Industrial Eye Protection Market To Surpass $2.5bn By 2024: Global Market Insights, Inc.
SELLBYVILLE, Del., Nov. 28, 2017 /PRNewswire-iReach/ -- Rising awareness regarding the causes of eye injuries at worksites is likely to stimulate Industrial Eye Protection Market. As per reliable estimates, every three out of five workers had not been wearing eye protection at the time of the accident. The importance for eye protection has substantially increased, owing to the humongous expenditure on eye injuries – as per records, the overall healthcare expenditure on eye injuries currently amounts to more than USD 300 million. In order to mitigate the ever-rising costs for eye treatments, products such as face respirators, safety goggles, and other hybrid eye safety products have penetrated various end-use sectors, which have made a major impact on industrial eye protection industry. As per estimates, in 2016, industrial eye protection market crossed a revenue collection of USD 1.92 billion.
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Construction application was worth over USD 310 million in 2016. Increasing government spending on building tunnels, dams, roads, and bridges globally will drive the growth. China is projected to be among the major contributor. China construction spending was over USD 730 billion in 2016.
CR-39 lenses will witness gains at 3% up to 2024. High optical quality compared to glass along with comparatively less manufacturing cost has driven industry growth in this segment. Entrance of trivex as an ultra-light, thin and high impact resistant lenses will open new avenues in the industry.
Safety spectacles was valued over USD 770 million in 2016. Technological advancement including anti-glare, anti-scratch and UVA/UVB protective products will support the industry demand. Safety goggles will generate revenue over USD 970 million by 2024. Rising product penetration in pharmaceutical laboratories and research centers will create new opportunities for the business growth.
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Europe industrial eye protection market was more than 70 million units in 2016. Favorable socio-economic factors accompanied by increasing manufacturing facilities will drive the demand. Strong presence of the key manufacturers in this region will propel the industry growth. Changing lifestyle along with increasing awareness regarding worker safety has encouraged the product penetration.
North America industrial eye protection market will witness gains at 3.2% up to 2024. High prevalence for employee safety along with stringent government regulations are the key factors supporting the business growth. As per NIOSH, about 2000 workers in U.S. sustain workplace eye injury per day, that requires medical treatment.
Browse key industry insights spread across 270 pages with 227 market data tables & 11 figures & charts from the report, "Industrial Eye Protection Market Size By Material (Polycarbonate, CR-39, Trivex, Glass), By Product (Safety Spectacles [Prescribed, Non-Prescribed], Safety Goggles, Welding Shields, Face Shields), By Application (Construction, Oil & Gas, Chemicals, Mining, Pharmaceutical, Food, Transportation, Firefighting) Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, South Korea, Thailand, Indonesia, Australia, Taiwan, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/industrial-eye-protection-market
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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