expansion At A CAGR Of 12.4% During The Forecast 2023-2032: Minnesota Mining and Manufacturing Company, Honeywell International Inc., Kimberly-Clark Corporation
Face Shield Global Market Report
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the face shield industry. This report on face shield market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The face shield market size has grown rapidly in recent years. It will grow from $3.57 billion in 2023 to $3.99 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to pandemic preparedness, healthcare industry demand, occupational safety regulations, awareness of infection control, public health initiatives. The face shield market size is expected to see rapid growth in the next few years. It will grow to $6.38 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%.
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Key Market Players:
Minnesota Mining and Manufacturing Company, Honeywell International Inc., Kimberly-Clark Corporation, Mine Safety Appliances Company, Alpha Pro Tech Ltd are prominent players in the face shield industry.
Market Drivers:
According to the Face Shield Market Report 2023 by The Business Research Company, the key factors driving the growth of the face shield market, includes the growing chemical manufacturing sector. The chemical manufacturing sector refers to a segment of the industrial sector that focuses on the production and processing of various chemical compounds, substances, and products. The chemical manufacturing sector uses face shields to protect workers from potential chemical splashes, hazardous fumes, and workplace safety risks, ensuring their safety and preventing chemical exposure. For instance, in July 2023, according to the US Bureau of Labor Statistics, a US-based government agency, in the U.S., the trade value of chemical manufacturing products exported in 2022 amounted to $288.0 billion, reflecting a growth of 13.4% compared to the previous year, 2021.
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Market segments for face shield include:
1) By Type: Disposable, Reusable
2) By Material Type: Polycarbonate, Cellulose Acetate
3) By End-Use: Healthcare, Construction, Chemical, Oil & Gas, Manufacturing, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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