Industrial Eye Protection Market 2024 By Application – Construction, Oil & Gas, Chemicals, Mining, Pharmaceutical, Food Processing, Transportation, Firefighting

Global Market Insights, Inc. adds a new Global Industrial Eye Protection Market Research Report for forecast period that shows the growth of the market is rising at a steady CAGR from 2017 to 2024.

Industrial eye protection market, which collected a revenue of USD 1.92 billion in 2016, is set to surpass USD 2.5 billion by 2024. The escalating need for personal eye protective equipment to prevent workplace injuries will leverage the growth of Industrial Eye Protection Market. This industry is governed by strict legislations addressing the issues pertaining to the safety of the industrial employees.

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Oil & gas sector, which accounted for over 25% of global industrial eye protection industry share in 2016, is anticipated to experience a notable surge over the coming years. Mounting requirement of safety gears for workers carrying out offshore and onshore activities such as exploration, refining, mining, and transportation is expected to impel industrial eye protection industry.

Safety goggles, face shields, safety spectacles, and welding shields are some of the major products used for eye protection in various industries. Safety goggles are expected to contribute more than USD 970 million towards industrial eye protection industry revenue by 2024. The growth can be credited to rise in the product popularity across research units and pharmaceutical labs.

Industrial eye protection market size from face shields is expected to record a CAGR of more than 4% over the coming timeline, subject to the product’s ability to protect the eyes from pathogens and chemicals. Safety spectacles, having held a revenue of USD 770 million in 2016, are projected to witness an immense growth in the future. Shifting trends toward the use of safety spectacles as a result of their ability to rectify astigmatism, short-sightedness, and farsightedness will spur the business landscape.

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Protective eyewear are manufactured from materials such as polycarbonate, glass, CR-39 lenses, and Trivex. CR-39 lenses, which contributed over 39% toward industrial eye protection market size in 2016, are expected to record a CAGR of 3% over the coming timeframe. Surging requirement of high quality optical material with lower production costs will benefit the industry growth. The popularity of chemical, heat, and impact resisting lenses will contribute majorly towards industrial eye protection market share over the coming years.

Regional trends depict Asia Pacific industrial eye protection industry to attain substantial revenue over the coming years, pertaining to an increase in the level of awareness among the factory workers as well as employers about workplace safety. Improvement in the social and economic conditions of the employees in countries such as Japan, China, South Korea, and India will further influence the regional development.

North America industrial eye protection market is anticipated to record a CAGR of 3.2% over the coming seven years. The presence of numerous labor unions along with the strict implementation of labor laws addressing the safety of the employees working in the factories will help the business flourish across the region.

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Market participants are constantly engaged in numerous growth strategies to increase their product portfolio through improved production capacity and joint ventures. Honeywell International Inc., Kimberly-Clark Corporation, MSA Safety Incorporated, The 3M Company, and Sioen Industries are some of the major players of industrial eye protection industry.

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