CR-39 accounted for more than 39% of the overall industrial eye protection market share in 2016. Potential outlook in several safety equipment owing to its superior impact resistance along with low-cost, easy availability properties will fuel the industry growth. Rising demand for durable and sustainable material to manufacture advanced products will drive the industry size.
Polycarbonate market was valued over USD 760 million in 2016. Increasing product usage in intensive applications including construction, automotive, consumer goods & pharmaceuticals industries will propel the demand. Better process-ability of polycarbonate by several means including foam moulding, injection moulding, vacuum forming and extrusion has enabled new opportunities for the industry players.
High mechanical stability, optical purity, better reflective vision, along with resistance against impact, chemical & heat are the key properties enhancing the trivex market. Glass has witnessed reduced consumption in the recent years due to its limited safety during injuries along with evolution of superior materials.
Safety spectacles market was valued over USD 770 million in 2016. Shifting employer preference for safety spectacles due to its easy handling and competitive price will drive the industry demand. Several safety product manufacturers provide prescribed spectacles and goggles for workers to correct the refractive errors. Correction of near-sightedness, far-sightedness and astigmatism are the key benefits driving the prescribed safety spectacles market growth.
Safety goggles market is estimated to register over 100 million units in volume by 2024. Emergence of laser prevention and anti-fog functionality are the key factors fuelling the industry growth. Increasing demand from pharmaceuticals for several treatment procedures will drive the product development.
Welding shields offer combination of comfort and safety during several welding activities including gas tungsten, shielded metal arc and gas metal welding. Excellent features with 180° viewing area coupled with low moisture trapping conditions will drive industrial eye protection market growth.
Oil & gas lead the global industry share accounting for more than 25% in 2016. Rise in offshore and onshore activities including exploration, transportation, and refining projects will trigger the demand. Safety regarding chemical spills at operational locations requires advanced safety gears for workers.
Construction industry generated over USD 300 million in 2016. Rapid urbanization, increasing investment on construction projects accompanied by worker safety concerns on site will positively impact product penetration. APAC is projected to dominate construction industry over the forecasted period. China, India and U.S. together account for 57% of the global construction industry in 2016.
North America industrial eye protection market registered over 35 million units volume in 2016. Necessity for safety measures due to presence of large scale industries accompanied by prevalence for employee health & safety will drive the demand. Increasing R&D spending and product innovations by several companies will support the product scope.
Stringent regulations about vision safety during work impacted the requirement for safety gears for employees in Europe. Government promotions coupled with educational initiatives for workers will significantly support in reduction of vision injuries. The region accounted for more than 33% of the overall industry share in 2016.
Asia Pacific is the fastest growing region in the industrial eye protection market due to enhancing socio economic conditions particularly in China, India, South Korea and Japan. Rising consumer awareness regarding importance of safety solutions at work along with product convenience in several applications will enhance the product development.